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Building estimators or architects may use the Uniformat system of breaking down the building into functional systems or assemblies during the schematic design (SD) phase of planning and design. [36] The RSMeans Square Foot Costs book organizes building costs according to the 7 divisions of the UNIFORMAT II classification system. [37]
New construction price per square foot: $143.82 Methodology: For this study, GOBankingRates analyzed places in the Southern United States to find the lowest cost per square foot for a new home.
Comparison of floor area ratio (FAR) or floor space index (FSI) and building coverage ratio (BCR) Floor area ratio (FAR) is the ratio of a building's total floor area (gross floor area) to the size of the piece of land upon which it is built. It is often used as one of the regulations in city planning along with the building-to-land ratio. [1]
Hong Kong law Chapter 123F, Building (Planning) Regulations, Regulation 23 sect 3 sub-paragraph (a) defined that: Subject to sub-paragraph (b), for the purposes of regulations 19, 20, 21 and 22, the gross floor area of a building shall be the area contained within the external walls of the building measured at each floor level (including any floor below the level of the ground), together with ...
A typical analysis of build-out might start with 10 acres (40,000 m 2) of land with a proposed density of 4 dwelling units per acre. A simple multiplication (10x4) would produce a build-out of 40 units. A more complex analysis might deduct .75 acres (3,000 m 2) for 660 feet (200 m) of 50-foot (15 m) road right-of-way (ROW).
A Allocation of costs is the transfer of costs from one cost item to one or more other cost items. Allowance - a value in an estimate to cover the cost of known but not yet fully defined work. As-sold estimate - the estimate which matches the agreed items and price for the project scope. B Basis of estimate (BOE) - a document which describes the scope basis, pricing basis, methods ...
An estimate in February 2007 placed the initial construction cost of One World Trade Center at about $3 billion, or $1,150 per square foot ($12,400/m 2). [62] In January 2008, two cranes were moved onto the site. Construction of the tower's concrete core, which began after the cranes arrived, [61] reached street level by May 17.
The third and final approach to value is the Cost Approach to value. The Cost Approach to value is most useful in determining insurable value, and cost to construct a new structure or building. For example, single apartment buildings of a given quality tend to sell at a particular price per apartment. [13]
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