Question 1

Your new residential development project has commenced the design stage and your client has requested for the preliminary cost plan to be based on the condominium project completed in 2019. Below is the cost plan for the said completed project with a total GFA of 50,000m 2 awarded in 3Q 2016.

Proposed Project Brief:

The total GFA for the project is 75,000m2 with an additional 25,000m 2 basement carpark. References
• Appendix 1 – Cost references of Singapore Construction Cost Data.
• Appendix 2 – BCA Tender Price Index

(a) State FIVE (5) assumptions in your cost estimate for the total construction cost.
(b) Prepare the elemental cost plan for the proposed development showing the elemental rates and the elemental cost for the proposed development.

(c) Derive the project unit rates for the estimated construction cost:
(i) Cost per GFA
(ii) Cost per CFA

Question 2

(a) Explain the factors contributing to the substantial increase in the construction cost unit rate as compared to the past project based on the elemental cost plan, Figure Q1.

(b) Advise the client on the value engineering option(s) to optimize the carpark provision
for the project. In your advice, you are to explain the options and indicate the potential
cost savings and assumptions based on your recommendation(s)