Need a wall removed or an extension built but don't know how much it will cost? No matter what the job, Property Services can provide your department with a professional cost estimate for building, renovating or maintenance projects.
Contact your Facility Manager for assistance.
|Estimates||Description||Typical estimate tolerance|
|Programme Figure||This is a broad figure given at conceptual discussion for feasibility||+/- 50%|
|Rough Order of Costs (R.O.C)||A figure usually given based on cost for similar work. May be square metre rates (m2)||+/- 30%|
|Preliminary Assessment of Costs (P.A.C)||This estimate had been prepared based on preliminary design documentation||+/- 20%|
|Final Estimate of Costs (F.E.C)||An estimate based on final developmental design and documentation normally to consenting standards||+/- 10%|
|Quotation / Fixed Price|
A fixed price quote given to a third party prior to being commissioned for the works.
The quoted sum will include allowances if necessary for contingencies and risk
Also a fixed price, but is used when more than one supplier is competing for a contract.