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Total Project Cost

Probable total cost is the approximation of the cost of a program, project, or operation. It is the main concern of the client throughout the planning design and construction phases of a project.

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Kris Paolo Camias
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3K views7 pages

Total Project Cost

Probable total cost is the approximation of the cost of a program, project, or operation. It is the main concern of the client throughout the planning design and construction phases of a project.

Uploaded by

Kris Paolo Camias
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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TOTAL PROJECT

COST
Section 5

Probable total costis the approximation of the cost of a program,project,


or operation. It is the main concern of the client throughout the planning
design and construction phases of a project. Probable total cost often
used to establish budgets for a typical project, is made up of:

Professional Engineering Cost.


Construction Cost
Legal and Land costs
Owners cost (project administration , staffing,
financing, and other overhead)
Contingency Allowance for unknowns.

PROFESSIONAL ENGINEERING
COST
Civil engr. Engaged to study & render planning
report on the contemplated project
Study & report phase includes cost for field surveys,
planning analysis, geotechnical exploration analysis
in addition to direct engineering cost.
Cost of coordination, evaluation implementation
and compliance increased correspondingly
study and report phase is important because its
implementation determines the scope and
development of the entire project.
In final design and construction phase services like
surveying and geotechnical engineering is needed.

CONSTRUCTION COST
Thecostofalltheconstructionportionsofaproject,
generallybaseduponthe
sumoftheconstructioncontract(s)andotherdirect
constructioncosts;doesnotincludethecompensati
onpaidtothearchitect
andconsultants,thecostoftheland,right-ofway,orother costswhicharedefinedinthecontract
documentsasbeingtheresponsibilityoftheowner.

LEGAL AND LAND COST


These cost includes the issuing of
pledges, audits, cost of the land and the
interests of the lent money throughout
the construction. And can be best
estimated in collaboration with the
customers because they are frequently
outside the understanding and control of
the Civil Engineer.

OWNERS COST
These costs, which includes :
Staffing

project administration

financing and;

other overhead

CONTINGENCY ALLOWANCE
A contingency may be included in an estimate to provide for
unknown costs which are indicated as likely to occur by
experience, but are not identifiable. When using an
estimate which has no contingency to set a budget or to set
aside funding, a contingency is often added to improve the
probability that the budget or funding will be adequate to
complete the project. Being unable to complete a project
risks public ridicule.The estimate or budget contingency is
not intended to compensate for poor estimate quality, and
is not intended to fund design growth, owner changes, or
anything else unrelated to delivering the scope as defined
in the estimate documentation. Generally more contingency

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