B 1.2.3 Estimated Project Cost

The capital cost for this sample project is estimated to be PhP209,857,724 million. This figure includes site development works, building structural systems, foundations, building circulation core (hallways, toilets, lobbies, etc.), vertical circulation systems, fire protection, architectural exterior and interior finishes, exterior lighting and landscaping, and provisions for tenant electrical, mechanical, communication and information systems. A breakdown of the budget estimate is shown in Table 3-12.

Items not included in Cost Estimate

• Specialized equipment and systems that enhance building functions, such as computers and telecommunication systems

• Land acquisition which is the responsibility of the LGU concerned

The capital cost estimates for this project are based on "high end" unit prices for construction. These account for extra conduits for telecommunications and power, fixtures for specialized equipment, and generously-sized climate control features, all of which contribute to the "smart" building concept. These premiums raise the capital cost of the project by about 5 to 8 percent.

Table 3-12: Government Administrative Center Project Cost in Pesos

Cost Item

Unit Cost

Total Cost

1. Building Structure

1.1 Office modules

85,428,000

1.2 Circulation/ utility core

32,092,000

1.3 Specialized functions module

- EDP offices

6,272,000

- Telecommunication offices

7,119,000

- Seminar/training facilities

6,102,000

- Records keeping/storage facilities

5,339,250

1.4 Fire protection

4,520,000

1.5 Water storage tank (300 gallons)

596,640

Total Building

157,468,890

2. Site Development Works

Earth works

791,000

Pavement works

2,079,200

Drainage system

565,000

Perimeter fencing

1,082,766

Landscaping (hard and soft)

9,075,708

Total Site Development

13,593,674

3. Sewerage System

Septic Vault

1,695,000

Sub-Surface Water Infiltration System (SWIS)

679,808

Total Sewerage System

2,374,808

4. Ancillary Equipment

Elevators

24,860,000

Air-conditioning for specialized modules only

6,475,352

Emergency Generator (450 kva)

5,085,000

Total Equipment

36,420,352

Total Project Cost

209,857,724