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Estimation of construction cost for

Progress Payments

G J Gardner House, Claremont 195, Victoria, 3677, Australia

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Table of Contents

1. Executive Summary

1.1 Purpose of the Report-----------------------------------------------------------------------------------3

1.2 Estimated Cost-------------------------------------------------------------------------------------------3
1.3 Location---------------------------------------------------------------------------------------------------3
1.4 Builder-----------------------------------------------------------------------------------------------------3
1.5 Location Map of the Subject Area--------------------------------------------------------------------3

2. Description of the Property

2.1 Site --------------------------------------------------------------------------------------------------------4
2.2 Floor Plan------------------------------------------------------------------------------------------------4

3. Locality---------------------------------------------------------------------------------------------------------5

4. Estimation of Construction cost

4.1 Stage 1 – Completion up to ground floor slab--------------------------------------------------6

4.2 Stage 2 – Completion of Brick work, column and Slab-----------------------------------------7
4.3 Stage 3 – Completion of Roof----------------------------------------------------------------------8
4.4 Stage 4 – Completion of Electrical/ Mechanical and tile work------------------------------9
4.5 Comments on work----------------------------------------------------------------------------------10

5. Reccomendation------------------------------------------------------------------------------------------11

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1.1 Purpose of Report

The report is in accordance with the response to the request by the National Australia Bank - NAB, which
releases the credit facilities to the customer. The study is to understand the partial payment done towards the
project as the the project contract goes forward.

1.2 Estimated Cost

The construction cost as estimated is as follows at each stage of construction
Stage 1 – Completion up to ground floor slab = A$ 45,500
Stage 2 – Completion of Brick work for walls, column and Slab = A$ 1, 46,480
Stage 3 – Completion of Roof = A$ 2, 06,350
Stage 4 – Completion of Electrical and Mechanical works for ceiling etc and tile work = A$ 2,
85,000
Total = A $ 6, 83, 330
1.3 Location
Claremont 195, Victoria, 3677, Australia
1.4 Builder
G. J. Gardner Homes

1.5 Location Map of the Subject Area

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2. Description of the Propoerty

This is an under construction project in the Claremont 195, Victoria, 3677, Australia by the G J garner
construction company. The floor area is nearly 195 sq meters. Land area is 500 square meters. The package of
this residential property includes following key features like the house is having the
alfresco, Heating & cooling, Timber Vinyl Planks, Quality in the kitchen & dishwasher that are customade,
they have the high Quality stainless steel equipments, tiled shower bases that are recessed, Floor drains
towards the wet regions, window lock & fly screens, Towel rails, toilet roll & soap holders.

2.2 Floor Plan

 Floor Area: 195 m2
 Land Area: 500 m2

4. Estimation of construction cost

Stages and Progress Payments
The progress payment is scheduled before the actual building is constructed so the basic things that needs to be
checked are:

 Project has passed the building surveyor’s scheduled inspection

 To check if the project meets contract requirements
 When the project is been completed.

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%
Claimed
Item Description Value
to Date
Complete
Original
Subcontract        
Works
1 Completion of Brick work, column and Slab 683,330.00 15.00% 102,499.50
2 Completion of Roof 683,330.00 50.00% 341,665.00
Completion of Electrical/ Mechanical and tile
3 683,330.00 100.00% 683,330.00
work
Subtotal - Original 1,127,494.5
  2,049,990.00 55.00%
Subcontract Works 0

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4.1 Stage 1 completion up to ground floor slab

4.2 Stage 2 completion of Brick work, column and slab

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columns quantity unit rate factor % finished incurred total

concrete          
40 Mpa concrete in columns 16 m^3 320 1 5120
formwork          
formwork to columns 16.5 m^2 150 1 2475
reinforcement          
bar reinforcements 3 t 2300 1 6900
finish          
paint finish to column 26 m^2 400 1 10400
steel columns          
structural steel columns 0.5 t 1000 1 500

4.3 Stage 3 completion of roof

concrete quantity unit rate factor % finished incurred total

40 Mpa concrete in columns 22 m^3 330 1 7260
40 Mpa in beams 9.2   300 1 2760
construction joint 110 m^2 12 1 1320
trowelled bars and beams 110   12 1 1320
general sundries 100 t 19 1 1900
misc production/ hand rails 100   10 1 1000
total concrete structure 15560

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4.4 Stage 4 completion of electrical / mechanical and tile works

tiling quantity unit rate factor % finished incurred total

powder/ bathroom/ ensuite 175 m^3 330 1 57750
kitchen floor tiles 5   300 1 1500
laundry floor tiles 6 m^2 12 1 72
entry floor tile - 450 * 900 vertrified tiles 2   12 1 24
threshold kite 4.5 t 19 1 85.5
wet area waterproofing          
waterproofing system to wet area floors 9 m^2 20 1 180

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4.5 Comments on work

The building constructed is as per the standard level and quality of the constructions. Building lifetime is 50-60
years and materials and methods used for the construction are of high quality and also economic obsolesence,
mainataince costs may be an additional to the users

5. Recommendations
2.
Part A = 8m * 1m = 8 m2
Part B = 1.5m * 4m = 6m2
Part B = 1.5m * 4m = 6m2
Part D = 2.5m * 7.77m = 19.425m2

FLOOR AREA = 315 SQ METERS

SAY = 320 METER SQUARE
Key assumptions made in the construction area findings are as follows:

The prices are retained fixed and these prices of the building materials are not varied during the construction
period.

*Fixed in terms of the Exchange rates

*Labor rules and regulations are fixed

*Assume real estate market is fixed with that no significant fluctuations
*Demand and supply factors retains constant while construction set up time

termite treatment quantity unit rate factor % finished incurred total

powder/ bathroom/ ensuite 175 m^3 330 1 57750
kitchen floor tiles 5   300 1 1500
laundry floor tiles 6 m^2 12 1 72
entry floor tile - 450 * 900 vertrified tiles 2   12 1 24
threshold kite 4.5 t 19 1 85.5
wet area waterproofing          
waterproofing system to wet area floors 9 m^2 20 1 180
slab filling quantity unit rate factor % finished incurred total

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Detailed excavation for ground beams 433 m^3 250 1 108250

50 m sand filing 25   200 1 5000
waterproof membrane 15 m^2 15 1 225
reinforcement in ground slab 10   15 1 150
reinforcement in ground beams 3 t 20 1 60
construction joint 3   10 1 30
general sundries 5 m^2 20 1 100

3.
Cessnock forms the sub region present in the regions of Hunter Valley, this is nearly around 120 km in the
north region of Sydney, located around nearly 40 kms at the West of Newcastle. Cessnock forms the dominant
town with region servicing the nearby township. This township of Cessnock developed forms the service
centre at the junction of north road with several branches across Singleton and Maitland.
There also has a land settlement having grown the wheat, tobacco and grape that forms the essential crop.The
survey shows that these area has the rural residential housing development and weekend retreats which are
very popular.Cessnock city council treats the people of Wonnarua community as their traditional custodians of
their land and start paying the respect to present and future communities.
Australian government has set the plans to adopt certain strategic plans like: great leading regional economy in
Australia, a biodiversity–rich natural environment, highly thriving communities and great housing choices and
job facilities.The local strategic planning of Cessnock lies in adopting the clear cut planning priorities, set of
defined principles that can ensure to accommodate varied population and their growth, aim towards supporting
the economic development and prevent the environment from damages and also the rural landscapes, diverse
heritage and unique social assets in the region
Herewith I have attached three house plans which were obtained from CASAVIEW HOMES which is a
leading real estate company in Australia. According to these three different plans, there are some similarities
such as no of bed rooms, no of bath rooms, no of living area and garage etc. But there are some differences as
well. Following table illustrates the similarities and differences in the three different house plans

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4 Bedrooms Plan with detailed design for each rooms including the master room

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Bath / Washroom Plan

Floor Planning

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