The document estimates the total project cost to be P6,848,500 based on calculating the enclosed floor area cost at P5,240,000, covered floor area cost at P600,000, and open floor area cost at P1,008,500 and summing them. It then calculates the professional services fee as 10% of the total cost, or P684,850. The estimated total project cost is the sum of the statement of probable project construction cost and professional services fee, which is P6,848,500 + P684,850 = P7,533,350.
The document estimates the total project cost to be P6,848,500 based on calculating the enclosed floor area cost at P5,240,000, covered floor area cost at P600,000, and open floor area cost at P1,008,500 and summing them. It then calculates the professional services fee as 10% of the total cost, or P684,850. The estimated total project cost is the sum of the statement of probable project construction cost and professional services fee, which is P6,848,500 + P684,850 = P7,533,350.
The document estimates the total project cost to be P6,848,500 based on calculating the enclosed floor area cost at P5,240,000, covered floor area cost at P600,000, and open floor area cost at P1,008,500 and summing them. It then calculates the professional services fee as 10% of the total cost, or P684,850. The estimated total project cost is the sum of the statement of probable project construction cost and professional services fee, which is P6,848,500 + P684,850 = P7,533,350.