Instructor's Manual to Accompany Project Management for Engineering and Construction 2nd Edition by Oberlender

Exercise 6

Prepare a lost estimate for the construction of a small, high quality, office building that contains 18,525 square feet of floor area. Use the data in Table 5-1 to prepare the estimate. Assume the cost of design for the project is 7% of construction, and a site-work cost of $180,000. What range or percentage of this cost would you recommend to define the level of accuracy