Preparation of a cost analysis
The
primary purpose for using cost analysis of construction project provides useful
source of cost information. Any form of
cost analysis should be provided in standard way with the following.
Information
on the total project
Summary
of element costs with preliminaries shown separately and also apportioned among
the elements
A
brief specification in element form
Sketch
plans and elevations for the project
The
amplified analysis
Information
of the total project is important as it includes the building type which is necessary
for future analytical purpose of a similar type of project. In addition, the
client, location, tender date, contract particulars, market conditions,
competitive tender list, project details, and brief cost information are provided
under project information section of the cost analysis.
The
following basic principles need to be followed in preparing the cost
analysis
The
qualitative aspects of the project should be expressed by reference to
accompanying specification notes
An
element should be of cost significance
The
analysis should consider the features in different building which have heavy
bearing on cost.
An
element should be easily definable and capable of having the appropriate costs
allocated against it with a minimum of effort on the part user
Other
information relevant to the costs in the analysis should be provided as a
background to these data
