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Keep up to dateThe budget checklist | ||
1 Site conditions and constraints | ||
Is the site clear? | ||
Do the buildings to be demolished contain asbestos? | ||
Is the land contaminated? | ||
What are the ground conditions? | ||
What are the site contours? | ||
Can existing materials be salvaged? | ||
Certain of these costs could be offset against the land purchase price. | ||
Typical overall budget provision | 5-10% | |
2 Buildings : income and non-income generating | ||
Building types and uses | ||
offices/residential | ||
low rise/high rise | ||
mixed use towers | ||
alternative specifications | ||
net to gross efficiencies | ||
Typical overall budget provision | 75-90% | |
Allocation split is: buildings 80-90%, car parking 5-10% and external works 5-10% | ||
3 On-site infrastructure | ||
Estate/secondary roads | ||
Mains services | ||
Infrastructure network | ||
Public open spaces and parkland | ||
Typical overall budget provision | 5-10% | |
4 Off-site infrastructure, network and neighbourhood characteristics | ||
Surrounding road network | ||
Site access points | ||
Bridges | ||
Mains services diversions and reinforcements | ||
Restrictions imposed by neighbours/covenants | ||
Typical overall budget provision | 0-5% | |
It is essential to consider the four elements in the checklist included here. If the relative proportions of the masterplan differ greatly from these percentage allocations, then the scheme is either unviable, an exceptional opportunity, or it is one to be re-analysed. |
The costs of car parking | |
At grade | £1500 - 2000/space |
In landscaped courtyards | £2500 - 3500/space |
Undercroft | £5000 - 7000/space |
Semi-basement | £8000 - 11,000/space |
Semi-basement under podium | £11,000 - 14,000/space |
Full basement | £15,000 - 20,000/space |