Table of Contents

• Architect and Engineering
• Building Permit
• Construction Loan
• Real Estate
• Temporary Utilities
• Job Site Facilities
• Bonds and Insurance
• Job Site Supervision

Architectural and Engineering Cost Estimate

Line items in this section of the Worksheet:

• Architect Fees
• Plan Fees
• Soil Testing
• Survey

If not mentioned in the Scope of Work, the cost of these items will be pre-populated in the workbook. Architectural fees are not required because you will be purchasing a plan from a plan service.

These costs are typically project-dependent. Check the Preconstruction Analysis or contact the Project Manager.

Survey Estimating Process

1. Identify lot type.
2. Reference the National Construction Estimator, Industrial and Commercial Division Contents, 01 General Requirements, Surveys.
3. The total cost next to the correct lot is the figure to enter in the estimate.

The lot type will be pre-populated in the workbook. The page to reference in the 2018 NCE will also be included in the workbook as a note.

Building Permit Cost Estimate

Most fees for the various building permits depend on the valuation of the finished building. To estimate these futures, you first need to compute the square footage of the building and value it per square foot. This will allow you to determine the fees based on the local government’s permit cost tables.

Use the Basic Info numbers to populate the header of this section of the workbook.

How Permit and City Fees are Estimated

These figures are found through public information on the jobsite’s governing body’s website (eg. rexburg.org/city-fees).

This section will be pre-populated in the workbook.

See Building Permits in the preconstruction Section of the Reference Book for an explanation of the various fees associated with these cost items.

Construction Loan Cost Estimate

Line items in this section of the Worksheet:

• Origination Fee
• Interest Reserve
• Appraisal Fee
• Inspection Fee
• Title Insurance

Most fees for the construction loan will either be fixed cost items or calculated from the loan amount, term, interest rate, etc. To estimate these figures, you first need to set the terms of the loan. If available, reference the preconstruction Analysis document, or visit the website of the company’s bank to see the latest loan interest rates (eg. beehive.org/rates).

See Construction Loans in the Preconstruction Section of the Reference Book for an explanation of the various fees associated with this cost item.

Real Estate Cost Estimate

Line items in this section of the Worksheet:

• Lot Price
• Real Estate Commission
• Inspection Fee
• Title Insurance
• Legal Fees

It is a common practice to purchase a building lot and sell it to the owner at a markup, minus real estate commission. Find the lot price to estimate real estate fees.

The commission and markup will be pre-populated in the workbook. See Real Estate in the preconstruction Section of the Reference Book for an explanation of the various fees associated with this cost item.

Temporary Utilities Cost Estimate

Line items in this section of the Worksheet:

• Temporary Power
• Electricity
• Gas
• Water

The cost items, details, and units will be provided by the Project Manager and pre-populated in the workbook. Most of these items are estimated using rates from the National Construction Estimator.

See Temporary Utilities in the preconstruction Section of the Reference Book for an explanation of the various cost items that fall under this category.

Job Site Facilities Cost Estimate

Line items in this section of the Worksheet:

• Field Office
• Field Office Setup
• Field Office Pickup
• Electrical Hookup
• Field Office Delivery
• Storage Facilities
• Sanitary Facilities

The cost items, details, and units will be provided by the Project Manager and pre-populated in the workbook. Most of these items are estimated using rates from the National Construction Estimator.

See Job Site Facilities in the preconstruction Section of the Reference Book for an explanation of the various cost items that fall under this category.

Bonds and Insurance Cost Estimate

Line items in this section of the Worksheet:

• Bonds
• Insurance

There are multiple types of bonds and builder’s insurances. They are typically calculated as a percentage of the bid total.

See Bonds and Insurance in the preconstruction Section of the Reference Book for an explanation of the various cost items that fall under this category.

Job Site Supervision Cost Estimate

Line items in this section of the Worksheet:

• Supervision

The cost depends on the yearly wage of the employee supervisors, the duration of the project, and the time those supervisors will spend on the job. Ensure the employee database is current to calculate the most accurate estimate possible.