Building Economics

  

 

 

 

Building Economics

 

Student Full Name

Institutional Affiliation

Course Full Title

Instructor Full Name

Due date

Building Economics

 Procurement

Cost estimation for Central Kitchen Building

Estimated expected profit

The total area for the proposed site is 1.7 ha(17000m2) The central kitchen building estimated area= 5100m2
The profit estimation breakdown A.    Proposed total cost B.    Financing cost C.    Overhead and general cost D.    Marketing cost E.    Expected profit	Estimated cost a.     £11,282,952 b.     £148,780 c.     £287,226 d.     £141,821 e.     £280,752
Construction cost breakdown                                      Expected costs
1.     Construction permits 2.     Impact and environmental fee 3.     Water and sewer inspection 4.     Excavation foundation and backfill 5.     Framing and trusses 6.     Sheathing 7.     Windows 8.     Exterior doors 9.     Interior doors 10.  Stairs 11.  Gutters and downspouts 12.  Plumbing 13.  Electrical wirings 14.  Lighting fixtures 15.  HVAC 16.  Insulation 17.  Drywall 18.  Painting 19.  Cabinets 20.  Trim materials 21.  Tiles and carpets 22.  Landscaping and sodding 23.  Wood deck patio 24.  Cabinets and countertops 25.  Another contingency cost	1.     £122,564 2.     £43,654 3.     £76,754 4.     £3,334 5.     £9,768 6.     £6,789 7.     £8,904 8.     £1,245 9.     £67,778 10.  £98,766 11.  £45,667 12.  £45,765 13.  £6,677 14.  £87,643 15.  £45,453 16.  £61,234 17.  £23,412 18.  £34,213 19.  £67,432 20.  £8,123 21.  £3,214 22.  £4,354 23.  £7,890 24.  £56,754 25.  345,565
Total cost	£11,282,952

            The economic advantage of investing in such a project is valid because the building would realize a profit of close to 300 000 euros annually. The building of the structure is speculative in that the users are unknown. Real estate developers, property owners, and potential tenants do not sign a lease agreement before construction begins on anything speculative. And one is presuming that given the market has X, Y, and Z demand drivers and determinants, they will likely be able to secure a renter before the property has completed construction. The investment is profitable if the owner could use inexpensive materials in the central kitchen building that are classy to make the kitchen look attractive.

 

Central Kitchen Building Outline

There is no such thing as a one-size-fits-all solution for kitchen space. So, how can one choose the optimal layout without considering variables such as the chef’s demands, whether or not one wants their kitchen to be a social center and the necessity for a nearby eating area? These considerations weigh significantly on their choice to pursue one design concept over another. In addition, the limited square footage sometimes affects the final design (Bröchner, 2018, p. 09). If one does not have a custom-built house, they will have to make do with the quantity and arrangement of accessible space to devise a plan. In this post, they will learn about the most typical kitchen layouts and how to make them more useful and aesthetically appealing. The two parallel walls of a corridor-style kitchen are about 48 inches apart when the cabinets are fitted. Corridor kitchens are popular in corridors, flats, and even some smaller single-family homes. They are narrow and tight. Corridor-style kitchen layouts are good since they make it easy to access all of the required facilities. Kitchens in corridor-style houses make greater use of available floor space since they may be hidden from view.

 

Figure 1

 

 

 

 

          

The proposed Kitchen outline shows a rough delimitation of the kitchen plan as proposed

Program

As shown below, certain takes within the construction period start with the project and go on for quite some time. For instance, collecting data on the environmental impact starts from the pre-construction face, during, and after the project’s implementation. The main reason for this program is to help the planner to buy materials and bring necessary equipment on site.

 

Figure 2

The construction project schedules show when an activity starts and when they are expected to end.

Issues

Planning implications

For years, the construction company has been known for spending more than budgeted and having completion dates that are longer than planned. These things have been especially true in large public construction projects, where cost overruns and delays have become the norm for a long time now. Expense overruns have become a significant financial risk for both customers and contractors. They also affect how profitable the project will be in the long run. Academics, auditors, and people in the field have come up with a wide range of solutions, from technical and financial to psychological and political. As a result, the contractor’s role has been given more attention than the client organization’s. In the construction phase, this construction proposal considers the public client’s concerns about cost overruns and delays in the project’s timetable when making the plan. In addition, it looks at the effects of cost overruns and time delays to give a complete picture of how the client’s work affects their costs, time, and sustainability needs.

Socio-Economic Issues

The social-economic issue under the context of the construction of a central kitchen building in such an extensive, reasonably isolated place includes; affordability, consumers price regulations and constraints that come with price regulations, and finally, the social acceptability of the project. The proposal preempts future customer demand for urban development and aims to tap into the potential markets. The socio-economic issue brought about by this proposal is the future acceptability of the project. It comes up with contingency plans to make the central kitchen building be straightforward t convert for the various issue in case the idea of using the allotted room fail to sell or become obsolete for future generations.

Health and Safety in Surrounding Areas.

The construction sector is known to contribute significantly to environmental pollution. Therefore, this project proposes using a green building approach to avert health risks before, during, and after the construction of the infrastructure. The Safety of the construction workers will be closely monitored, and the proposal suggests the use of paramedics to respond to construction injuries. Furthermore, during are suggestions to use materials that do not produce a lot of dust during construction and minimize noise pollution. Such will safeguard the health and Safety of the surrounding.

 

Reference

Bröchner. J (2018) Construction economics and economics journals. Construction Management and Economics, 36:3, 175-180, DOI: 10.1080/01446193.2017.1410197