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




