A lab building had completed an addition, in the year of 2019, that cost $3,000,000 when the relevant cost index was 206. Today, when the latest cost index is 269, they wish to build a similar addition which is 50% larger. For this estimate the parametric factor is 0.8.

What is today's estimated cost based on the above?

Answer rating: 100% (QA)

Cost in 2019 3000000 Cost index in 2019 CI2019 206 Todays cost index CIToday 269 Size factor SF 15 ... View the full answer