Assessment task details and instructions Scenario Your client is considering purchasing the former Dingle Car Garage at the corner of Apsley Street and Wellington Street in Stockport. The site has a history of development evolution, from a brewery store, chemical factory to car garage which closed in 2017, since this time the site has remained disused. The site is within the Market and Underbank conservation area, and there is considerable support from the local community for the site to be regenerated. Your client intends to clear the site and construct a 4 storey apartment block with a total gross internal floor area (GIFA) of 3,201 m2 together with associated roads and parking. Your Client is proposing 34 apartments, a mix of 1 and 2 beds for the private rental sector. The project will be tendered in the open market during the fourth quarter of 2021, based on a D&B package with an amended JCT D&B 2016 contract. It is essential the client achieves as much cost certainty as possible through aggressive risk transfer. Construction is anticipated to start in second quarter of 2022 and be completed within 18 months. Task 1 - 70 marks In order to establish a cost limit for the proposed development you have obtained average prices for flats/apartments, published by the BCIS in December 2020 and rebased for Stockport, 402020. These are displayed in table 1.1 Table 1.1 BCIS Average Price Data for Apartments Maximum age of results: Default period Building function Em*gross internal floor area (Maximum age of projects) Mean Lowest Lower quarties Media Upper quartiles Highest New build 816. Flats (apartments Generaly (15) 1435 1-2 storey (15) 1301 1503 2.430 3-5 storey (15) 1413 1.100 1359 159) 2005 586 6 storey or above (15) 1732 1055 1400 1692 Samge 712 1.619 498 193 1.160 904 215 1361 712 Prepare a 1,750 word report discussing the possible site and design factors that could explain the variance in prices provided using the proposed site to inform your discussion. You are writing for a technically aware audience. Your report should include a minimum of 5 citations, these references should be recorded using the Harvard APA 6 Style. Task 2 - 30 marks Your client has asked you to produce a stage one cost estimate (order of cost estimate) report for the proposed project. This should be based on the standard format outlined in NRMI, using the data in table 1.1 and your own research, identifying all assumptions that you make. Assessment task details and instructions Scenario Your client is considering purchasing the former Dingle Car Garage at the corner of Apsley Street and Wellington Street in Stockport. The site has a history of development evolution, from a brewery store, chemical factory to car garage which closed in 2017, since this time the site has remained disused. The site is within the Market and Underbank conservation area, and there is considerable support from the local community for the site to be regenerated. Your client intends to clear the site and construct a 4 storey apartment block with a total gross internal floor area (GIFA) of 3,201 m2 together with associated roads and parking. Your Client is proposing 34 apartments, a mix of 1 and 2 beds for the private rental sector. The project will be tendered in the open market during the fourth quarter of 2021, based on a D&B package with an amended JCT D&B 2016 contract. It is essential the client achieves as much cost certainty as possible through aggressive risk transfer. Construction is anticipated to start in second quarter of 2022 and be completed within 18 months. Task 1 - 70 marks In order to establish a cost limit for the proposed development you have obtained average prices for flats/apartments, published by the BCIS in December 2020 and rebased for Stockport, 402020. These are displayed in table 1.1 Table 1.1 BCIS Average Price Data for Apartments Maximum age of results: Default period Building function Em*gross internal floor area (Maximum age of projects) Mean Lowest Lower quarties Media Upper quartiles Highest New build 816. Flats (apartments Generaly (15) 1435 1-2 storey (15) 1301 1503 2.430 3-5 storey (15) 1413 1.100 1359 159) 2005 586 6 storey or above (15) 1732 1055 1400 1692 Samge 712 1.619 498 193 1.160 904 215 1361 712 Prepare a 1,750 word report discussing the possible site and design factors that could explain the variance in prices provided using the proposed site to inform your discussion. You are writing for a technically aware audience. Your report should include a minimum of 5 citations, these references should be recorded using the Harvard APA 6 Style. Task 2 - 30 marks Your client has asked you to produce a stage one cost estimate (order of cost estimate) report for the proposed project. This should be based on the standard format outlined in NRMI, using the data in table 1.1 and your own research, identifying all assumptions that you make