Question: Create a basic construction budget model in include the below components. What is the construction Cost? How much is the purchasing Agent Fee $ ?
| Create a basic construction budget model in include the below components. What is the construction Cost? How much is the purchasing Agent Fee $ ?
|
| Construction | $1,000,000 |
| Construction OH&P, Insurance | 6% of Construction Costs |
| Pre-Opening Marketing | $20,000 |
| Pre-Opening Labor | 5 Staff, $100/hour, 6 months |
| FF&E- Case goods | $150,000 |
| FF&E- Wallcovering | $20,000 |
| FF&E- Carpet | $10,000 |
| FF&E- Window Coverings | $5,000 materials, $1,000 install |
| FF&E- Purchasing Fee | 4% of FF&E Costs (note: do not include IT costs or Warehouse/Tax/Freight in subtotal FF&E Costs for this calculation) |
| FF&E- Warehouse, Tax, Freight | 21% of FF&E Costs (use same calculation as above for subtotal FF&E costs and do not include Purchasing Fee) |
| IT Cabling | $100,000 |
| IT Equipment | $50,000 |
| Project Management | 4% of Construction Costs |
| Permits | $75,000 |
| Legal Fees | $160,000 |
| MEP Engineer Fees | $25,000 |
| MEP Engineer Reimbursable | $5,000 |
| Architect Fees | $50,000 |
| Architect Reimbursable | $25,000 |
| Contingency | 10% of Construction + FF&E (include IT with FF&E) + Professional Fees |
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