find new project conceptual cost estimate

Q2. The data provided applies to the schematic of the Coogs office building shown. Use the data provided to prepare a conceptual estimate for this project and to answer the following questions: Construction cost of a similar project =$5,250,000 Old project - typical floor area = 75 X 130ft Old project - number of floors 5 Old project - basements/attic = none Old project - had dewatering problems costing = $150,000 Old project - was built in 2016 in NY, NY New project - will be built in 2018 in Austin, TX New project - construction duration = 8 months New project - will be LEED certified costing = $130,000 Design fees = 5% Insurance premium = 896 Bond cost = 2% Administrative costs = $80,000 per year (2 personnel) Land cost = $1,000,000 The owner can secure an 80% loan at a 9% annual interest rate For size correction, m = 0.8 Year Cost Index New Project Schematic Last Year 155 2 Years Ago 150 4 Floor 3 Years Ago 145 4 Years Ago 130 3" Floor 5 Years Ago 110 6 Years Ago 100 20d Floor CITY COST INDEX 1" Floor Boston 1460 Austin 1278 Unfinished Basement (Underground Garage) Portland 1312 New York 1540 64 x 108 ft