Question: Make cost baseline for the following table Cost code Activity Cost ($) Cost/area ($/sqm) 01.00.00 DEMOLITION 01.10.00 Existing house demoliation 30,000.00 60.00 02.00.00

Make cost baseline for the following table 

Cost code Activity Cost ($)Cost/area ($/sqm)
01.00.00DEMOLITION  
01.10.00Existing house demoliation30,000.0060.00
02.00.00SITE WORKS AND FOUNDATIONS  
02.10.00Site Cut (Scrape & remove vegetation & excess spoil from site up to 15 loads)3,000.006.00
02.40.00Ground  floor slab and footings/foundation65,000.00130.00
03.00.00BRICKWORK, MANSORY & EXTERNAL CLADDINGS  
03.10.00Ground floor walling60,000.00120.00
03.20.00First floor cladding48,000.0096.00
04.00.00ROOFING  
04.10.00Concrete Tiled Roof24,000.0048.00
04.30.00Box Gutters3,000.006.00
04.40.00Flashings & rain heads3,200.006.40
05.00.00FRAMING  
05.30.00Metal fabrications20,000.0040.00
05.40.00Structural wooden framing100,000.00200.00
05.50.00Architectural woodwork25,000.0050.00
07.00.00THERMAL AND MOISTURE PROTECTION  
07.20.00Thermal protection4,000.008.00
07.30.00Flashing and sheet material1,000.002.00
07.40.00Fire and smoke protection3,000.006.00
07.50.00Damp proofing and water proofing4,500.009.00
07.60.00Joint protection1,000.002.00
08.00.00OPENNINGS  
08.10.00Doors and frames30,000.0060.00
08.30.00Specialty doors and frames18,000.0036.00
08.40.00Entrances30,000.0060.00
08.50.00Windows20,000.0040.00
08.70.00Hardware6,000.0012.00
09.00.00INTERNAL WALL AND CEILING LININGS  
09.20.00General walling (10mm plasterboard)20,000.0040.00
09.30.00Wall wet areas10,000.0020.00
09.50.00Cornice3,000.006.00
10.00.00GARAGE  
10.10.00Walling7,000.0014.00
10.20.00Floor5,000.0010.00
10.40.00Main vehicle access door1,600.003.20
10.50.00Automated door lifter3,000.006.00
11.00.00FIXINGS  
11.10.00Architraves2,500.005.00
11.20.00WIR shelving1,800.003.60
11.30.00wardrobe shelving7,000.0014.00
12.00.00CABINETS  
12.20.00Kitchen Cabinet1500030.00
12.30.00Laundry Cabinets750015.00
12.50.00Kitchen Bench Top900018.00
14.00.00PLUMBING  
14.10.00Plumbing BOM and installations15,000.0030.00
15.00.00STAIRS & BALUSTRADES  
15.10.00Stairs, balustrades and installations15,000.0030.00
16.00.00PAINTING & FINISHING  
16.10.00Interior finishes5,000.0010.00
16.20.00Exterior finishes12,000.0024.00
17.00.00ELECTRICAL  
17.10.00Underground supply (single phase)4,000.008.00
17.20.00Internal lighting5,000.0010.00
17.30.00Ceiling exhaust fans2,000.004.00
17.50.00Powerpoints6,000.0012.00
18.00.00WALL & FLOOR TILING  
18.10.00wall tiling800016.00
18.20.00Floor tiling1000020.00
19.00.00FLOOR COVERINGS  
19.10.00Carpet15,000.0030.00
19.20.00Carpet underlay10,000.0020.00
19.40.00Floorboards36,000.0072.00
20.00.00HEATING & COOLING  
20.10.00Split Systems cost and installation10,500.0021.00
21.00.00CONCRETE PAVING  
21.10.00Driveway6,000.0012.00
21.20.00Crossover and Footpath restatement15003.00
22.00.00FENCING  
22.10.00Dividing Fence800016.00
22.20.00Boundary Fence1700034.00
23.00.00LANDSCAPING & DECKING  
23.10.00Landscaping40008.00
23.20.00Decking1800036.00
24.00.00BUILDER CLEAN  
24.10.00Builder clean20004.00
    
 SUBTOTAL DIRECT COST799,100.001,598.20
    
 Design contingency (10% of direct cost)79,910.00159.82
 Project management (7% of direct cost)55,937.00111.87
 Administration and legal (3% of direct cost)23,973.0047.95
 Insurance 2,500.005.00
    
 SUBTOTAL INDIRECT COST162,320.00324.64
 TOTAL PROJECT COST (for BCC)961,420.001,922.84
 Profit (10%)96,142.00192.28
    
 TOTAL PROJECT PRICE (for client)1,057,562.002,115.12

consider following changes for the cost baseline:

  • Permit fees increased by 10%.
  • The parties acknowledge that any delay they cause results in a monthly penalty of 5% of the contract price for the delayed parts.
  • The initial building size has been augmented from 500 sq m to 550 sq m in accordance with the client's specifications. The rough estimate for this activity is around $16,000 ± 20%.
  • A structural steel frame has taken the place of the previous wooden frame, and the associated cost is now $120,000.
  • Temporary fencing costs $8,000 for appliances.
  • According to a recent quote from the insurance provider, the insurance cost has risen to $10 per square meter.
  • According to ABS (2021), by December 2021, input prices for house construction had increased by 3.8%.

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