While your financial analyst is working on the Year $1$ NOI projection to determine estimated project value, you have been tasked with estimating project cost. This assignment requires you to:

Identify three different methods for estimating the preliminary cost of your development project, recognizing that you only have a basic set of Construction Drawings $($ CD$\text{'}$s$).$

Be specific as you describe how you would approach each method

What resources are available to you?

Who would you talk with?

What questions would you ask?

Please create a construction budget. Identify the general categories that you would use when setting up your preliminary construction budget $($Construction cost codes$).$ For example demolition is $1000,$ electrical is $1,600$ etc. Hint: Make sure to review the resources to identify categories.

Utilize resources shared in this module you are welcomed to add additional citations.