1. Provide an Indicative (Elemental Cost Plan) for the two design options
(Scheme A and Scheme B); As only conceptual design information is available,
certain assumptions will need to be made within the cost plan in regards to structure,
finishes and fittings, services, etc.. The indicative cost plan should include the
following:
– Construction costs (at stated base date, May 2022)
– Estimated inflation to probable tender date of October 2022
– Estimated increased costs payable to contractors during the construction period
(2022-2024)
– Contingencies
– Professional fees
– Any omissions or exclusions from the estimate.
2. Compare the two options to make a recommendation base on cost merits. Reasons and
rationale for the best scheme need to be detailed.
