[1.4.1] CONCEPT COST PLAN

The cost estimate prepared at the Concept Design Stage is called a “Concept Cost Plan”.

During the Concept Design Stage, preliminary design information such as site plans, floor plans, overall building elevations/sections, area schedules, building services systems, 3-D images of the project are usually provided.

The Concept Cost Plan is normally structured in an elemental/sectional format which is primarily worked out on the basis of $/m2 CFA, cost per functional unit ($/retail space, $/car parking space, $/room space etc.)