CON 383 – Construction Estimating
Assignment: Conceptual Estimating
Value: 15 points
Perform a conceptual estimate for a 355,000 sf office building to be constructed in Phoenix, AZ. The building will be completed in September 2020.
As a comparable you have identified a building with the following characteristics:
- Size: 305,210 sf
- Location: Denver, CO
- Completion Date: June 2001
- Cost: $36,679,378
Using indices below, adjust for size, time, and location to find the conceptual estimate cost for the new building to be built in Phoenix, AZ.
Time Factors:
- Jun2001 = 3572
- Nov 2015 = 5510
Location Factors:
- Phoenix, AZ = 88.7
- Denver, CO = 94.3
Size Factors: (See attached table)