Cost Matrix
Soft Costs
Soft Costs • Schedules • Gross Land Area • Office T.I.'s • Industrial / R&D • Retail Projects • Multi-Story • Single-Story
Description | Notes |
---|---|
Land Costs: | --- |
Title, Insurance, Closing Cost: | Estimate at 5% of land purchase amount. |
Property Taxes: | Estimate at 1% per year of land purchase amount. |
Design Fees: | Estimate at 4.00 to 6.00 p.s.f.; Architectural, Structural, Civil Engineering, Landscape, M.E.P's |
Special Design Fees: | Soils report, traffic studies, environmental/wetland studies, lot split / abandonment costs, off-site improvement design fees |
Governmental / Permit Fees: | Varies depending on jurisdiction; 5.00 to 25.00 p.s.f. |
Infrastructure Fees: | Electrical, gas, water, storm drain fees |
Management Fee: | Varies depending on extent of project management |
Commisions Land: | --- |
Commisions T.I.'s: | --- |
Commisions Sale of Building: | --- |
Lean Cost (Pt. & Fees): | Estimate loan amount times .006 |
Builders Risk Insurance: | --- |
Legal Fees: | Total project cost times .0005 |
Accounting Fees: | Total project costs times .002 |
Interest Carry on Land: | --- |
Interest Carry on Shell Construction: | Construction loan amount times 60% of shell construction time period |
Interest Carry, Lease Up: | 6 months to 1 year of lease up period |
Contingency: | Typically, your lender would like to see a contingency equal to 5% of hard costs. |
Note: Surveying, special inspections, erosion control, and SWPPS are considered hard cost items, but are items frequently carried by the owner / developer in lieu of the general contractor.