Total Project Cost
• Construction Cost Components
• Group 5
• Total Project Cost refers to the overall amount
required to complete a construction project.
Professional Engineering Costs
• • Planning and feasibility studies
• • Architectural and engineering design
• • Surveys and investigations
• • Project management and supervision
Construction Costs
• • Materials
• • Labor
• • Equipment
• • Site preparation
• • Actual construction works
Legal and Land Costs
• • Land acquisition
• • Legal fees
• • Permits and licenses
• • Taxes and documentation
Owner’s Costs
• • Administrative expenses
• • Financing costs
• • Insurance
• • Overhead expenses
Contingency Allowance
• • Covers unforeseen conditions
• • Price escalation
• • Design changes
• • Risk and uncertainty management