The prefeasibility estimate prepared by the College Quantity Surveyor or under advice from external Cost Manager, based on the client brief to include:
- £/m2 or construction for each option including the main contractor preliminaries, overheads and profit and allowance for pre-construction services
- Professional fees
- Initial surveys and investigations
- Contingency
- Inflation/deflation
- Decant and/or relocation costs
- Fittings, furniture and equipment
- Active ICT and AV equipment
- Initial estimate of VAT (as advised by the Imperial College London VAT Team)
- Assumptions and exclusions
VAT on standard rated goods, services and construction should be allowed at the standard internal Imperial College London rate of 17% and should be confirmed with the College VAT Team.
Initial estimate of costs (Stage 0)
Responsibility
Internal Quantity Surveyor, Cost Manager
Output
Initial feasibility estimate