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Vol. 25 No. 7 CONSTRUCTION COST CASE STUDY
The costs for this case study are from a project that IVI has monitored on behalf of a lending institution.
July 2010
Project
Apartment Building
Washington, D.C.
Apartment Building, Washington, D.C.
Size 9-story, 190-unit, 281,245 SFG building with two below-grade parking levels
Site One (1) acre
Schedule 28 months
Delivery Guaranteed Maximum Price
Labor Non-union
Outline Specifications
Site Excavation, grading, utilities, hardscaping, and landscaping
Foundation Cast-in-place foundation walls and mat slab
Superstructure Cast-in-place
Facade Precast panels, brick cavity walls, and aluminum-framed insulated glass window walls
Roof Green roof: planting substrate, filter fabric, stone ballast over modified bitumen membrane
Finishes Carpet flooring; painted gypsum board walls, concrete ceilings in living areas and bedrooms; ceramic tile, painted gypsum board walls and ceilings in kitchen and bathrooms; painted gypsum board walls and ceilings in common areas; stone flooring in lobby; and carpet in corridors
Elevators Two (2) 11-stop geared traction elevators; and one (1) 9-stop geared traction elevator
Sprinklers Dry pipe system in parking levels; and 100% wet pipe system elsewhere
Plumbing Cast iron sanitary waste and vent piping; copper domestic water supply
HVAC Packaged terminal air conditioning units at residential units; split system heat pumps at common areas
Electrical 4,000 amp, 120/208 volt, 3-phase 4-wire service, and a 400kw emergency generator
Direct Cost Synopsis
Trade Rounded Cost Cost
Per Unit
Cost
Per SF
Site Work 3,964,000 20,863 14.09
Subtotal Site 3,964,000 20,863 14.09
General Conditions (8%) 317,000 1,668 1.13
General Contractor Fee (4%) 171,000 900 0.61
Total Site 4,452,000 23,432 15.83
Concrete 11,434,000 60,179 40.65
Masonry 586,000 3,084 2.08
Metals 518,000 2,726 1.84
Carpentry/Drywall 1,564,000 8,232 5.56
Thermal/Moisture Protection 1,008,000 5,305 3.58
Doors/Windows 1,566,000 8,242 5.57
Finishes 4,765,000 25,079 16.94
Specialties 146,000 768 0.52
Equipment 812,000 4,274 2.89
Elevators 735,000 3,868 2.61
Fire Protection 891,000 4,689 3.17
Plumbing 2,645,000 13,921 9.40
HVAC 2,342,000 12,326 8.33
Electrical 5,115,000 26,921 18.19
Subtotal Base Building 34,127,000 179,616 121.34
General Conditions (8%) 2,730,000 14,368 9.71
General Contractor Fee (4%) 1,474,000 7,758 5.24
Total Base Building 38,331,000 201,742 136.29
Total Rounded Direct Cost 42,783,000 225,000 152.00
Cost Distribution
Case Study Pie Chart

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