Worked post-tender example
For the purposes of the worked example is based on a new build office building pre-let to a single tenant.
| Lowest tender | £25,000,000 |
| Post-tender negotiations | |
| Firmed up provisional sums | (£75,000) |
| Variations due to further site investigations | |
| Contaminated soil; EO cost of removal of | |
| Hazardous excavated material (2,500m3 @ £250) | £625,000 |
| Client/tenant modifications | |
| Revised entrance fit out | £50,000 |
| Omit fit out of top floor | (£150,000) |
| Total construction costs | £25,450,000 |
| Risk register/allowance | |
| Quantified risk register updated | £1,000,000 |
| Design fees | £3,000,000 |
| Site surveys | £150,000 |
| Legal fees | £150,000 |
| Section 106 contribution | £250,000 |
| Financing costs | £3,000,000 |
| Total project costs | £33,000,000 |