19 MAR 2018
The recently tendered contract for the £6.6m Feldon Valley Golf Club development in Banbury, Oxfordshire, consisted of a new hotel, clubhouse extension and refurbishment, and 4Nr 3-bedroom multi-occupancy lodges, together with external works. The project was submitted by Selway Joyce Partnership.
BCIS regularly receives projects where the contract comprises buildings with different functions These are analysed as Complex Contracts within the BCIS database. Every effort is made to prepare a separate analysis for each building type and each analysis shows the total scope and cost of the contract, which will influence the pricing levels.
Each analysis is cross referenced to the other analyses in the contract, which allows BCIS to capture separate analyses, £/m2 rates, and functional unit rates appropriate to each building, eg. number of bedrooms per house or hotel. The functional unit rate is the total cost of the building excluding external works, with preliminaries apportioned by value and divided by the appropriate functional unit.
The Feldon Valley Golf Cub was tendered on bills of quantities by a selected list of four contractors. The contract was procured using the JCT Intermediate Building Contract 2016 based on a contract period of 60 weeks.
The building cost for this 2-storey 13-bedroom, 746m2 detached building is £2,761/m2 (2Q2017). This compares with the average of £1,921/m2 for hotel projects in the BCIS, database, which tend to be larger on average than the current project. The functional unit rate equates to £158,428.85 per bedroom.
Substructure, at £183/m2 includes:
Superstructure, at £1,306/m2 includes:
Finishes, at £275/m2 include:
Fittings and furnishings, at £200/m2 include:
Services, at £798/m2 include:
The 2 storey 753m2 extension building cost is £1,705/m2 (2Q2017).
Substructure, at £57/m2 includes:
Superstructure, at £593/m2 includes:
Finishes, at £261/m2 include:
Fittings and furnishings, at £267/m2 include:
Services, at £527/m2 include:
The building cost for the 4Nr single storey detached, 3-bed holiday golf club lodges is £3,982/m2 (2Q2017).
Substructure, at £486/m2 includes:
Superstructure, at £1931/m2 includes:
Finishes, at £380/m2 include:
Fittings and furnishings, at £136/m2 include:
Services, at £1,049/m2 include:
The £/m2 figures include preliminaries, at 11.26% of the remainder of the contract sum excluding contingences, apportioned by cost.
Cost analyses are available as part of the BCIS Online service.
BCIS would like to thank Selway Joyce Partnership for providing the data and everyone who submits projects to be published online. If you would like to talk to BCIS about submitting data, please contact Metin Mustafa on +44 (0)20 7695 1518 or email the BCIS data team.