17 APR 2019
The BCIS Online featured project for May 2019, submitted by Neath Port Talbot County Borough Council, is the recently completed (January 2019) £1.7m conversion, reconfiguration and refurbishment of Port Talbot's neo-Georgian style Grade II Listed former Magistrates' Court building to offices.
It is intended that the project will support the on-going regeneration of Port Talbot's town centre and its surrounding areas. Funding of £1,532,300 for the project came from the European Regional Development Fund and through the Welsh government's Building for the Future Programme.
It was recently confirmed that the building will be called The Terminus.
The 2 storey 973m2 building provides a high specification, modern office space with associated meeting and training rooms supported with ultra-fast broadband connectivity to attract hi-tech focused companies.
The building cost at £1,452/m2 (2Q2018), compares with the average of £973/m2 for 107 office refurbishment projects on the same basis on the BCIS Online database. The higher cost is attributed to maintaining the building's Grade II Listed features, the scope of the refurbishment and the high specification internal fit-out.
The £/m2 figures include preliminaries at 8% of the remainder of the contract sum excluding contingencies and fees.
The project was procured with a bill of quantities (BOQ) using the NEC3 ECC (Option A) over a 33-week contract period.
BCIS would like to thank by Neath Port Talbot County Borough Council for providing the data and everyone who submits projects to be published online.
Cost analyses are available as part of the BCIS Online service.
BCIS Online is an industry repository for building project costs analysed elementally. It provides clients, consultants and contractors secure online access to their project data. The analyses can be prepared from contract documents used in most procurement routes, for example:
If you would like to talk to BCIS about analysing your project data, please contact Metin Mustafa on +44 (0)20 7695 1518 or email the BCIS data team.