International construction cost survey 2012

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South Africa – hourly cost of labour (including overheads) South Africa – major projects ZAR Medupi Power Station 125bn Kusile Power Station 141bn RMI Integrated Titanium and Zirconium Beneficiation Complex 15bn Xstrata Tweefontein Optimisation Project 8bn Xstrata Atcom East 3.8bn Pascoulama 5bn 2010 2011 2011 ZAR ZAR USD Group 1 tradesman – eg plumber, electrician 50 52 7 Group 2 tradesman – eg carpenter, bricklayer 45 48 7 Group 3 tradesman – eg carpet layer, tiler, plasterer 35 40 6 General labourer 15 18 3 Site foreman 200 200 28 South Africa – costs of materials Concrete 30 mpa (m 3 ) (1,500m 3 job) 940 834 117 Reinforcement bar 16mm (tonne) (120 tonne job) 7,727 8,100 1,141 Concrete block (400 x 200) per 1,000 (>10,000 block job) 1,450 2,000 282 Standard brick per 1,000 1,500 1,600 225 Structural steel beams (tonne) (>100 tonne job) 15,000 20,000 2,816 Glass pane 6mm (m 2 ) 400 400 56 Softwood timber for framing 100mm x 50mm (m) 70 70 10 Plasterboard 13mm (m 2 ) 46 46 6 Emulsion paint (litre) 40 37 5 Copper pipe 15mm (m) (>1,000m job) 30 35 5 Copper cable (m) (3C + E, 2.5mm PVC) (>100,000m job) – – – South Africa – key trades (excluding preliminaries and builders’ margins) Excavate basement (m 3 ) (1,800m 3 job) 50 60 8 Excavate footings (m) 60 78 11 Concrete in slab (m 3 ) (1,500m 3 job) 1,085 917 129 Reinforcement in beams (tonne) 7,727 8,910 1,255 Formwork to soffit of slab (m 2 ) 135 126 18 Blockwork in wall (m 2 ) (10,000 block job) 210 210 30 Structural steel beams (tonne) 24,000 24,500 3,450 Pre-cast concrete wall (m 2 ) 450 460 65 Curtain wall glazing incl support system (m 2 ) (1,000m 2 job) 1,600 2,100 296 Plasterboard 13mm thick to stud wall (m 2 ) (3,000m 2 job) 200 540 76 Single solid core door incl frame and hardware (no) (50 door job) 1,683 1,600 225 Painting to walls primer + 2 coats (m 2 ) 27 27 4 Ceramic tiling (m 2 ) (1,000m 2 job) 200 200 28 Vinyl flooring to wet areas (m 2 ) (500m 2 job) 154 160 23 Carpet medium tufted (m 2 ) (4,500m 2 job) 220 220 31 Lighting installation (m 2 ) (>5,000m 2 job) – 85 12 Copper pipe 15mm to wall (m) (>1,000m job) 55 40 6 Fire sprinklers (per m 2 ) (5,000m 2 job) 165 260 37 Air conditioning incl main plant (m 2 ) (>5,000m 2 job) 1,300 1,300 183 making the difference 29 This document is in the public domain and is shared here by RSS Construction Projects Ltd - www.rssprojects.com
International construction cost survey 2012 South Korea South Korea is experiencing improvements in the private domestic construction sector as the economy experiences quite healthy growth and gradual cyclical recovery. However, the country has recently felt the impact of international economic conditions including tighter financing, higher input costs including oil, and interrupted trade with Japan since the earthquake. The private development sector has undergone a period of deregulation with less involvement by public institutions. This has increased demand for private development and should assist the private sector construction markets in 2012. Public sector construction continues to remain subdued with public works and large-scale project construction in a slowdown. Public sector construction is unlikely to be higher in 2012 than in 2011. The engineering, fabrication and shipbuilding sectors have healthy order books with Asian and Australian energy projects. Construction cost escalation should be modest in 2012. 30 Turner & Townsend South Korea – international building costs per m2 of internal area 2008 2009 2010 2011 2011 KRW KRW KRW KRW USD Residential Detached house – medium standard 1,167,307 1,155,750 1,150,000 1,150,000 1,038 Detached house – prestige 1,725,585 1,708,500 1,700,000 1,700,000 1,535 Townhouse – medium standard 1,380,468 1,366,800 1,360,000 1,360,000 1,228 Apartments – private medium density 1,116,555 1,105,500 1,100,000 1,100,000 993 Apartments – high rise 1,421,070 1,407,000 1,400,000 1,400,000 1,264 Aged care/affordable units Commercial 1,220,000 1,200,000 1,180,000 1,200,000 1,083 Offices – business park 1,116,555 1,105,500 1,100,000 1,100,000 993 CBD offices up to 20 floors – medium 1,370,317 1,356,750 1,350,000 1,350,000 1,219 CBD offices – prestige Warehouses 1,725,585 1,708,500 1,700,000 1,700,000 1,535 Warehouse/factory unit – basic 954,450 945,000 900,000 900,000 813 Large warehouse distribution centre 761,287 753,750 750,000 700,000 632 High-tech factory/laboratory Retail 2,639,130 2,613,000 2,600,000 2,600,000 2,348 Large shopping centre including mall 1,725,585 1,708,500 1,700,000 1,700,000 1,535 Neighbourhood including supermarket 954,450 945,000 900,000 950,000 858 Prestige car showroom Hotels 1,898,144 1,879,350 1,870,000 1,870,000 1,688 Three-star travellers 1,522,575 1,507,500 1,500,000 1,500,000 1,354 Five-star luxury 3,045,150 3,015,000 3,000,000 3,200,000 2,889 Resort style Hospitals 1,827,090 1,809,000 1,800,000 2,050,000 1,851 Day centre 1,116,555 1,105,500 1,100,000 1,100,000 993 Regional hospital 1,624,080 1,608,000 1,600,000 1,600,000 1,445 General hospital Schools 1,725,585 1,708,500 1,700,000 1,700,000 1,535 Primary and secondary 1,015,050 1,005,000 1,000,000 1,000,000 903 University Carparks 1,370,317 1,356,750 1,350,000 1,360,000 1,228 Multistorey – above ground 558,277 552,750 550,000 550,000 497 Multistorey – below ground Airports 812,040 804,000 800,000 800,000 722 Airport terminal 2,500,000 2,600,000 2,550,000 2,550,000 2,302 This document is in the public domain and is shared here by RSS Construction Projects Ltd - www.rssprojects.com
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