International construction market survey 2016
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<strong>International</strong> building costs, in <strong>2016</strong><br />
CLP<br />
USD<br />
(exchange<br />
rate: 717)<br />
Retail<br />
Large shopping centre including mall 1,106,000 1,540<br />
Neighbourhood incl super<strong>market</strong> 762,300 1,060<br />
Prestige car showroom 1,229,300 1,710<br />
Composite trade rates<br />
Excavate basement (m 3 ) (1800m 3 job) 7,170 10<br />
Excavate footings (m) 12,800 18<br />
Concrete in slab (m 3 ) (1500m 3 job) 96,795 135<br />
Reinforcement in beams (tonne) 806,625 1,125<br />
Formwork to soffit of slab (m 2 ) 35,000 49<br />
Blockwork in wall (m 2 ) (10,000 block job) 32,000 45<br />
Structural steel beams (tonne) 1,548,720 2,160<br />
Pre-cast concrete wall (m 2 ) 87,500 122<br />
Curtain wall glazing incl support system (m 2 ) (1000m 2 job) 200,000 279<br />
Plasterboard 13mm thick to stud wall (m 2 ) (3000m 2 job) 23,500 33<br />
Single solid core door incl frame and hardware (no) (50 door job) 615,000 858<br />
Painting to walls primer + 2 coats (m 2 ) 6,750 9<br />
Ceramic tiling (m 2 ) (1000m 2 job) 43,020 60<br />
Vinyl flooring to wet areas (m 2 ) (500m 2 job) 19,200 27<br />
Carpet medium tufted (m 2 ) (4500m 2 job) 28,680 40<br />
Lighting installation (m 2 ) (5000m 2 + job) 45,760 64<br />
Copper pipe 15mm to wall (m) (1000+ metre job) 17,925 25<br />
Fire sprinklers (per m 2 ) (5000m 2 job) 21,510 30<br />
Air conditioning incl main plant (m 2 ) (5000m 2 + job) 74,000 103<br />
Labour costs<br />
Group 1 Tradesman e.g. plumber, electrician 5,680 8<br />
Group 2 Tradesman e.g. carpenter, bricklayer 5,019 7<br />
Group 3 Tradesman e.g. carpet layer, tiler, plasterer 4,302 6<br />
General labourer 3,585 5<br />
Site foreman 8,850 12<br />
Material costs<br />
Concrete 30 MPa (m 3 ) (1500m 3 job) 95,800 134<br />
Reinforcement bar 16mm (tonne) (120 tonne job) 682,584 952<br />
Concrete block (400x200) per 1000 (>10,000 block job) 1,045,000 1,457<br />
Standard brick per 1000 142,500 199<br />
Structural steel beams (tonne) (100 tonne+ job) 860,400 1,200<br />
Glass pane 10mm tempered (m 2 ) 60,500 84<br />
Softwood timber for framing 100mm x 50mm (m) 1,800 3<br />
13mm plasterboard (m 2 ) 4,830 7<br />
Emulsion paint (litre) 3,050 4<br />
Copper pipe 15mm (metre) (1000+ metre job) 2,580 4<br />
Copper cable (metre) (3C + E, 2.5mm PVC) (100,000m+ job) 2,050 2.9<br />
Plant<br />
Hire 50t mobile crane + operator (day) 690,000 962<br />
Market:<br />
lukewarm<br />
Tendering:<br />
cooler<br />
Cost escalation 2015–16: 6.0%<br />
Cost escalation <strong>2016</strong>–17: 6.0%<br />
Contractor’s margin: 7.0%<br />
Preliminaries: 12.0%<br />
Location factor (USD): 42<br />
PPP coefficient: 476.39<br />
<strong>International</strong> <strong>construction</strong> <strong>market</strong> <strong>survey</strong> <strong>2016</strong> 29
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