International construction market survey 2016
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<strong>International</strong> building costs, in <strong>2016</strong><br />
HKD<br />
USD<br />
(exchange<br />
rate: 7.75)<br />
Retail<br />
Large shopping centre including mall 31,140 4,020<br />
Neighbourhood incl super<strong>market</strong> 24,912 3,210<br />
Prestige car showroom 31,140 4,020<br />
Composite trade rates<br />
Excavate basement (m 3 ) (1800m 3 job) 135 17<br />
Excavate footings (m) 145 19<br />
Concrete in slab (m 3 ) (1500m 3 job) 1,401 181<br />
Reinforcement in beams (tonne) 12,165 1,570<br />
Formwork to soffit of slab (m 2 ) 332 43<br />
Blockwork in wall (m 2 ) (10,000 block job) 394 51<br />
Structural steel beams (tonne) 41,841 5,399<br />
Pre-cast concrete wall (m 2 ) 1,339 173<br />
Curtain wall glazing incl support system (m 2 ) (1000m 2 job) 5,626 726<br />
Plasterboard 13mm thick to stud wall (m 2 ) (3000m 2 job) 498 64<br />
Single solid core door incl frame and hardware (no) (50 door job) 6,695 864<br />
Painting to walls primer + 2 coats (m 2 ) 135 17<br />
Ceramic tiling (m 2 ) (1000m 2 job) 727 94<br />
Vinyl flooring to wet areas (m 2 ) (500m 2 job) 332 43<br />
Carpet medium tufted (m 2 ) (4500m 2 job) 540 70<br />
Lighting installation (m 2 ) (5000m 2 + job) 945 122<br />
Copper pipe 15mm to wall (m) (1000+ metre job) 239 31<br />
Fire sprinklers (per m 2 ) (5000m 2 job) 581 75<br />
Air conditioning incl main plant (m 2 ) (5000m 2 + job) 2,906 375<br />
Labour costs<br />
Group 1 Tradesman e.g. plumber, electrician 123 16<br />
Group 2 Tradesman e.g. carpenter, bricklayer 156 20<br />
Group 3 Tradesman e.g. carpet layer, tiler, plasterer 134 17<br />
General labourer 87 11<br />
Site foreman 179 23<br />
Material costs<br />
Concrete 30 MPa (m 3 ) (1500m 3 job) 726 94<br />
Reinforcement bar 16mm (tonne) (120 tonne job) 6,712 866<br />
Concrete block (400x200) per 1000 (>10,000 block job) 3,906 504<br />
Standard brick per 1000 2,176 281<br />
Structural steel beams (tonne) (100 tonne+ job) 13,390 1,728<br />
Glass pane 10mm tempered (m 2 ) 2,098 271<br />
Softwood timber for framing 100mm x 50mm (m) 73 9<br />
13mm plasterboard (m 2 ) 89 12<br />
Emulsion paint (litre) 61 8<br />
Copper pipe 15mm (metre) (1000+ metre job) 31 4<br />
Copper cable (metre) (3C + E, 2.5mm PVC) (100,000m+ job) 16 2<br />
Plant<br />
Hire 50t mobile crane + operator (day) 6,695 864<br />
Market:<br />
warm<br />
Tendering:<br />
cooler<br />
Cost escalation 2015–16: 4.0%<br />
Cost escalation <strong>2016</strong>–17: 5.0%<br />
Contractor’s margin: 6.0%<br />
Preliminaries: 12.0%<br />
Location factor (USD): 80<br />
PPP coefficient: 9.27<br />
<strong>International</strong> <strong>construction</strong> <strong>market</strong> <strong>survey</strong> <strong>2016</strong> 37
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