Construction Cost Handbook
PHILIPPINES 2016
Langdon & Seah Philippines Inc.
0
Electronic Cost Handbook
We have a number of options for accessing an electronic version of our Construction Cost Handbook: 1.
Download the PDF version from our website to your iPhone or iPad. ○
Using Safari browser, browser, go to www.LangdonSeah.com
○
Tap “Publications” at the top menu
○
Select “Annual Construction Cost Handbook” category
○
Select “Philippines” region
○
Tap “PDF “ PDF Download” Do wnload”
○
Tap "Open in ...."
○
Tap "Open in iBooks"
○
You can then go to iBooks to read the downloaded 2016 Construction Cost Handbook, even when your iPhone or iPad is in Airplane Airplane mode
2. For Android Smart Phone and Tablet users, scan the QR code below to directly access the PDF file. ○
Tap “PDF “PD F Download” Downl oad”
○
You can then go to "Download" folder to read the downloaded 2016 Construction Cost Handbook, even when your Smart Phone is in Airplane Airplane mode
3. Or download our App to your Smart Phone or iPad by searching for Langdon & Seah Cost Handbook in the App Store or Google Google play. play.
1
2 3
Handbook Cover Photos: 1. Proscenium - (upper (upper left left side) side) 2. ArthaLand Century Century Pacific Tower - (upper (upper right side) side) 3. City of Dreams - (bottom) (bottom)
Published by Langdon & Seah Philippines Inc.
0
Electronic Cost Handbook
We have a number of options for accessing an electronic version of our Construction Cost Handbook: 1.
Download the PDF version from our website to your iPhone or iPad. ○
Using Safari browser, browser, go to www.LangdonSeah.com
○
Tap “Publications” at the top menu
○
Select “Annual Construction Cost Handbook” category
○
Select “Philippines” region
○
Tap “PDF “ PDF Download” Do wnload”
○
Tap "Open in ...."
○
Tap "Open in iBooks"
○
You can then go to iBooks to read the downloaded 2016 Construction Cost Handbook, even when your iPhone or iPad is in Airplane Airplane mode
2. For Android Smart Phone and Tablet users, scan the QR code below to directly access the PDF file. ○
Tap “PDF “PD F Download” Downl oad”
○
You can then go to "Download" folder to read the downloaded 2016 Construction Cost Handbook, even when your Smart Phone is in Airplane Airplane mode
3. Or download our App to your Smart Phone or iPad by searching for Langdon & Seah Cost Handbook in the App Store or Google Google play. play.
1
2 3
Handbook Cover Photos: 1. Proscenium - (upper (upper left left side) side) 2. ArthaLand Century Century Pacific Tower - (upper (upper right side) side) 3. City of Dreams - (bottom) (bottom)
Published by Langdon & Seah Philippines Inc.
The following handbook of information relating to the construction industry has been compiled by: Langdon & Seah Philippines Inc. An Arcadis Company 4th Floor King’s Court I 2129 Chino Roces Avenue, Makati City 1231, Philippines Telephone Fax Email Website
: : : :
(632) 811 2971 (632) 811 2071
[email protected] info-ph@arca dis.com www.LangdonSeah.com www.LangdonSeah. com
© Langdon & Seah Philippines Inc. 2016 All rights reserved. No part of this publication may be re-produced or copied in any form without prior written permission from Langdon & Seah Philippines Inc. The information contained herein should be regarded as indicative and for general guidance only. Whilst every effort has been made to ensure accuracy, no responsibility can be accepted for errors and omissions, however caused. If advice concerning individual projects is required, we would be happy to assist. Unless otherwise stated, costs reflected in this handbook are anticipated Manila costs in costs in 4th Quarter 2015. Langdon & Seah Philippines Inc. would like to acknowledge the assistance of Jones Lang LaSalle in providing additional data and information for this publication.
0
TABLE OF CONTENTS
Page No. Index Calendar
4
About ARCADIS Philippines
6
Vision / Mission Statement
7
1. CONSTRUCTION COST DATA
Construction Costs for Selected Asian Cities
12
M & E Costs for Selected Asian Cities
18
Construction Costs for Philippines
24
M & E Services Costs for Philippines
26
Construction Cost Specification
28
Major Rates for Selected Asian Cities
30
Retail Prices of Basic Construction Materials for Philippines
36
Unit Costs for Ancillary Facilities for Philippines
40
M & E Major Plant Costs for Philippines
42
Fit-out Costs for Philippines
44
Kitchen Equipment Cost for Philippines
47
2. GENERAL CONSTRUCTION DATA
51
Trends in Construction Costs for Philippines Construction Value
52
Construction Activity
53
Lead Time of Different Packages
54
Utility Costs for Selected Asian Cities
56
Estimating Rules of Thumb
58
Progress Payments Construction Materials Wholesale Price Index
60 62
Minimum Wage
64
Construction Materials Wholesale Price Index
65
in the NCR
Page No. 3. PROPERTY COMMENTARY
Commercial
69
Residential
70
Hotels and Serviced Apartments
71
Retail
72
Industrial
74
4. FINANCIAL
Philippines Key Data
78
Economic Highlights
79
Financial Definitions
80
Financial Formulae
81
Mortgage Repayment Table
82
Consumer Price Index
83
Exchange Rates
84
Currency Charts
86
Prime Rates
90
Manila Reference Rate
91
5. OTHER INFORMATION
Philippine Map
94
Public Holidays
95
IDD Codes & Time Differences
104
Conversion Factors
106
Langdon & Seah Professional Services
108
Quality System
110
Environmental Sustainability
112
Development Management
116
International Directory of Langdon & Seah Offices
119
0
CALENDAR JANUARY M
4
T
5
W
6
T
7
FEBRUARY
F
S
S
M
T
W
T
F
S
S
1
2
3
1
2
3
4
5
6
7
8
9 10
8
9 10 11 12 13 14
M
7
T
W
T
F
S
S
1
2
3
4
5
6
8
9 10 11 12
13
11 12 13 14 15 16 17
15 16 17 18 19 20 21
14 15 16 17 18 19
20
18 19 20 21 22 23 24
22 23 24 25 26 27 28
21 22 23 24 25 26
27
25 26 27 28 29 30 31
29
28 29 30 31
APRIL M
4
6 1 0 2
MARCH
T
5
W
6
T
7
MAY
F
S
S
1
2
3
8
9 10
M
T
W
T
JUNE F
S
S
M
T
1 2
3
4
5
6
7
8
6
7
W
T
F
S
S
1
2
3
4
5
8
9 10 11 12
11 12 13 14 15 16 17
9 10 11 12 13 14 15
13 14 15 16 17 18 19
18 19 20 21 22 23 24
16 17 18 19 20 21 22
20 21 22 23 24 25 26
25 26 27 28 29 30
23 24 25 26 27 28 29
27 28 29
30
30 31
JULY M
4
T
5
W
6
T
7
AUGUST
F
S
S
M
T
W
1
2
3
1
2
3
8
9 10
8
9
T
F
S
S
6
7
10 11 12 13
14
4
5
11 12 13 14 15 16 17
15 16 17 18 19
18 19 20 21 22 23 24 25 26 27 28 29 30 31
3
T
4
W
5
T
6
F
7
M
T
5
6
S
1
2
8
9
7
T
F
S
S
1
2
3
4
8
9 10 11
12 13 14 15 16 17 18
22 23
24 25 26 27 28
19 20 21 22 23 24 25
29 30
31
26 27 28 29 30
NOVEMBER
S
W
20 21
OCTOBER M
SEPTEMBER
M
T
7
DECEMBER
W
T
F
S
S
1
2
3
4
5
6
8
9 10 11 12 13
M
5
T
6
W
7
T
F
S
S
1
2
3
4
8
9 10 11
10 11 12 13 14 15 16
14 15 16 17 18 19 20
12 13 14 15 16 17 18
17 18 19 20 21 22 23
21 22 23 24 25 26 27
19 20 21 22 23 24 25
24 25 26 27 28 29 30
28 29 30
26 27 28 29 30 31
31
JANUARY M M
T T W W T T
F F
FEBRUARY
S S S S
M
T
1 4
5
6
7
8
6
7
MARCH
W
TT
FF SS SS
1
2
8
9
10 11 12
3
4
M
T
5 6
7
W
T
F
S
S
1
2
3
4
5
8
9 10 11 12
2
3
9
10
11 12 13 14 15
13 14 15
16
17 18 19
13 14 15 16 17 18 19
16 17
18 19 20 21 22
20 21 22
23
24 25 26
20 21 22 23 24 25 26
23 24
25 26 27 28 29
27 28
27 28 29 30 31
30 31
APRIL M M
7 1 0 2
3
T T W W T T
4
5
6
F F
7
MAY S S S S
JUNE
M M TT W W TT FF SS S S
1
2
1
2
3
4
5
6
8
9
8
9 10 11 12 13 14
M
T
W
7 5
6
7
T
F
S
S
1
2
3
4
8
9 10 11
10 11 12 13 14 15 16
15 16 17 18 19 20 21
12 13 14 15 16 17 18
17 18 19 20 21 22 23
22 23 24 25 26 27 28
19 20 21 22 23 24 25
24 25 26 27 28 29 30
29 30 31
26 27 28 29 30
JULY M
3
T
4
W
5
T
6
AUGUST
F
7
S
S
1
2
8
9
M
7
SEPTEMBER
T
W
T
F
S
S
1
2
3
4
5
6
8
9 10 11 12 13
M
4
T
5
W
6
T
7
F
S
S
1
2
3
8
9 10
10 11 12 13 14 15 16
14 15 16 17 18 19 20
11 12 13 14 15 16 17
17 18 19 20 21 22 23
21 22 23 24 25 26 27
18 19 20 21 22 23 24
24 25 26 27 28 29 30
28 29 30 31
25 26 27 28 29 30
31
OCTOBER M
T
W
T
F
S
NOVEMBER S
M
T
1 2
3
4
5
6
7
8
6
7
DECEMBER
W
T
F
S
S
1
2
3
4
5
8
9 10 11 12
M
4
T
5
W
6
T
7
F
S
S
1
2
3
8
9 10
9 10 11 12 13 14 15
13 14 15 16 17 18 19
11 12 13 14 15 16 17
16 17 18 19 20 21 22
20 21 22 23 24 25 26
18 19 20 21 22 23 24
23 24 25 26 27 28 29
27 28 29 30
25 26 27 28 29 30 31
30 31
JANUARY
FEBRUARY
M
T
W
T
F
S
S
1
2
3
4
5
6
7
8
9 10 11 12 13 14
M
T
5
W
6
7
MARCH
T
F
S
S
1
2
3
4
8
9 10 11
M
T
5
W
6
7
T
F
S
S
1
2
3
4
8
9 10 11
15 16 17 18 19 20 21
12 13 14 15 16 17 18
12 13 14 15 16 17 18
22 23 24 25 26 27 28
19 20 21 22 23 24 25
19 20 21 22 23 24 25
29 30 31
26 27 28
26 27 28 29 30 31
APRIL M
T
W
T
F
MAY S
S
M
T
W
1
2
8
9 10 11 12 13
1 2
3
4
5
6
7
7
8
T
F
JUNE
3
S
S
5
6
4
M
T
4
W
5
6
T
7
F
S
S
1
2
3
8
9 10
9 10 11 12 13 14 15
14 15 16 17 18 19 20
11 12 13 14 15 16 17
16 17 18 19 20 21 22
21 22 23 24 25 26 27
18 19 20 21 22 23 24
23 24 25 26 27 28 29
28 29 30 31
25 26 27 28 29 30
30
JULY M
T
W
T
F
AUGUST S
S
M
T
W
1 2
3
4
5
6
7
8
6
7
T
F
SEPTEMBER
S
3
4
S
1
2
8
9 10 11 12
M
T
W
T
F
5 3
4
5
6
7
S
S
1
2
8
9
9 10 11 12 13 14 15
13 14 15 16 17 18 19
10 11 12 13 14 15 16
16 17 18 19 20 21 22
20 21 22 23 24 25 26
17 18 19 20 21 22 23
23 24 25 26 27 28 29
27 28 29 30 31
24 25 26 27 28 29 30
2 0 1 8
30 31
OCTOBER M M
T T W W T T 3
4
NOVEMBER
F F S S 5
S S
1
2
6
8
9 10 11 12 13 14
M
T
W
T
7 5
6
7
F
S 3
DECEMBER S
1
2
8
9 10 11
M
T
W
T
F
4 3
4
5
6
7
S
S
1
2
8
9
15 16 17 18 19 20 21
12 13 14 15 16 17 18
10 11 12 13 14 15 16
22 23 24 25 26 27 28
19 20 21 22 23 24 25
17 18 19 20 21 22 23
29 30 31
26 27 28 29 30
24 25 26 27 28 29 30 31
JANUARY M M
T T W W T T
4
S S S S 5
M
T
W
T
6
MARCH
F
S
SS
1
2
3
8
9
10
M
T
W
T
F
S
S
1
2
3
1
2
8
9 10 11 12 13
14 15
16 17 18 19 20
11 12 13 14 15
16
17
11 12 13 14
21 22
23 24 25 26 27
18 19 20 21 22
23
24
18 19 20 21 22 23 24
28 29
30 31
25 26 27 28
7
3
F F
FEBRUARY
4
5
6
7
APRIL M M
T T W W T T
F F
1
2
5
8
3
4
9 10 11 12
4
5
6 13
M
T
7 14
6
7
8
9 10
15 16 17
JUNE
W
T
F
S
S
1
2
3
4
5
8
7
25 26 27 28 29 30 31
MAY S S SS
6
9 10 11 12
M
3
T
4
W
5
T
6
F
7
S
S
1
2
8
9
15 16 17 18 19
20 21
13 14 15 16 17 18 19
10 11 12 13 14 15 16
22 23 24 25 26
27 28
20 21 22 23 24 25 26
17 18 19 20 21 22 23
27 28 29 30 31
29 30
JULY M
T
W
T
1
2
3
4
8
F
AUGUST S
S
6
7
9 10 11 12 13
14
15 16 17 18 19 20
21
5
24 25 26 27 28 29 30
M
5
T
6
W
7
SEPTEMBER
T
F
S
S
1
2
3
4
8
9
10 11
12 13 14 15 16 17 18
M
T
W
T
F
S
S 1
2
3
9 10
4
5
6
7
8
11 12 13 14 15
22 23 24 25 26 27 28
19 20 21 22 23 24 25
16 17 18 19 20 21 22
29 30 31
26 27 28 29 30 31
23 24 25 26 27 28 29 30
OCTOBER M
7
NOVEMBER
T
W
T
F
S
S
1
2
3
4
5
6
8
9 10 11 12
13
14 15 16 17 18 19 21 22 23 24 25 26 28 29 30 31
M
T
W
T
DECEMBER
F
S
S
1
2
3
M
2
20
11 12 13 14 15 16 17
9
27
18 19 20 21 22 23 24
5
6
7
8
25 26 27 28 29 30
W
T
F
S
S 1
9 10
4
T
3
4
5
6
7
8
10 11 12 13 14 15
16 17 18 19 20 21 22 23 24 30 31
25 26 27 28 29
2 0 1 9
0
ARCADIS PHILIPPINES
ARCADIS PHILIPPINES
Arcadis Philippines which incorporates Langdon & Seah Philippines Inc. (LSPI) is the country’s leading provider of construction consultancy services. Established in 1982 as the first Quantity Surveying company in the Philippines, it has grown to 350 staff and increased its services to provide Development Management, Environmental Sustainability and Water Consultancy Having worked on over 500 projects nationwide, covering both the private and public sectors, including infrastructure, residential, commercial, industrial, educational, health care, recreation facilities, hospitality and interior fit outs, the company’s experience, comprehensive cost and benchmarking database allows it to continue leading and setting the standards for consultancy services within the Philippine Construction Market. LSPI merged with the Arcadis Group in 2012 providing it with a global reach and the ability to call on the expertise and experience of over 28,000 professional staff from 350 offices around the world. Increasing its capabilities to providing planning, architectural design, engineering and management services, infrastructure, water, environment and building consultancy services.
LANGDON AND SEAH PHILIPPINES INC. Vision
To be the leading Cost and Quantity Surveying, Environmental Sustainability and Development Management Consultant in the Philippines built environment providing the highest level of excellence in professionalism and integrity, working on modern, leading edge projects - integrating and coordinating each of our business lines.
COST AND QUANTITY SURVEYING Vision
To be the leading Cost and Quantity Surveying Consultant in the Philippines built environment, providing the highest level of excellence in professionalism and integrity, working on modern, leading edge projects – integrating and coordinating our Cost and Quantity Surveying Consultancy with our other service lines of Environmental Sustainability and Development Management. Mission
Protecting the interests of our Clients, we commit to: • Provide our Clients with proactive, integrated service where we are working on the project covering more than one role. • Establish partnerships with major Clients, working together as an integral part of their management team. • Provide our Clients with service over and above their requirements through enhanced understanding of their needs. • Provide our Clients accurate and dependable services taking into account their needs and procurement options. Being the greatest assets of the Company, we commit to the growth and development of our Staff by: • Providing training, an exciting work environment and a competitive remuneration package. • Providing opportunities for career growth and professional development. • Encouraging and providing time and resource to gain external accreditation and qualifications in the field of Cost Consultancy and Quantity Surveying services at the earliest time.
0
VISION MISSION STATEMENT
We commit to continuously protect the interest of our Stockholders by: • Maintaining and upholding our Chartered status with the RICS. • Maintaining our Quality Assurance accreditation while being committed to continual improvement. • Producing marketing materials and marketing strategy to diversify and widen our client base on Cost Consultancy and Quantity Surveying services. We commit to our responsibility to our Society, hence; • We contribute to socio civic works as a conscientious organization.
ENVIRONMENTAL SUSTAINABILITY Vision To be the leading Environmental Sustainability Consultant in the Philippines built environment,
providing the highest level of
excellence in professionalism and integrity, working on modern, leading edge projects – integrating and coordinating our Environmental Sustainability Consultancy with our other service lines of Development Management, Cost and Quantity Surveying Consultancy.
Mission Protecting the interests of our Clients, we commit to: • Provide LEED, BERDE and BREAM accreditation consultancy services and expanding this to a capability in other S.E. Asian accreditation systems such as Greenmark (Singapore). • Provide our Clients with a proactive, integrated service guiding them through the accreditation process and educating key parties where there is lack of past experience/familiarization with the process. • Provide our Clients with service over and above their requirements by achieving the project’s targeted sustainability certification, striving to go beyond the project’s pursued level within a reasonable cost and time. Being the greatest assets of the Company, we commit to the growth and development of our Staff by: • Providing training, an exciting work environment and a remuneration
package
benchmark competitors.
that
exceeds
the
highest
local
• Providing opportunities for career growth and professional development. • Encouraging and providing time and resource to gain external accreditation, specialization seminars and qualifications in the field of environmental sustainability consultancy services at the earliest time. We commit to continuously protect the interest of our Stockholders by: • Developing the company as the foremost energy modeling center in the region, well-versed over a range of accredited software; that clients and other LS companies in S.E. Asia might refer for modeling services. • Expanding our Consultancy Services into other related fields such
as
carbon
assessment,
daylight
simulation
and
commissioning works. • Developing our Consultancy Services to increase our involvement in the existing built environment as well as new build developments. • Producing marketing materials and marketing strategy to diversify and widen our Client base on Environmental Sustainability Consultancy. • Maintaining our Quality Assurance accreditation while being committed to continual improvement. We commit to our responsibility to our Society, hence; • We contribute to socio civic works as a conscientious organization.
DEVELOPMENT MANAGEMENT Vision To be the leading Development Management Consultant in the Philippines built environment, providing the highest level of excellence in professionalism and integrity, working on modern, leading edge projects – integrating and coordinating our Development Management Consultancy with our other service lines of Environmental Sustainability, Cost and Quantity Surveying Consultancy.
0
VISION MISSION STATEMENT
Mission Protecting the interests of our Clients, we commit to: • Provide a high level Client’s Representative service incorporating strategic procurement advice, project management, planning, risk avoidance and programming services. • Provide our Clients with a proactive, integrated service where we are working on the project covering more than one role. • Establish partnerships with major Clients, working together as an integral part of their management team. • Guide our Clients through the development process and educating key parties where there is lack of past experience/familiarization with the process. • Provide our Clients with service over and above their requirements through enhanced understanding of their needs. Being the greatest assets of the Company, we commit to the growth and development of our Staff by: • Providing training, an exciting work environment and a competitive remuneration package. • Providing opportunities for career growth and professional development. • Encouraging and providing time and resource to gain external accreditation and qualifications in the field of Development Management services at the earliest time. We commit to continuously protect the interest of our Stockholders by: • Producing marketing materials and marketing strategy to diversify and widen our client base on Development Management services. • Maintaining our Quality Assurance accreditation while being committed to continual improvement. We commit to our responsibility to our Society, hence; • We contribute to socio civic works as a conscientious organization.
CONSTRUCTION COST DATA
1
Construction Costs for Selected Asian Cities M & E Costs for Selected Asian Cities Construction Costs for Philippines M & E Services Costs for Philippines Construction Cost Specification Major Rates for Selected Asian Cities Retail Prices of Basic Construction Materials for Philippines Unit Cost for Ancillary Facilities for Philippines M & E Major Plant Costs for Philippines Fit-out Costs for Philippines Kitchen Equipment Costs for Philippines
1
CONSTRUCTION COST DATA CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES 0 1 8 4 7 2 8 4 , , 5 , 1 2 2 - - 7 7 5 3 6 2 5 1 , , 2 , 1 2 2
7 6 0 5 5 0 3 8 , 0 7 5 8 1 - - - 4 1 0 9 0 2 3 9 6 4 7 8
0 3 4 0 3 8 4 0 7 9 7 8 - - - 0 2 6 2 9 7 7 7 5 7 5 7
5 4 5 6 4 8 1 5 , , 6 , 1 1 1 - - 3 8 3 5 4 7 0 3 , , 5 , 1 1 1
A R L U A P U M K U L
0 0 5 0 6 8 0 8 4 8 3 8 - - - 5 5 0 5 0 3 1 1 3 7 2 7
0 3 5 5 5 1 6 2 , 1 6 1 6 8 - - - 5 5 5 5 7 3 3 1 5 8 5 6
5 0 0 7 6 5 1 9 3 , , , 2 1 1 - - 5 5 5 5 7 6 8 6 9 , , 1 1
E R O P A G N I S
0 5 5 0 4 7 6 3 5 0 9 , , , 9 , 1 3 1 2 - - - 0 5 0 5 6 7 5 1 3 0 7 , , . 2 , 1 2 1 2
# # 5 0 0 5 7 9 3 4 0 9 1 , , , , 2 2 2 1 2 - - - 0 5 0 0 3 7 5 3 9 0 7 9 , , , , 1 2 1 1
0 5 5 6 4 4 3 1 , , 1 , 2 3 3 - - 0 0 0 8 9 9 1 7 , , 7 , 2 2 2
G N O K G N O H
0 0 0 0 9 4 3 5 6 9 0 , , , 3 , 3 4 5 6 - - - 0 0 0 0 4 4 1 8 1 2 3 , , , 5 , 3 4 4 5
0 0 0 0 6 5 1 9 6 7 6 , , , , 9 4 3 4 3 - - - 0 0 0 0 8 8 2 4 0 8 1 , , , , 1 4 3 3 3
0 0 0 7 3 1 9 3 , , 7 , 4 4 5 - - 0 0 0 1 1 2 2 0 , . 9 , 4 4 4
A L I N A M
0 0 1 7 0 0 3 9 , 2 , 3 6 1 1 9 - - - 5 0 0 0 7 8 6 0 6 1 8 , 2 , 1 1
5 0 6 0 0 6 3 , 7 2 7 , 1 8 8 1 - - - 0 0 5 0 6 2 3 8 2 8 , 7 0 , 1 1
5 5 0 7 8 3 3 6 , , 0 , 1 1 2 - - 0 0 5 8 5 7 1 3 , , 5 , 1 1 1
K O K G N A B
) 2 m / $ S U (
7 3 6 0 1 0 9 3 1 1 , , 2 , 1 1 8 1 - - - 4 3 6 0 0 1 2 0 0 8 8 , 5 1
3 6 2 3 5 1 9 4 4 1 , , 0 , 3 , 1 1 1 1 - - - 9 3 9 0 4 1 8 4 1 8 , 7 0 , 1 1
I E N U R B
d r d r a d a d r d n a n a d a t t n s s a . t d e r e s a y v g t d e a d i a r l g n n , a e e e a a r t r v u t h s d q e a n g e n L , v i e e s a h g e A g c I e i , , a t h c r i d e e e g C s g f i s f n s i i n h R o e r r i r v a , E p p e , h h s s M e s p h s o i g g g e e i i i e s r h M h h h s c s i h , , , u u f O o C f n s s t s o g I t h i o l l w T n n h d C / h / o a S e e d e E e t s - m e i h C m E t m m r f l c u I t i c i o r a M a r a a h F r d t t a t g e F u O p p r i e e e D A A T D O M H O R
t e k r a m d i r a m t , r s r 5 a / t a t s 4 s 3 - 5 s - l e s s t l l e o e t t h o o S h s L t s h e y E e n r g u T d i s x O u u u H B B L
4 1 8 1 1 5
0 2 7 A / N 6 1 4
3 6 4 1 3 9 0 , 1 , 1 9 1 - 0 0 3 4 1 1 6 6 7 , 1
A / N
0 0 6 7 6 2 - 5 8 0 6 5 1
A / A / A / N N N
A / N
5 6 4 5 1 4
5 5 7 5 4 2 - 5 0 4 0 3 2
5 5 0 3 9 1 2 2 6 - - 0 5 0 1 6 6 2 2 5
0 4 0 , 1 5 3 8
5 4 9 A / - N 0 4 7
0 ^ 9 5 2 , 4 9 1 - 5 5 6 4 6 9
0 5 5 4 7 , 1 , A 1 2 / - N 0 0 1 0 6 , 0 , 1 2
0 3 9 , 2 -
0 6 0 , 3 A / N 0 1 4 , 2
0 0 5 3 9 , 7 , 1 2 - 0 0 7 7 3 , , 4 2 1
0 0 0 1 5 9 8 9 , , 4 , 4 2 2 - - 0 0 0 9 4 7 5 5 , , 9 , 2 2 3
0 3 8 , 5 0 3 1 , 5
0 6 6 0 5 6 - 0 0 1 6 5 4
5 2 5 5 4 6 6 , 7 7 1 - - 0 0 0 9 9 8 6 6 1 , 1
5 7 4 , 1 0 5 3 , 1
8 7 6 5 7 3
2 6 5 9 4 4
5 8 3 5 0 3
0 6 4 0 5 4
0 5 6 0 6 5
l t a h n i g o l i t , n e e i s v r n w o s o C i l ( t , n s y l u e n r d i o e o l t l e m c a h a r f y f s r t , y d e s s e t L t u i r a d A n r o I t n u i R l s e p t T i a e o h r l S t g r g e n e i U s i n u w D d s w N n O I I
6 4 1 , 2 3 4 8 , 1
0 9 7 , 2
) s g l n e i v e r d e u l u l s c 3 i n d < e i l ( n / d s n s u t o k r a r r r o a g ) o c p t / p e y s c r a r v e a e a o d h s s t c b i n o c t a w i l o p n , r ) b c e s u s e u k p t s s p m r r i e a & e o t c l p s p s n u s l y a r r e a b m y t / a ) a d i i r , d c l p s s s m d i s n y e ( e r o u e v p r b u s E S o r e ( s l h o l s t c e r l R r t l g t n s 4 o e s n & a r E r t i e e r < F o t e d o H d l ( h u p c F n T n u e c t M S S S G O U
, : d s r n a 7 o d 3 i . n s i g 1 a v t n i s $ o l i r B y e t p i c r g o d n i n h w a t u 1 o l l l a . l 6 a c s . o f 5 w i l k 3 e d b r u o h e t T t p w H t n f l o i A a o a t s n l s r B e i e p e e , r e i i u d r c t a c b a o x ) n e c o y e n e e r a l r f c g g a f i a n n l d d s i 3 i l t d t e n a n 3 a d . n r b o a 4 o d w e o c c c n w e e h t i r M f t a o c s w d o n R d s d s e i e a n h n t e v i g w t i a l e T s a / A u r l l w y r p V l a m e c e a e x v w r m o a i a n t c d r 0 e f u i n p d l 4 o a ( . e r n c x r a 1 a s t s a n e l u e o $ s e c c C T o / s e i S t f e h a t a f ) ) i c o a i O R ( i ( S n R g n k o o k 0 K g 8 . g n 7 n a o B $ H K H s y e b s e i t r e t ) s a a a u t n e R b i s u r e s o a 0 i m c l i i t a l c 0 i n . e i n f n e r 7 r o a e a ' s p t M 4 f g t n d n . i P o d t e a 5 e t n H e t 1 n n c v o e 0 i P a t c 2 s e r f n u p l x g e e o t d c e i n T n e r e t o i v n u , r u A i a d V s g s l y t n l u i s ) l e t l l % c i a e v s d p e e o d 2 x e m l 1 e c a r 5 c n e d d r a o u 1 g d n n n p n o u ( 0 i p l a a s h 2 d i r t t r l i m c T n o e w = e u o i t o p c & S l 1 r b ( f r s G a $ u l a h s f d a e i d S Q n t e o e c i i n s e t s U a c t i c l o h l : t M n e a i m e n r f f a . d 4 r o n t g e a d e n e s e r s o e s t p i t d a e n a U e n s l r t u d % u e c l e a s 5 o e p c t t . f n s c e I t a s 0 o a x O i # e ^ R s y e R o w l r c e i e v e t g e h a s e n v t u r l o m a o o i c h b s x x p a c a s o e r g x e l e p n e E h n p r i T u a a S
1
CONSTRUCTION COST DATA CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES
A F C
2
m / $ S U
H N I M I H C O H L U O E S
A I D N I
A T R A K A J
U A C A M
5 5 5 5 5 8 7 6 7 8 4 5 - - - 5 5 5 5 0 6 0 6 6 7 4 4
0 1 0 5 1 2 6 , 8 1 8 - - A / 0 5 5 N 1 1 5 7 8 6
0 0 9 6 5 , 9 , 1 1 - A / N 5 0 0 9 3 , 6 , 1 1
9 1 3 2 8 6 6 , 9 , 3 , 1 1 3 - - A / 7 0 0 N 4 2 1 3 , 6 , 2 , 1 1 2
3 3 4 0 4 8 6 9 7 1 3 6 , , , , 1 2 1 1 - - - 7 1 7 0 9 9 2 2 1 , 3 , 1 , 3 , 1 1 1 1
9 9 3 6 7 9 0 9 , , 0 , 2 3 4 - - 6 6 2 4 0 6 6 3 , , 5 , 1 2 2
5 0 5 5 8 3 7 8 5 9 3 4 - - - 0 5 0 0 1 7 5 6 5 7 3 4
0 0 0 0 2 1 1 7 4 5 4 5 - - - 5 0 5 5 8 8 7 2 3 4 3 5
0 5 4 8 5 3 , 0 , 5 1 1 8 - - 0 0 5 3 3 2 1 7 , 4 , 1 1
2 1 2 2 8 1 2 4 , 9 7 4 1 9 - - - 6 2 2 9 3 4 2 7 6 3 9 8
5 4 8 9 6 0 9 , 9 4 6 1 5 6 - - - 7 6 2 9 2 2 4 9 6 9 5 5
3 2 5 9 6 0 6 2 , , 8 , 1 1 1 - - 2 3 6 9 9 9 0 4 , , 5 , 1 1 1
5 5 5 5 2 7 5 3 4 6 6 , , , , 8 4 5 2 4 - - - 0 0 0 5 1 1 7 3 7 1 0 , , , , 5 3 4 2 3
5 5 5 5 3 3 3 7 5 2 5 , , , 4 , 3 3 3 4 - - - 5 5 5 0 5 0 3 1 3 5 2 , , , 7 , 2 2 3 3
0 5 0 4 1 2 3 7 , , , 3 5 6 3 - - 5 0 5 7 4 9 4 2 , , , 3 4 5 3
d r d r a d a d r d n a n a d t a t n s s a . t d e r e s a y v g t d e a d i a r l g n n , a e e e a a r t r v u t h s d q e a n g e n L , v i e e s e A a h g g c I e i , , a h t c r i e e e g C s g d f i s f n n s e R i i h r r i o r v p e a , E p , s p h h e h s M s s o i g e g g i i i e s e r h h h s u M i c s h h , , u , f o O g C f n l s s t s o I t h i o w l T n n h d C / h o a S e e d e E / e t s f - m e i h C m E t m m r l c u I t i c i o r a M r a a h F r d t t a a r t g O p p e e F e i u e D A A T D O M H O R
t e k r a m d i r a m t , s r r 5 a / t a t s 4 s 3 - 5 s - l e s s t l l e o e t t h o o S h s h L t s y E e e r n g i T d s u O u u x u H B B L
5 5 5 5 5 0 5 6 8 - - 5 5 5 0 0 5 5 5 7
0 1 4 , A / 2 N 2 D N V
6 3 8 A - / 0 N 6 6
8 9 8 0 7 4 , 1 , 5 1 A A 1 7 / / N 2 N 2 1 8 4 8 3 5 , 9 1
6 3 1 , 1 A / N W R K
5 5 3 0 0 3
5 7 3 0 2 3
0 5 7 1 2 2 - 0 5 5 9 2 1
0 0 0 7 0 6 2 3 5 - - 5 0 5 4 7 3 2 2 5
0 4 6 5 8 5
0 1 3 7 8 2
3 4 3 0 1 3
1 0 4 1 5 3 - 2 7 4 8 4 2
6 9 4 , A A / / 1 N N 8 9 9
0 5 7 , A 3 / 1 N R D I
0 8 3 5 0 3
5 7 4 0 6 3
5 5 2 2 7 4 - 5 5 0 8 6 3
0 5 5 0 7 1 0 9 8 , 4 , 5 , 9 , 2 1 2 1 A A A / / / / - - - A N N N N 5 0 5 5 5 8 5 1 9 , 0 , 1 , 7 , 1 1 2 1 ) s g l n e i v e l t r d e u l a h l u n i s c g 3 i n o l d i < n e i l t ( , / n e s d s u t e i s o k r n v r a r r r n g ) o a o c t p / o s w p y s e o a c r v r C i l e a ( t e a , o h s n d s t c b n o i y u s l c t a o p w i e l n d i n , c r o e r ) b e o s u e s u l t l m t s k p s p c m r r e a a e i e o t a h f & c l p y s p s r f s r n u s l y t a r , y d r e m a s b e u t s e t a a y / d L t i ) i , r i r a d c l p s i s s d m A d r o s I n n ( y t e r n b e u e i o r u e p l R l s p v ( u s t r S h o E s c e e s t T i a l e o l h R r t o l r & l r g a S t g r g E r s 4 o n s t r n e t e e n n i H e i U s i r < F o e e u s w l ( h d d t o D d u p c F n T n u w e t c N n O M S S S G I I O U
0 0 . 5 6 R N I
8 9 . 7 P O M
= 1 $ S U : d e s U e t a R e g n a h c x E
e e f t c a r t n o c t n e m e s g e a i n c a n e m g y n i n t a n o d c n f a o s e e i v i c s n u l e c g x n i e t n d o n c a f T o T A A e V v i f V s o f u t o l t c t t x e e e n n e e r r e r a a a s s s e e e t t t a a a R R R a u t l a r a c k u a a o e M J S
. , d s t e l e t a v s e l e 5 i s 1 0 w 2 r e r h e t t r o a s u s e Q l n h t u 4 s t e a i r a e r i n a m s i l t s e o r c p f e o v o e v b i a s u e l h c n T i
1
CONSTRUCTION COST DATA CONSTRUCTION COSTS FOR SELECTED ASIAN CITIES
0 0 7 5 5 , 7 5 1 2 6 1 4 6 - - - 0 0 5 0 6 7 1 6 5 0 5 , 4 1
5 0 1 5 0 9 2 , 0 , 3 2 9 8 1 1 - - - 5 0 0 5 4 4 4 5 8 1 , , 7 1 1 1
5 0 9 3 0 , , 9 1 1 / - - A N 0 0 1 0 0 , , 7 1 1
0 5 5 5 9 6 4 6 5 9 4 5 - - - 0 0 5 0 2 6 8 2 5 8 3 5
0 0 6 6 0 0 2 2 9 , 4 , 1 8 7 1 - - - 0 5 6 0 1 1 6 1 1 8 1 , 6 , 1 1
0 0 3 8 0 , , 9 1 1 A - - / N 0 0 8 8 4 9 , 1
0 4 5 0 0 0 4 , 7 3 6 1 4 6 - - - 0 5 5 0 9 8 8 3 4 7 3 5
5 5 1 9 0 5 4 4 6 , 3 , 1 9 8 1 - - - 5 5 0 0 2 0 3 0 0 8 1 , 6 , 1 1
0 5 8 2 1 , 1 , 1 2 - - A / 5 5 N 4 5 9 6 , 1
5 5 5 0 7 5 3 9 5 9 4 5 - - - 0 5 0 5 2 6 9 3 5 8 3 5
5 5 5 7 6 5 1 1 3 , 9 , 1 8 7 1 - - - 5 5 0 5 4 5 2 6 0 7 7 , 0 , 1 1
0 5 5 5 8 8 7 0 , , 3 , 1 1 2 - - 5 0 0 8 8 6 5 9 , 1 , 1 2
G N I J I E B
5 5 0 9 7 1 5 7 0 , 9 , , 8 1 1 6 1 - - - 5 5 0 9 7 9 3 2 5 6 9 , 7 , 1 1
0 5 5 0 1 0 1 0 7 , 3 , 2 , 2 9 1 1 - - - 5 5 5 4 0 1 9 0 2 6 , , 2 9 1 1
5 0 0 4 9 2 2 1 , , 8 , 1 2 2 - - 0 5 0 1 1 9 0 7 , , 1 , 1 1 2
I A H G N A H S
0 0 0 0 0 8 , 8 5 5 1 4 7 7 - - - 5 0 5 5 4 5 7 7 6 4 6 , 6 1
5 5 5 9 4 9 4 , 6 , 1 , 1 1 A 1 - / - N 5 0 0 9 7 0 1 , 2 , 9 1 1
5 5 5 9 4 9 6 2 1 , , , 2 1 2 - - 5 5 5 4 4 7 6 , 9 , 2 2 1
N A I L A D G N A Y N E H S G U N I D G Q N G N E H O A H C F C / C 2 / U m N O / H $ E Z S H U Z G N N E A H U S G
d r d r a d a d r d n a n a d a t t n s s a . t d e r e s a y v g t d e a d i a r l g n n , a e e e a a r t r v u t h s d q e a n g e n L , v i e e s a h g e A g c I e i , , a h t c r i e e e g C s g d f i s f n n s i i h R o e r r i r v a , E p p e , h h s s M e p h s s o i g g g e e i i i e s r h h h s u M i c s h , h , u , f o O g C f n s s t s o I t l h i o l w a T n n h d C / h / e o d e e S t e E m s - m e i h C u r f E t m m l c t i c I i o r a M r a a h F r d t t a a t g F e u O p p r i e e e D A A T D O M H O R
t e k r a m d i r a m t , r s r 5 a / t a t s 4 s 3 - 5 s - l e s s t l l e o e t t h o o S h s h L t s y E e e r n g T d i s u O u u x u H B B L
A A / / N N
0 8 3 A / - A / A / A / N 5 N N N 6 3
A A / / N N
5 5 2 7 6 3 - - A / A / A / 0 0 N N N 6 5 5 3
5 8 5 0 4 4
A / N
5 9 3 A / - A / A / A / 0 N N N N 3 3
A / N
5 0 9 9 7 3 - 0 5 0 5 5 3
5 0 5 3 8 1 4 2 8 - - 5 0 0 9 5 4 3 2 7
A / N
0 5 5 3 8 5 - 0 5 7 5 7 4
5 5 5 4 9 3 2 , 6 5 1 - - 5 0 0 3 8 3 5 3 9
A / N
0 5 5 2 0 , 5 1 - 5 0 7 5 3 7
5 5 5 7 2 9 , 6 5 1 - - 1 5 5 2 7 5 5 3 7 9
5 4 5 5 9 4
5 1 6 5 3 5
0 0 6 5 2 5
l t a h n i g o l i t , n e e i s v r n w o s l o C t ( i , y n l u s e i n d o e r o l t l e m c a h a f r y f s r t , y d e s s t L t u i e r a d A o r n I n t u i R l s e p t T i a e o h l r g r g S t e n e i U s i n u w D d s w N n O I I
5 : n 3 . i a l 6 A a / B D N M & R g n a y 5 n e 3 . h , 6 S A d / r , a N B u d M d l l n R g a t a n e s e r h y e t C / h i r g o w 5 i n h , t 3 . q Y u L 6 g A n N a . / c s o N B h l k O i M C d b r o r . u R , p w a d f l n e e d h h . n s o a n a i e z s t r r n n i e e s r a t e c e u ) x h n r f y e r c 5 S o n / e u a i c 3 g . u n e d o i d r n s A 6 a t / h n n a o b z a c N B g o l s h l t c M n f e a e i s e w R a r u o h s a d e t G e t n a o v e , i t n l i y s t a u l r p i a p h l 0 u u a m c b 6 5 g m o c i n x 5 c r c e e a , 3 r . o p d ( 1 6 h e a r n S r s o a s a l , t o c 5 B g s e n o / 4 M i n t e s a u j a o a 2 n h , R i c e H t e S o 1 n B R - -
5 4 9 , 1 5 9 4 , 1
) s g l n e i v e r d e u l u l s c 3 i n < d e i l ( n / d s n s u t o k r a r r r o a g ) o c p t / p e y s c r a r v e a e a o d s h s t c b i n o c t a i w l o p n , r ) b c e s e s u t s u s e p r p m k r e a & c i o t l p s p s n u s l y a r r e a b m y t / a ) a d i i , r d c l p s s m s d i s n y e r e ( o u e v p r b u s E S o r e ( s l h l o l s t c e r & R r t l g t a n s 4 o e s n r E r i t e r < o d o e F e H d t l ( h u p c F n T n u e c t O U M S S S G
5 3 . 6 f o B e v M i R s u l c n i , s l e v e l 5 1 0 . 2 d r t e e a = t t 1 r s a $ u e S Q s i U h w : t r 4 e d t h e a t o s e s r U a s e e t s l t a s n R o u s e c i e g e r n v o a n a b i h a m c i x e l e E h r T p
1
CONSTRUCTION COST DATA M & E COSTS FOR SELECTED ASIAN CITIES
0 0 0 0 0 0 0 0 0 0 8 6 1 8 , , , , 5 , 4 1 5 4 4 - - - - 0 0 0 0 0 0 5 0 0 0 4 5 6 4 , , , , 4 , 4 1 4 4 4
0 0 0 0 0 0 0 0 1 5 6 2 2 0 , , , , 3 , 3 2 4 3 3 - - - - 0 0 0 0 0 0 5 0 0 0 4 9 8 8 , , , , 8 , 3 1 3 2 2
0 0 0 0 0 1 9 5 5 0 9 7 6 , 9 4 , 1 1 - - - - 0 0 0 0 0 9 5 0 9 0 7 7 4 , 7 2 , 1 1
I E m N / $ U B ( R B
6 9 6 6 6 2 3 3 4 4 2 3 2 2 - - - - 1 3 2 7 4 8 2 9 0 1 1 2 2 2
2 3 1 7 7 9 3 8 1 1 2 2 3 3 3 - - - - 3 4 2 1 2 3 9 9 2 5 2 1 2 2 2
9 9 4 1 0 3 1 8 4 6
)
5 0 5 0 5 7 9 6 1 9 4 4 4 2 - - - - 0 2 0 0 0 6 6 9 0 1 3 2 3 2
0 0 0 0 0 7 6 0 8 2 4 1 6 2 2 - - - - 0 4 5 0 8 3 4 5 1 8 2 1 2 2
0 5 0 9 6 5 3 5 5 4 2 - - - - 0 6 0 6 7 8 2 2 2 3 1
0 5 0 5 0 7 2 0 6 8 2 1 3 2 1 - - - - 5 5 0 0 5 6 3 4 6 9 1 1 1
5 5 0 5 5 7 4 8 2 4 2 1 3 3 2 - - - - 0 5 5 0 5 7 5 9 7 0 1 1 1 1
0 0 5 0 0 9 9 5 6 4 1 1 - - - - 0 0 0 0 0 0 5 8 3 2 1
G ) N 2 O m / K $ G K N H ( O H
0 0 0 0 0 5 0 5 5 0 8 8 7 3 , , , 7 , 2 2 2 1 - - - - 0 0 0 0 0 0 0 0 0 5 0 2 3 2 , , , 8 2 2 2
0 0 0 0 0 0 0 0 0 5 9 5 6 5 , , , 7 , 2 2 2 1 - - - - 0 0 0 0 0 0 5 5 0 0 7 9 9 6 , , , , 1 1 1 1 1
0 0 0 0 0 0 5 0 0 5 0 5 7 6 , 7 , 2 2 - - - - 0 0 0 0 0 5 0 5 0 0 6 6 4 8 , 2 , 1 1
)
0 0 0 0 0 0 0 0 5 5 5 , , , 0 , 1 6 4 3 - - - - 0 0 0 0 0 0 5 0 0 0 0 0 5 6 , , , 6 , 3 3 2 2
0 0 0 0 0 0 0 0 0 0 0 5 0 0 , , , , 3 , 6 3 9 6 6 - - - - 0 0 0 0 0 0 0 0 6 0 3 0 7 0 , , , , 6 , 3 2 4 3 3
0 0 0 0 0 0 0 0 0 0 0 0 3 , 7 , , , 6 , 1 2 2 1 4 - - - - 0 0 0 0 0 0 0 5 0 0 9 7 7 9 , 4 , 1 1
)
2
K m O / T K H G A N B A ( B )
2
A R L U m / A P M U M U R ( K L
2
* ) E 2 R m O / $ P A S ( G N I S
2
m / P H P (
A L I N A M
E P Y T G N I D L I U B
0 0 0 , 5
S E C I V R E S s e r L t A n e C I * C t N l n a g A i n i e r s m H e t l s p t s p C c u e o r i t a f E f d o h p n M S A O I H
S E C I V R E s S e r t L n A * e C * C t I l R a g n n e T s i i r m s p t C e t s l p c u e o r E i t a f f d o L h p n E O I H S A
- - - - 6 1 2 8 1 1 6 1 3 1
S E C I V R s E e r S t n C e I s L C t U l g n a n e A s i i r m s p R e t t s l p c u t e o r D i a f Y f d o h p n H O I H S A
0 0 0 0 0 5 5 9 2 5 8 7 8 8 8 - - - - 0 0 0 0 0 8 3 8 8 2 7 7 7 7 7
9 9 9 6 2 3 1 4 6 5 - - - - 2 6 6 2 2 3 1 2 3 2
0 0 0 0 8 0 5 8 1 , 2 , 4 5 A 1 / 1 - N - - 0 0 0 0 5 0 5 0 0 1 , , 2 5 1 1 2 9 5 6 6 3 1 4 3 2 - - - - 2 1 2 9 4 1 1 1
- - - - -
0 0 0 0 5 0 9 7 1 0 4 1 3 1 1 - - - - -
0 5 5 5 0 2 6 4 6 6
8 5 5 5 3 8 5 8 8 6
0 5 0 0 5 5 6 6 5 6 - - - - -
0 5 0 0 5 8 1 2 0 2 1 1 1 1 1 - - - - -
5 5 0 5 5 3 4 2 3 2
0 5 0 0 5 7 4 7 6 4
0 0 0 0 0 0 5 0 5 0 7 8 7 2 5
0 0 0 0 0 0 0 5 5 5 2 0 8 , 7 , 8 1 1 - - - - -
0 5 5 5 5 8 6 9 8 2
- - - - 0 0 0 0 0 5 5 0 0 5 1 5 4 6 5
0 0 0 0 0 0 0 0 0 0 3 2 2 , 3 , 9 , 1 , 1 1 1 - - - - 0 0 0 0 0 0 0 0 0 5 7 6 7 7 6
s S e E r t C n I e V C t R l n g E a n e i i S s r t l m s p t e s p E i c u e o r t a f R I f d o h p n F O I H S A
0 0 0 0 0 0 5 5 5 5 7 5 5 8 4
0 0 0 0 0 0 0 0 9 0 , 1 , , , 0 2 2 2 3 A - / N - - 0 0 5 0 0 0 9 0 6 8 , , 5 8 1 1
S R O T A s e L r t A n C e S C t E l n g a n e / i r i m t s p t S s l e s r T i c u e p t o a f F I f d o h p n L O I H S A
T A V f s o e c S t t i A e v r B n e g d S l i n a n a c d u l a i r t c e r c x e e a l d E d e n n s i a o d T l c e S n d e l u G f t t c o n t e i n , t e n r n e o e p m r u r a o d f s e s e n s a t a r a B T R e r k o o a p k l g i a n n g n a a i B M S f o e v i s u l c x . e d , e s t l . a e t y l v s p e l e p s u 5 i 1 w s r 0 r e 2 e C r h t / w e o t p r o A t l a s u a u s o i e l h c Q n t e i h t u w p 4 s y s t i e l s a c l e a d r n e u r e e l a g n c n e x s i t t E s n G o o C c * * *
1
CONSTRUCTION COST DATA
M & E COSTS FOR SELECTED ASIAN CITIES
)
H m N I / 0 M 0 I 0 ’ H D C N O V ( H
2
4 0 7 0 4 9 , , 2 1 A A A - / / / N N N 6 7 3 8 7 3 , , 1 1
9 9 2 6 4 2 , , 2 2 A A A - / / / N N N 7 6 3 9 0 7 , , 2 1
4 7 3 4 5 6 A / A / - / A N N N 1 6 8 4 2 5
1 5 3 5 0 0 6 5 5 8 3 1 3 2 1 - - - - 3 5 0 6 9 3 2 5 9 9 2 2 1
5 0 0 2 9 9 9 9 6 8 3 1 4 2 1 - - - - 0 0 0 0 0 1 3 0 8 4 2 1 3 1 1
0 8 9 3 5 6 7 5 3 1 1 - - - - 6 3 4 0 1 3 2 7 3 5
0 0 5 0 5 5 0 2 5 6 0 5 7 3 , , , , 8 , 6 3 5 5 2
5 0 5 5 0 9 0 2 2 0 1 7 7 8 , , , , 5 , 5 3 5 4 2
- - - - 0 5 0 5 5 5 6 5 8 3 2 9 2 0 , , , , 3 , 4 1 5 4 2
- - - - 5 5 0 0 5 6 2 0 0 2 2 7 2 6 , , , , 8 , 3 2 4 3 1
5 0 5 5 5 9 7 5 9 0 1 7 0 , , 1 , , 7 5 1 2 1 - - - - 0 0 5 0 5 5 8 6 5 4 4 5 6 4 , 9 , 3 1
0 0 0 0 0 4 3 1 0 0 1 3 7 , , 0 , 1 , 1 1 1 1 - - - - -
0 0 0 0 0 4 9 1 7 4 0 , 6 1 , 8 0 , 1 1 1 - - - - -
0 0 0 0 0 1 9 0 1 9 2 2 1 2 , 1 , 1 1 - - - - -
5 0 5 5 5 6 0 6 5 5 9 3 9 8 8
0 0 0 0 0 8 4 9 9 8 7 4 7 6 7
0 0 0 0 0 1 9 9 9 7 1 7 1 1 7
0 0 0 0 0 0 0 8 , , 1 , 3 2 1 A / A / - - N N 0 0 0 0 0 0 6 2 , , 9 2 2
0 0 0 0 0 0 1 8 , , , 3 1 3 2 A / A / - - N N 0 0 0 0 0 0 6 6 , , , 0 1 2 2
0 0 0 0 0 0 2 8 , , 0 2 2 A / A / - - N N 0 0 0 0 0 0 5 8 , , 6 1 1
)
2
m / 0 0 0 ’ W R K (
* L U O E S
)
2
m / R N I (
A I D N I
)
2
m / 0 0 0 ’ R D I (
)
2
m / P O M (
A T R A K A J
U A C A M
E P Y T G N I D L I U B
S E C I V R E S s e r L t A n e C I * C t N l g n a A i n e i r s t m H e s l s p t p C c u t e o r i f E f d o h a p n H M S A O I
S E C I V R E s S e r t L A * n e C * C t I l n R i a g e n T s t r i m s p t C e s l p r c e u E i t o a f f d o L h p n E O I H S A
S E C I V R s E e r S t n C e I s L C t U l g n a n e i A s r i t m s p R e s l t p c u t e o r D i a f Y f d o h p n H H O I S A
9 7 1 0 , 6 1 A A A 5 - / / / N N N 0 6 5 4 6 4
0 4 5 6 0 6 7 1 , 0 , , 1 1 1 - A / A / - N 1 N 3 4 1 4 9 6 2 , 6 1
5 8 5 0 8 6 3 8 7 6 - - - - 2 5 8 6 5 3 2 3 2 3
7 6 5 4 1 6 2 7 8 4 1 - - - - 2 6 0 8 9 4 1 0 4 2 1
5 5 5 5 0 7 6 6 6 7 3 , 6 , 6 5 , 1 1 1 1 - - - - 0 5 5 0 5 5 0 2 1 5 0 , 5 2 , 0 , 5 1 1 1
5 0 0 0 0 1 3 5 1 1 1 , 7 8 , 9 , 0 , 1 1 1 1 - - - - 5 5 5 5 5 7 6 7 8 9 8 5 2 , 7 , 4 1 1
0 0 0 0 0 9 0 9 1 1 3 2 3 3 3 - - - - 0 0 0 0 0 5 1 7 7 7 2 1 2 2 2
0 0 0 0 7 9 7 7 1 0 , , 8 8 1 1 A - / - - N 0 0 0 0 3 3 2 2 4 4 3 4
0 0 0 0 0 0 1 , 8 3 1 A / A / - - N N 0 0 0 0 0 5 9 6 2
0 0 0 0 0 0 8 7 6 A / A / - - N N 0 0 0 0 5 5 6 4 4
s S e E r t C n I e V C t R l n g E a n e i S s r i m t s p t e s l p r E i c u e t o a f R I f d o h p n F O I H S A
S R O T A s e L r t A n C e S C t E l n g a n e / i r i m t s p t S s e s l r T i c u e p t o a f F o I f d h p n L O I H S A
g n r i o d f u s l c t e T x a A e R V e f r . r . o a P t e t h s T e i g e S n h c i g e v n r r i y e d l a % u n d 8 S l y l c o n l a x s a l a c e e r i t e r e r t a o e c r R l n a e l a e V g g E s e e r c M n r a o i C f v B a r s s e A n t i e s o t S t s a c s t o c R i l r c i e a . u f e j T a o b r e r r m T A d V y s p u A f H e n M V c o . f o r i t t f o v d x o e r a t e e s T t n s S e l a e e t e r a a b c n i e a R i c e v r r s t . n a r a e e a s e s t h e S e a r s n c t d t l l e e a n a A g M R a R a t r a k a J
a i d n I
f o e v i s u l c x . e d , e s t l . a e t y l v s p e e l p s u 5 i s 1 w r 0 r e 2 e C r h t / w e t A o p r o t l a s u i u s o a e c l Q n h t e i h p u t s 4 s w y t i e l s e a c l a d r n e u r e e l a g n c n e x s i t t s n G E o o C c * * *
l u o e S
1
CONSTRUCTION COST DATA M & E COSTS FOR SELECTED ASIAN CITIES
)
2
m / B M R (
N A I L A D
)
3 8 6
0 3 3 8 8 9 7 6 2
A - / - - N 5 3 5 8 8 8 8 5 6 5 9
0 8 3 8 7 9 7 8 2
3 7 6
7 5 2 9 0 1 8 6 3
- A / - - -
8 N 2 7 5 5 0 0 1 4 7 5 2
4 3 6
8 5 0 7 8 9 8 5 3
8 1 1
6 7 8 9 6 4 2 1 1
A - / - - N 9 7 8 6 9 1 9 1 1 9
8 1 1
6 7 7 9 6 9 2 1 1
G 2 m N / A B Y M N E R ( H S
3 8 6
/ - - - A N 5 3 5 8 8 8 8 5 6 5 9
- A / - - 9 N 3 8 3 3 8 8 9 4 6 4 2
/ - - - A N 0 7 8 3 9 1 9 1 1 9
) G U 2 N I D m Q G / N B G E M N H O R ( H C / C
0 0 0 0 5 8 8 0 2 2 1 8 , 9 2 9 1 - - - - -
0 0 0 0 0 5 5 5 5 3 6 3 7 6 3
0 0 0 0 0 5 2 8 2 2 3 1 1 1 1
- - - - -
- - - - -
0 0 0 8 3 0 8 0 6 1 2 5 9 7
0 0 0 0 0 2 5 0 0 2 4 2 5 4 2
0 0 0 0 8 0 0 6 6 2 6 1
0 8 9 4 0 4 6 3 5 8 0 , 9 3 , 2 3 1 1 - - - - 1 5 0 7 7 2 6 5 0 2 , 0 7 1 1 7 1
5 5 6 3 5 6 4 1 5 4 7 4 9 6 4
3 0 7 6 2 9 5 5 6 1 4 1 2 1 1
- - - - -
- - - - -
0 6 0 3 8 3 0 8 8 7 5 3 6 4 2
1 2 5 2 6 9 1 4 2 8 1 3 1 1
0 0 0 0 0 5 8 5 5 1 0 , 2 1 , 9 4 1 1 - - - - -
3 0 3 6 8 0 5 4 7 9 7 4 9 6 3
0 0 0 0 0 8 0 3 4 4 4 2 2 1 1
- - - - -
- - - - -
0 0 0 0 0 6 7 1 9 4 7 1 9 7 1
0 0 5 1 3 6 2 0 8 5 4 3 7 4 2
0 0 0 5 5 7 4 7 9 9 3 1 1
3 0 6 9 5 6 6 8 2 0 1 9 2 , 1 , 4 1 1 - - - - 1 3 1 0 0 6 7 7 5 1 7 1 9 0 , 3 1
1 1 0 1 8 5 3 3 5 6 6 4 8 6 3
3 1 8 4 6 8 8 2 6 3 4 1 2 1 1
- - - 3 5 1 0 2 9 0 5 2 5 5 3 6 5 2
- - - - 8 7 8 0 9 6 3 6 1 8 1 3 1 1
S E C I V R E s S e r t L A * n e C * C t I l R a g n n e T s i i r m s p t C e t s l p c u e o r E i t a f f d o L h p n E O I H S A
S E C I V R s E e r S t n C e I s L C t U l g n a n e A s i i r m s p R e t t s l p c u t e o r D i a f Y f d o h p n H H O I S A
/ ) U N 2 O E m H / Z H B G Z N M N E R H ( A U S G )
2
m / B M R (
)
2
m / B M R (
G N I J I E B
I A H G N A H S
S E C I V R E S s e r L t A n e C I * C t N l g n a A i n e i r s t l m H e s p t s p C c u t e o r i a f E f d o h p n M O I H S A
-
4 2 2
4 5 6 2 9 4 2 1 1
- A / - - N 6 6 6 9 4 4 4 5 1 1 1 4 2 2
4 6 7 2 4 2 2 1 1
0 5 5
0 0 0 5 5 0 3 2 2
- A / - - N 0 0 0 0 0 5 5 2 3 2 1 1 0 5 5
0 0 0 0 3 5 5 2 2
- A / - - N 6 7 9 4 2 9 4 1 1 4
- A / - - N 0 0 0 0 0 0 4 2 3 3 1 1
0 0 0 0 3 3 0 0 0 2 2 3 3 9
0 0 0 0 0 8 4 8 3 3 5 3 4 4 2
- - - - -
- - - - -
0 0 0 0 5 6 3 8 0 4 1 1 1 2
0 0 0 0 0 3 4 8 8 3 3 1 2 2 1
8 7 3 0 2 4 6 1 7 2 3 2 4 3 1
1 4 5 0 8 8 3 6 6 6 4 4 4 4 2
- - - - -
- - - - -
4 9 8 7 4 2 3 7 4 6 2 1 2 2
4 0 1 6 2 9 5 4 2 2 2 1 2 3 1
5 5 5 5 5 6 2 7 7 3 2 2 3 3 1
7 0 0 0 9 7 0 2 2 8 5 4 5 5 2
- - - - -
- - - - -
0 0 0 0 0 8 5 2 2 7 1 1 2 2
4 5 2 7 5 9 4 3 2 7 2 1 2 3 1
0 0 0 0 0 0 5 8 8 0 3 2 3 3 1
0 0 5 5 5 5 9 9 9 2 5 3 4 4 3
- - - - -
- - - - -
0 0 0 0 0 2 5 8 5 5 2 1 2 2
0 5 0 5 5 8 3 2 2 6 2 1 2 3 1
s S e E r t C n I e V C t R l n g E a n e i i S s r t l m s p t e s p E i c u e o r t a f R I f d o h p n F O S A I H
S R O T A s e L r t A n C e S C t E l n g a n e / i r i m t s p t S s e s l r T i c u e p t o a f F I f d o h p n L O I H S A
f o e v i s u l c x . e d , e s t l . a e t y l v s p e l p e s u 5 i s 1 w r 0 r e 2 e C h r t / w e o A o t p r t l a s u i a u s o c e l Q n h t i e h t u w p 4 s y s t i e l s e a c l a d r n e u r e e l a g n c n e x s i t t E s n G o o C c * * *
1
CONSTRUCTION COST DATA CONSTRUCTION COSTS FOR PHILIPPINES
L A T O T
2 m / O S E P
S E C I V E R E & S M L A T O T
G N I D L I U B
N O I T P I R C S E D
0 0 0 0 0 0 0 5 7 2 0 , , , 1 , 4 9 1 3 4 5 3 6
0 0 0 0 0 0 8 0 4 6 6 , , , 9 , 1 2 9 6 4 6 3 5
- - - -
- - - -
0 0 0 0 5 0 0 0 0 2 7 , , , 9 , 4 7 5 3 3 4 2 5
0 0 5 0 0 0 2 0 5 4 7 , , , 7 , 4 3 0 0 3 5 3 4
0 0 0 0 0 0 5 0 7 4 6 , , , 1 , 0 5 2 4 1 1 1
0 0 0 0 0 0 8 0 9 1 5 , , , 4 , 3 7 2 5 1 1 1 1
- - - -
- - - -
0 0 0 0 5 0 0 0 0 7 7 , , , 9 , 7 9 2 7
0 0 0 5 0 0 0 2 5 2 9 , , , 2 , 9 8 3 6 1
0 0 0 0 0 0 0 0 0 8 4 , , , 0 , 4 3 6 1 3 4 2 5
0 0 0 0 0 0 0 0 5 5 1 , , , 5 , 7 5 7 1 2 4 2 4
- - - -
- - - -
0 0 0 0 0 0 0 0 0 5 0 , , , 0 , 7 7 3 6 2 3 2 4
0 0 0 0 0 0 0 0 0 , 2 , 8 , 5 , 5 0 3 2 2 4 2 3
d r a d n a d t r s a d e d g n n e a a r t h s d e g e n v i a h g e , , a h e e r g e s i s v i i h r r a , , s h h s g g e e i i h h s s , , u u o C s t s o I t h T n n h d S e e d e e E t m m c h t c r a M r r t a a r a O p p e e D A A T D
d r d r a a d d n n a a t t s s . y e t e i l v g a a a r u , e q e r v t e L a , i g n e s A I e t s c c e g d C i r n n f f R o p i p e E p h e m M s s o g i h i M r e c s h i h , f O f n s g i o l l C w / h / o a E e t s m m i - l C u r f I i i o - t a F d h t g e F i u e O M H O R
0 0 0 5 5 0 7 1 , , 8 , 2 7 7 6 6 7
0 0 4 , 1 2
0 0 8 , 3 2
0 0 5 0 3 , 3 , 4 3 2 2
0 0 0 2 0 0 3 2 , , , 8 2 5 5 6 3 3
0 5 9 , 8 6
- - 0 0 0 5 0 0 4 7 , , 4 , 6 8 3 4 4 6
0 5 1 , 7 1
0 5 3 , 9 1
- 0 0 5 5 7 , 8 , 0 7 2 1
- - 0 0 0 0 5 0 5 5 , , , 7 1 6 9 5 2 2
0 0 2 , 4 5
0 0 0 5 5 0 0 3 , , 7 , 6 0 3 1 2 2
0 0 2 , 7
0 0 2 , 7
0 0 5 0 0 , 8 , 7 6
0 0 0 0 0 2 5 0 , , 7 , 3 0 9 1 1
- - 0 0 0 5 0 0 4 6 , , 3 , 2 3 4 1 1 1
0 5 3 , 0 2
-
-
0 5 9 , 3
0 5 9 , 3
- -
- - -
0 0 5 5 9 , 6 , 3 3
0 0 0 0 5 0 0 0 , , , 2 6 7 7
0 0 6 , 2 1
0 0 0 0 0 0 7 8 , , 2 , 6 6 4 4 4 5
0 0 2 , 4 1
0 0 6 , 6 1
0 0 0 0 3 , 5 , 7 6 1 1
0 0 0 0 0 0 2 , 8 , 1 , 2 4 3 2 2 5
0 0 6 , 8 4
- - 0 0 0 0 0 0 0 1 , , 1 , 4 5 9 3 3 4
0 0 2 , 3 1
0 0 4 , 5 1
- 0 0 0 0 8 , 2 , 6 4 1 1
- - 0 0 0 0 0 0 5 5 , , 5 , 9 2 5 1 2 4
0 0 6 , 1 4
t e k r a m d i r a m t , r s r 5 a / t a t s 4 s 3 - 5 s - l e s s t l l e o e t t h o o S h s h L t s y E e e r n g i u T d s O u u x u H B B L
l t a h n i g o l i t , n e e i s v r n w o s o C i l ( t , n s y l u e n d i o e r o l t l m e a c a h r f y s f d r t , y e s s e t u L t i r a A o r d I n t n u s e i R l t p T i a l e o h r g r g S t e n e i U s i n u w D d s w N n O I I
) s g l n e i v e r d e u l u l s c 3 i n d < e i l ( n / d s n s u t o k r a r r r o a g ) o c p t / p e y s c r a r v e a e a o d s h s t c b i n o c t a i w l o p n , c r ) b e s u s e u k p t s s p m r r i e a & e o t c l p s p s n u s l y a r r e a b m y t / a ) a d i i , r d c l p s s m s d i s n y e r e ( o u e v p r b u s E S o r e ( s h l l o l s t c e r R r t l g t a n & s 4 o e s n r E r t i e e r < F o t d o e H d l ( h n c F u p T n u e c t O U M S S S G
% 5 . 0 y l e t a m i x o r p p a y b e s a e r c n i o t d e t c e p x e e r a s t s o c g n i d l i u b a l i n a . M 5 . s 1 l e 0 v 2 e g l n 5 i r 1 u 0 d 2 ) r d e e t r d a n u u Q o p h t m 4 o c t ( a h e r t a n o s m t s r o e C p
1
CONSTRUCTION COST DATA M & E SERVICES COSTS FOR PHILIPPINES
2 m / O S E P
G S N I E I B C M V U R L E P S
0 0 0 0 0 0 0 0 1 , 7 , 5 , 7 , 2 2 1 3 - - - 0 0 0 0 0 0 0 0 4 , 1 , 7 4 , 1 2 2
0 0 0 0 0 0 9 0 6 , 0 , 1 , 6 , 1 2 1 1 - - - 0 0 5 0 0 0 9 0 9 5 , 5 7 1
/ R O S T T A F I L L A C S E
0 0 0 0 0 , 1 , 2 2 - - 0 0 0 0 8 9
-
0 0 0 0 0 0 0 0 2 , 9 , 7 , 0 , 2 2 1 2 - - - 0 0 5 0 0 0 9 0 6 , 2 , 5 7 1 2
S E E C I R I V F R E S L A S C I E N C A I H V C R E E S M L A S C I E R C I T V C R E E L S E
0 0 0 0 9 3 , 1 - - 0 0 5 0 6 7
-
0 0 5 0 0 0 6 0 9 2 , , 7 3 1 1 - - - 0 0 0 0 0 0 5 0 7 7 5 7
0 0 0 0 0 0 0 5 4 , 0 , 3 , 9 , 1 3 1 2 - - - 0 0 0 0 0 0 0 0 6 1 , 6 5 , 2 2
0 0 5 0 0 0 2 0 5 , 0 , 8 , 5 , 4 5 3 4 - - - 0 0 5 0 0 0 2 0 0 , 0 , 1 , 5 , 3 4 2 2
0 0 0 0 0 0 0 0 3 , 3 , 8 , 5 , 4 6 1 5 - - - 0 0 0 0 0 0 0 0 6 , 9 , 4 , 0 , 3 3 1 3
0 0 0 0 0 0 0 0 7 , 0 , 1 , 0 , 4 6 5 6 - - - 0 0 0 0 0 0 6 0 3 , 8 , 0 , 6 , 3 4 3 3
0 0 0 0 0 0 0 5 7 , 6 , , 1 , 4 0 5 4 2 1 1 1 - - - 0 0 0 0 5 0 0 0 0 , 7 , 7 , 9 , 7 9 2 7
0 0 0 0 0 0 8 0 9 , 1 , 5 , 4 , 3 7 2 5 1 1 1 1 - - - 0 0 5 0 0 0 2 0 5 , 9 , 2 , 2 , 9 3 6 8 1
S L E A C T I O V T R E S
N O I T P I R C S E D
d r a d n a d t r s a d e d g n n e a a r t h s d e g e n v i a h g e , , a h e e r g e s i s v i i h r r a , , s h h s g g e e i i h h s s , , u u o C s t s o I t h T n n h d S e e d e e E t m m c h t c r r M a a a a r t O p p r e e D A A T D
d r d r a a d d n n a a t t s s . e e y v g t a i a r l , e a e r v u t q a n L , e e s A g c I e i c t C i s g d f n n R f e i r o p e E p p h e M i s s o i g h h M r e c s i , f O h f n l s g i o l C w a / h / e o E s t - m m i C l u r f I i i o - t a F d h t g u e F e i O M H O R
0 0 0 0 0 0 8 , , 8 , 0 2 3 4 - - 0 0 0 5 0 0 9 , 3 , 4 , 1 2 2 0 0 0 0 0 0 3 , 9 , 0 , 2 2 3 - - 0 0 0 0 0 0 8 , 7 , 8 , 1 1 1
0 0 3 , 1 0 0 7
-
0 0 3 , 1 0 0 7
-
0 0 0 0 0 0 5 1 , , , 8 1 1 2 - - 0 0 0 0 0 0 4 9 , , 4 1 1
0 5 8 , 2 0 5 7 , 1
-
0 0 0 0 0 0 2 8 , , , 5 1 2 1 - 0 0 0 0 6 , 8 1
0 0 8 , 1 0 0 9
0 0 0 0 3 , 3 , 1 1 - 0 0 0 0 7 7
-
0 0 0 5 5 0 9 9 2 , 1 - - 0 0 0 0 0 5 7 7 6
0 0 0 0 9 9
0 0 5 0 7 9
0 0 0 0 0 0 9 9 7
0 0 0 0 6 6
- 0 0 0 0 6 7
- - 0 0 0 0 5 0 4 6 6
0 0 5 , 1 0 5 7
0 0 0 0 0 0 5 , 2 , 5 , 4 6 6 - - 0 0 0 0 0 0 3 , 8 , 0 , 3 3 4
0 0 5 , 1 0 5 6
0 0 5 , 1 0 5 6
0 0 0 0 3 5 , 1 1 - 0 0 5 5 6 4
0 0 0 5 0 0 4 5 , , 9 3 1 1 - - 0 0 0 0 0 0 5 6 6 , 1
0 0 5 , 6 0 0 2 , 4
0 0 0 0 0 0 5 , 5 , 0 , 5 6 9 - - 0 0 0 0 0 0 7 , 1 , 4 , 4 5 5
0 0 5 , 3 0 0 0 , 2
0 0 5 , 3 0 0 0 , 2
0 0 0 7 0 0 9 3 , , , 7 3 4 4 - - 0 0 0 0 0 0 3 6 , , , 9 2 3 3
0 0 7 , 7 0 0 0 , 5
0 0 0 5 5 0 3 0 , , 7 , 6 0 3 1 2 2 - - 0 0 0 5 0 0 4 3 , 6 , , 2 3 4 1 1 1
0 0 0 0 5 , 3 , 3 3 - 0 0 0 0 0 , 8 , 2 1
0 0 2 , 7 0 5 9 , 3
0 0 2 , 7 0 5 9 , 3
0 0 0 5 0 , , 8 6 7 - 0 0 5 5 9 , 6 , 3 3
0 0 0 0 0 2 5 0 , , 7 , 0 3 9 1 1 - - 0 0 0 0 5 0 0 , 2 , 0 , 7 7 6
t e k r a m d i r a m t , s r r 5 a / t a t s 4 s 3 - 5 s - l e s s t l l e o e t t h o o S h s h s L t y E e e r n g i u T d s O u u x u H B B L
l t a h n i g o l i t , n e e i s v r n w o s o C i l ( t , n s y u l e n d i o e r o l t l m e a c a h r f y s f t r d , y e s s e t u L t i r a A o r d I n t n u i R l s e t p T i a l e o h r g r g S t e n e i U s i n u s w D d w N n O I I
0 5 3 , 0 2 0 0 6 , 2 1
) s g l n e i v e d r u e l u l s c 3 i n d < e i l ( n / d . s n s u t s l o k r r r o a r e a g ) o v c t p / e p e y s r a c l r v 5 a e h e a o d s 1 s t c b n o i i c 0 t a 2 w l o p n , r ) b r c e s e e s u t s u t k p s p r m r r i - a e a & e c t l o u s p p s n u l y a r r e m s a Q b t a / d i h ) a i , y r d c l p t s s m s d i s 4 n y e r e b ( o t u p r l u s E a r v S o e ( h s e e r l o l s t c r e R g t r l n s t & a r s E i 4 o e t n r a e e s r e F < o t d H d l ( n t o u p c F T n u h e s c t o O U M S S S G C
1
CONSTRUCTION COST DATA
CONSTRUCTION COST SPECIFICATION
The costs for the respective categories given on the previous pages are averages based on fixed price competitive tenders. It must be understood that the actual cost of a building will depend upon the design, procurement methods and many other factors and may vary from the figures shown. The costs per square metre are based on construction floor areas measured to the outside face of the external walls/external perimeter including lift shafts, stairwells, plant rooms, water tanks and the like. All buildings are assumed to have no basements (except otherwise stated) and are built on flat ground, with normal soil conditions and minimal external works. The costs exclude land cost, professional fees, finance and legal expenses. The standards for each category of building vary from country to country and do not necessarily follow those of Manila. All costs are in US$/m² CFA. Fluctuation in exchange rates may lead to changes in construction costs expressed in U.S. dollars. FF&E refers to loose furniture, fixtures and equipment. FF&E is excluded from office, residential and retail project costs, but are included in hotels and country club project costs. DOMESTIC
Average standard apartment buildings of 6-8 flats per floor, 50m² - 150m² per flat, facade comprising textured paint and punch window, internal finishes comprising wood finish, plaster and paint and painted rubbed concrete ceiling to residential units and local ceramic tiles to toilets. Luxury residential facade comprised of window wall, textured paint with stone accents, finished with homogeneous tiles, wood cladding and coved timber ceiling to lobby, combination of wood planks, plaster and paint and gypsum board to residential units and homogenous tiles to toilets.
Air conditioning, gensets, automatic sprinkler system, complete plumbing and disposal system, complete fire alarm and detection system, CATV system are allowed for luxury apartments and prestige houses. Services to standard apartment also include for paging system and Davit type gondola. Services to luxury residential also include CCTV cameras on lobby, track mounted type gondola and helipad provision. OFFICE/COMMERCIAL
Based on building 30-40 storeys high with floor plate minimum 1,000m² per level. Average standard offices and shopping centres have bare finish and exclude A/C ducting and light fittings to tenants areas. Prestige offices have curtain wall elevations, stone finished lobbies. INDUSTRIAL
Owner operated factories exclude manufacturing equipment, air-conditioning and special services provisions. HOTELS
F.F. & E. includes interior decoration and loose furniture, etc. but excludes hotel operator’s items (e.g. cutlery, crockery, linen etc.). Includes 1 level of basement. OTHERS
Carparks to be multi-storey, above ground. Schools with standard government provisions. Student hostels to university standard. Hospitals include fit-out to nursing rooms, hospital facilities; services i.e., oxygen piping, A/C, genset, ultrapure water system, fire suppression system and special type plumbing fixtures; fit-out to doctors’ offices is excluded.
1
CONSTRUCTION COST DATA
MAJOR RATES FOR SELECTED ASIAN CITIES
) $ B (
) T H A B (
I E N U R B
0 0 0 0 0 0 5 5 5 . 0 . 0 . 6 . 0 . 0 . 0 . 6 . 3 4 0 0 0 3 3 3 4 2 3 1 1
) $ K H (
) P H P (
0 0 . 8 5
0 0 0 0 0 0 3 2 0 0 0 2 2 2 5 0 0 2 2 2 2 0 1 1 1 6 2 4 4 7 , 6 , 2 2
0 0 2 , 1
#
K O K G N A B
R ) A U M L P A R ( U M K U L
) $ S (
0 0 0 . . 5 5 7 1 1
0 0 . 5 1
* * E R O P A G N I S G N O K G N O H A L I N A M t i n U
N O I T P I R C S E D
0 2 5 1
0 2 5 1
5 2 0 2
0 7 0 6
0 0 0 0 3 8 2 . 3 . 2 3 3 3 - - - 0 0 3 3 4 6 2 2
5 4 8 3
5 0 4 5 - 8 5 3 4
0 6 5 5
0 0 . 0 5
0 0 0 0 . 0 . 0 . 3 0 5 3 . 0 3 1 1 2 1 - - - 0 0 0 0 0 2 . 0 . 2 . . 0 0 1 1 9 3 1 1
0 0 . 2 4
0 0 . 0 0 4 0 . 2 4 0 0 . 5 3
0 0 . 3 4
0 0 . 0 2
0 0 . 0 2
0 0 . 0 2 0 0 . 5 1
0 0 . 5 2 2
0 0 . 5 0 2
0 0 . 0 8 2
0 0 . 0 5 9
0 0 0 0 0 . 0 . 5 . 5 . 0 0 9 9 0 0 2 , 4 , 1 1
0 0 . 0 2 4
0 0 0 . 0 . 0 0 2 2 4 4
0 0 . 0 8 8
0 0 . 0 2 2
0 0 . 0 5 2
0 0 . 5 4 1
0 0 . 4 8 7
0 0 0 0 0 . 0 . . 0 . 0 0 0 2 3 5 0 4 4 7 , 5 , 2 3
0 0 . 0 0 9
0 0 . 0 A 5 / 8 N
0 0 . 0 0 1 , 1
3 3 3 3 3 3 g g 2 2 2 2 m m m m m m k k m m m m s l l e a t i d s e w d f f n d t o i n l 0 n a b s 3 t e f l t t s s m n a d e o o o i m n l e l m r e d n n e s b a 4 e m 5 m t a ; p t c ; i r r u 1 f s e p s l w 6 . t e g e a e g c f o f r o k 0 g e r n o n e n e m o n e o i s c i c ” i d t t e t d d c f d i r d e o b s a o n e r e m o m e d l r t r r t i n e s t a a g c e o e m f o i h 0 k b d s 0 r 5 a r e n r o k r k r b s H a c v a l o i r l 0 . a e t o d r o o . t s w h l b o e 2 f 1 c k r c o a e e w c r T l i e o d m g g g g x c d l i m t m h e s n n i n n e t n e e r m C s r i t i t i c d n o o e o e d a t t e f n f m k d a d e m n c r o i o e v e v e v s e l l f f n p n 5 i . a e a e o m s h p f n s i d h w s w 2 i c c c c m 0 l l g t i a i e i x x x x e 5 a u a 1 K o r E e E e R 1 w M R M H S s S 1 “ p . . . . . . . . . . . . 0 1 2 1 2 3 4 5 6 7 8 9 1 1 1
0 0 . 0 1 2 0 0 . 0 6 1
0 5 . 3
0 0 . 0 0 0 , 7
0 0 . 5 5
0 0 . 5 5
0 0 . 0 0 2
0 0 . 0 2 2
0 0 . 0 0 2 , 1
0 0 . 0 0 8
0 0 . 0 2 1
0 0 . 0 0 5 -
0 0 . 8
0 0 . 8 -
0 0 . 0 5 3
0 0 . 6
0 0 . 6
0 0 . 2 2 0 0 . 5 1
0 0 . 0 7 0 0 . 0 5
0 0 . 5 4 0 0 . 5 3
0 5 . 4
-
0 0 . 2 2 -
0 0 . 0 9 2
0 8 . 5 0 8 . 4
0 8 . 5 0 8 . 4
0 0 . 0 5 9 , 2
0 2 . 3
0 0 . 9
0 0 . 5 1
0 0 . 1 2
0 0 . 5 9
0 0 . 5 7 2
0 0 . 0 0 6 , 1
0 0 . 5 6 9
g k
2
2
2
2
g m k
, s w o d n i w t n e m e s a d c e z m u l i a n g i e l m u g l n i A . s 3 1
0 0 . 0 3
0 0 . 0 5 2
0 0 . 5 9
2
0 0 . 4 7
0 0 . 8 2
0 0 . 0 8 3
0 0 . 0 4 1
0 0 . 0 0 5 , 0 1
0 0 . 2 2
0 0 . 3 3
0 0 . 5 4 1
0 0 . 2 4
0 0 . 8 3
0 0 . 8
, , s s l m e a n e n a b e h k i l c e k , k r e s i l o h e t l e w l h d g t e n n e a d t a n s s l n k a a d o r r o i n u t h l w c c e a n e s u t r a t t t l a s S f S . . 4 5 1 1
m
m
m
0 0 . 0 7 5
m
0 8 0 . 5 5
8 1 2 1
2 1 0 6 5 . 3
0 0 . 4 0 5 . 3
7 1 3 1
k c i h t m m 6 ; s h e s i g n r i f a h d c e z g i n d i o p n m a u h d t i g T w T i n A m S d V u G l u f i f c n o o i n t t m t t i e l u e e n A n t a e e R r r a 3 a s 1 s 3 e e t m t m a e a e R t I R t I
g e r n k o o K o a p k l 5 i a g g 0 1 n n g n 0 n o - a a i . 0 0 B M S H
6 1
0 0 . 0 2 2
8 1 2 1
2
m %
) ) o 3 t r 4 : : o d t s 1 1 n r o ( e ( i l i f a r a d d o a p o n n t b n i a r a n s s d t e i o i m e d d d s l s l e n a n d l r u s a e a p e c p t t m b s s a d n n e l f l u s e ) e g f r t e a o e s n u o l i m m i / r s c e n e s e w t m b i i t l p o d ( c C C F t i a e g o r x d g r m n c e e m n m e a e m i i t l t e i o e m v m m s r s g r 5 a 0 a e c 2 e a a w l c l 2 p 2 p C s 1 T p r . e . . . . v 6 7 8 9 0 1 1 1 1 2 A
e e t a s r i t w c r e a r h t n t o o c s s e l c e i r n p u d s e e i x c i f n e m g u i n s t p n o m c u d l n n o a . . d s e T T e i s r S A a a V G n b i f f e m o o r i l a e t t t t r e e s t p n n s f e e o o r r c f a a e o s s v e e e t o i v . t b s a a a u d R R l e e c t a * h x t T e s * #
1
CONSTRUCTION COST DATA MAJOR RATES FOR SELECTED ASIAN CITIES
0 4 . 5 7
0 5 . 4 8
0 8 . 7 7
0 9 . 6 8 3
0 3 . 8 6
0 4 . 6 7
0 4 . 0 7
0 0 . 0 5 3
0 0 . 0 0 9 , 9
0 0 0 0 0 9 . 5 . 5 . 7 . 3 . 2 5 9 7 3 2 7 1 1 0 5 2 , 9 , 1 1 - - - - 0 0 0 0 0 9 . 4 . 6 . 0 . 0 . 7 7 7 6 4 7 8 1 1 8 3 1 , 7 , 1 1
0 0 . 0 6 2
0 8 . 8 1 2
0 2 . 6 4 5
- 0 0 3 . 0 . 5 8 3 9 2 1
0 2 . 4 9 4
0 0 0 . 0 . 0 0 0 0 4 , 7 , 9 4 2 4
0 0 . 0 0 3 , 9 3
0 0 0 . 0 . 0 0 5 4 6 9
0 0 . 5 2 4 , 1 0 0 . 0 5 2
) 0 0 0 ’ D N V (
H N I M I H C O H
) W R K (
L U O E S
0 0 . 0 3 9 , 1
0 0 . 0 3 9 , 1
0 0 . 0 0 2 , 9 2
0 0 0 0 0 . 0 . 0 . 0 . 0 0 0 0 0 0 4 8 4 , 0 , 2 , 2 , 4 8 1 1 6 7
) R N I (
A I D N I
0 0 . 5 7 1
0 0 0 . . A 0 5 / 5 9 N 2 0 1 , 4
0 0 0 0 0 . 0 . 0 . 0 . 0 0 3 5 5 5 6 6 6 , 8 , 5 6
) 0 0 0 ’ R D I (
A T R A K A J
0 0 . 5 3
0 0 . 5 4
0 0 . 8 3
0 0 . 0 7 3
0 0 0 0 0 . 0 . 0 . 0 . 0 0 0 0 5 0 1 1 0 , 2 , 1 1
0 0 . 0 9 1
0 0 0 . 0 . 0 0 7 7 1 1
) P O M (
U A C A M
0 0 . 0 2 1
0 0 . 0 4 1
0 0 . 0 9
0 0 . 0 0 1 , 1
0 0 0 0 0 . 0 . . 0 . 0 0 0 8 8 0 0 4 , 3 , 1 1
0 0 . 0 8 2
0 0 0 . 0 . / 0 0 A 8 0 N 2 5
t i n U
N O I T P I R C S E D
0 0 . 0 0 4 , 9 2 0 0 . 0 0 6
3 3 3 3 3 3 g g 2 2 2 2 m m m m m m k k m m m m s l l e a t i d e s w d f f n d t o i n l 0 n a b s t 3 e l f t t s s m n a d e o o o i m n l l m r e d e e s n n b e m a 4 5 a m c t ; p t ; i r r u w 6 1 e o f s p s e a e . g l f t g r c g e 0 f o k n e r n o n e n e m o ” i e o i c i t s c i d e d c t f e d t d r d e o b s a o n r t r e m o m e d l n e t r r i s t o g e m a o c a h e i 0 a b k d k k b r s 0 f r n s r r r 5 e o H e t a o i c r l o a l 0 . v r o d o . t e c a o e s w h l b o 2 f 1 c k r a w e c r e d m T o g g g g x i m c d l l t i m s n n i n n e h n e e s r e r m C t i t i t i d c n o o e o d e e f c r a t n f m k d a d e n m o e v t o i l l v e v e o e n 5 f s f s i n . p f m s i a e a e n d h w p w 2 i h c c c c m 0 g a s a 1 l o t i i a r e l i x x x x e 5 K u S “ p 1 M H E e E e R 1 w M R S s . . . . . . . . . . . . 0 1 2 1 2 3 4 5 6 7 8 9 1 1 1
0 4 9 , 2 0 6 6 , 2
7 . 8 2 0 . 6 2
5 . 1 3 5 . 8 2
0 0 . 0 0 0 , 1 2 3
0 0 . 0 6 6 , 1
0 0 . 0 6 6 , 1
0 0 . 3 0 1
0 0 . 3 0 1
0 0 . 0 0 2 , 1
0 0 . 5 2
0 0 . 5 2
0 0 . 0 0 0 , 4
0 0 . 8 3
0 0 . 0 5 2 , 5
0 0 . 3 4
2
g g m k k
, s , , s w s l o m e d n n a i e n a b e h w k t i l c e n k , k i e r e s l o h e m w t l e e l d g h t s e n n a t d d e a a c n s e l s a z m a n k r a u d l r o o i i n g u n t h l w i e c c e a l m s u t e r n u g t a t l a n t l i s S f A S . . s . 3 4 5 1 1 1
5 . 3 6 4 . 7 5
6 . 0 9 0 . 2 8
7 . 4 6 2 5 . 9 3 2
3 . 3 1 3 5 . 3 8 2
8 . 5 8 2 - 1 7 . 8 7 7
0 0 . 0 6 1 , 3
0 0 . 0 0 3 , 9
0 0 . 0 0 4 , 4 6
0 0 . 0 0 5 , 6 2
0 0 . 1 0 1 7 8 , 6 7
0 0 . 0 0 4
0 0 . 0 4 3
0 0 . 0 5 4 , 1
0 0 . 0 0 1 , 1
0 0 . 2 0 1 1 2 8
0 0 . 0 6
0 0 . 5 7
0 0 . 0 6 1
0 0 . 0 5 1
0 0 0 . 1 5 2 6
0 0 . 0 0 5
0 0 . 0 5 6
0 2 0 . 1 0 0 6 2
0 0 . 0 2 1
0 0 . 0 5 1
i a b n m i u s M t c . e x j a T o r T A p e V f n i c o o v t r d e t r e e e S s n i m a d r e b n r p a x a i . d & F T r n t e A & V h a a o y g s f l i t c r p o h s e p t o d c n u t e % T S r u 8 A n u g y V e e l o n r l f a r b i a a o r l a d e t e d u t v n n e l e o a e d c n n b g u I l e a e c e r s r r o n 0 a e l a i a t s a g s s 2 e r n t t e m t s a l e l a o a t I R A B c R
a t r a a k i a d n J I
h n i M i l h u C o e o S H
t c a r s t s n l e o n c u e s 2 2 2 2 c e 2 i r i % m m m m m p c d n e e x g i n f i t m n d u o r c ) s ) a o d 3 t r 4 o p : : n t o s b 1 1 a r n i o d ( e m ( i l u m a r l s a d d f e u o a i p o b n n n t s r n o a i a r a n m s s d t e i n d y o m i i e e l g d d d s s m s i e n a l s n d l a l u e r b m a e a p p e r c t m t m p e s s b d a 9 n n e r l f l s e a o ) u g f f e r t e a l . o e s n u o f s d 9 i m m i / r t s c e n e e 1 s e w t m b s o t i i t l p o d ( F e a m c C C t i a e x o v t e c i g d g o r r e m s s t n m e m c e n m e e i i a u e I t l t v e l i e r m v m s : o s g o c i s e r m e a 5 a 0 a c 2 c w a a b x w t l l 2 p 2 r C s 1 a e r r T p a . e . p . . e k . e t e h v h 6 7 8 9 0 t a 1 1 1 1 2 A T a r o J
1
CONSTRUCTION COST DATA MAJOR RATES FOR SELECTED ASIAN CITIES
) B M R (
N A I L A D
G ) N B A Y M N R ( E H S G U ) N I D B Q G N M G E R ( N H O C H / C / U O ) H N B Z E H M G Z R N N ( A E U H G S ) B M R (
G N I J I E B
I A ) B H M G N R ( A H S t i n U
N O I T P I R C S E D
0 0 . 8 2
0 0 . 3 3
0 0 . 0 3
0 0 . 0 7 1
0 0 0 0 0 0 . 0 . 2 . 2 . 0 . 0 0 4 4 2 2 0 9 4 5
0 0 0 . 0 . A / 2 0 N 9 7
0 0 . 2 2
0 0 . 5 2
0 0 . 5 3
0 0 . 0 5 1
0 0 0 0 0 . 0 . 2 . 2 . 0 0 4 4 1 0 4 5
0 0 . 0 9
0 0 0 . 0 . A / 0 0 N 9 7
0 0 . 8 1
0 0 . 5 2
0 0 . 2 5
0 0 . 0 5 1
0 0 0 0 0 . 0 . 5 . 5 . 0 0 3 3 4 6 3 3
0 0 . 0 5
0 0 A 0 . 0 . / 0 5 N 5 6
0 0 . 0 3
0 0 . 5 2
0 0 . 5 6
0 0 . 0 8 1
0 0 0 0 0 0 . 0 . 0 . 0 . 0 . 9 4 5 5 0 4 8 8 4 4
0 0 0 / . 0 . A 0 0 N 8 6
0 0 . 6 2
0 0 . 1 3
0 0 . 7 3
0 0 . 0 7 1
0 0 0 0 0 0 . 0 . 0 . 0 . 0 . 3 7 4 4 5 3 1 8 4 5
0 0 0 / . 0 . A 3 2 N 7 7
0 0 . 0 3
0 0 . 0 3
0 0 . 8 9
0 0 . 5 6 1
0 0 0 0 0 0 . 0 . 4 . 4 . 0 . 0 0 3 3 4 2 2 8 3 4
0 0 A 0 . 0 . / 4 5 N 8 8
3 3 3 3 3 3 g g 2 2 2 2 m m m m m m k k m m m m s l l e t a i d e w s d f d f n t o i n l 0 n a b s t 3 e l f t t s s m n a d e o o o i m n l l m r e d e e s n n b e m a 4 5 a m c t ; p t ; i r r u w 6 1 e o f s p s e a e . g l f t g r c g e 0 f o n e k r n o n e n e m o ” i e o i c i t s c i d e d c t f e d t d r d e o s a o n r e m o m e d l r t r r t s b n e i t o g e m a o c a h e i 0 a b k d k k b r s 0 f r n s r r r 5 e o H e t a o i c r l o a l 0 . v r o d o . t e c a o e s w h l b o 2 f 1 c k r a w e c r e d m T o g g g g x i m c d l l t i m s n n i n n e h n e e s r e r m C t i t i t i d c n o o e o d e e f a c r t n f m k d a d e n m o e v t i o l l v e v e o e n 5 f s f s i n . p f m a e a e n d h w p w 2 i s i h c c c c m 0 g a s a 1 l o t i i a r e l i x x x x e 5 K u S “ p 1 M H M R E e E e R 1 w S s . . . . . . . . . . . . 0 1 2 1 2 3 4 5 6 7 8 9 1 1 1
0 8 . 9
0 0 . 7 3
0 0 . 0 4
0 0 . 0 4 1
0 0 . 0 4 1
0 0 0 . 1 2 3 5
0 0 . 0 0 8 . 0 9 7
0 8 . 9
0 0 . 5 2
0 0 . 6 2
0 0 . 5 6 1
0 0 . 0 2 1
0 0 0 . 1 0 3 5
0 0 . 0 0 5 . 0 8 7
0 5 . 8
0 0 . 8 2
0 0 . 2 3
0 0 . 0 2 1
0 0 . 0 2 1
0 0 0 . 1 5 3 5
0 0 . 8
0 0 . 0 3
0 0 . 5 2
0 0 . 0 5 1
0 0 . 0 8 1
0 0 0 . 1 0 3 5
0 0 . 5 5 3 . 1 9 8
5 . 8
0 0 . 7 2
0 0 . 8 2
0 0 . 0 4 1
0 0 . 2 6 1
0 0 0 . 1 2 3 7
0 0 . 0 9 6
0 0 . 8
0 0 . 0 5 1
0 0 0 . 1 9 3 5
0 0 0 . 8 . 0 9 0 7
0 0 . 5 2 5
2
0 0 . 0 1
0 0 . 0 1
g m k
g k
, s , , s w s l o m e d a n n i e n a w b e h k t i l c e n k , k i e r e s l o h e e m w t l e l d g h t s e n n a t d d e a a c n s e l s a z m a n k r a u d l r o o i i n g u n t h l w i a c c e l e m u n t e s r a t u g t l a n t l i s S f A S . s . . 3 4 5 1 1 1
s l l a w k c o l b e t w e o r d c n n i o w c k d c e i z h a t l g m e m l 0 b 2 u o 1 d r r o o f f e e t a t a R r - 1 3 1 1 m m e e t I I t i , a u n h d i a g g l n n a a e h h D , S C g / n g a n y i q n g e n h o S h C , g n i j i e B
e e t a s r i t w c r e a r h t n t o o c s s e l 2 2 2 2 e c i % m m m m m r n p u d s e e i x c i f n e m g u i n ) ) s t o 3 t r 4 p n : : o t o s d 1 1 m c r n o ( e ( i l i u d f a l r a d d o a n n p o n n t b n o a i a r a n s d s s e i o i m d t e e e i d d d s l r s l s e n a s a n d l r a u e n a a b i p p e c t t m m s s b n n i e a d e l l l e r ) u g f f e r t e a s a e e s o n u o l c / r i s r m m i p t w s t e b n t e s e s f i i m l o i d p o o ( F c C C t a x c f g o e d g r r e e o m n m m m c e n e e i i t a l t e v e i o e m v m m s r s g o i r v . e c 2 e w 5 a 0 a a a b s d l c l 2 p 2 p C r s 1 T a u p e . e e l . . . t . c v 6 7 8 9 0 a x t 1 1 1 1 2 A h T e s
0 0 . 5 2
0 0 . 6 2
0 0 . 5 5 1
1
CONSTRUCTION COST DATA
RETAIL PRICES OF BASIC CONSTRUCTION
Cement Php / bag (40kg) 240
230
220
210
200
190
180
2010
2011
2012
2013
2014
2015
2013
2014
2015
Year
Aggregates Php / m3 1000
900
800
700
600
2010
2011
2012
Year
MATERIALS FOR PHILIPPINES
Ordinary Concrete Hollow Blocks Php / piece 15
14
13
12
11
10
2010
2011
2012
2013
2014
2015
2013
2014
2015
Year
Timber Php / bdft 180 160 140 120 100 80 60 40 20
2010
2011
2012
Year
1
CONSTRUCTION COST DATA
RETAIL PRICES OF BASIC CONSTRUCTION Reinforcing Bar (Intermediate Grade - Grade 40; 275 MPa) 45
Php / kg
40
35
30
25
20
2010
2011
2012
2013
2014
2015
Year
Reinforcing Bar (High Yield Grade - Grade 60; 400 MPa) Php / kg 45
40
35
30
25
20
2010
2011
2012
Year
2013
2014
2015
MATERIALS FOR PHILIPPINES
Structural Steel (Angle Bar; A36) Php / kg 60
55
50 45 40
35 30
25
2010
2011
2012
2013
2014
2015
2014
2015
Year
Structural Steel (Wide Flange) Php / kg 50
45
40
35
30
2010
2011
2012
Year
2013
1
CONSTRUCTION COST DATA UNIT COSTS FOR ANCILLARY FACILITIES FOR PHILIPPINES
DESCRIPTION
UNIT
PESO
SQUASH COURTS
Single court with glass backwall including associated mechanical mechanical and electrical services per court but including any public facilities (enclosing structure not included)
1,400,000
TENNIS COURTS
Single court on grade with acrylic surfacing completed with chain link fence
per court
2,000,000
Single court on grade with artificial turf surfacing including chain link fence
per court
2,400,000
Extra for lighting
per court
500,000
SWIMMING POOLS
Half Olympic (25m x 16m) 6-lanes outdoor swimming pool built in ground, fully tiled, complete with 5m wide deck and associated equipment
per pool
8,000,000
Half Olympic (25m x 16m) 6-lanes indoor swimming pool with suspended structure (enclosing structure not included) fully tiled and completed with 5m wide deck, including mechanical ventilation and associated equipment.
per pool
12,000,000
per pool
1,500,000
per pool
500,000
Extra for heating equipment Extra for salt chlorine generator BASKETBALL COURTS
Exposed cour Exposed court,t, app approxi roximate mately ly 975 975m m 2 inc includ luding ing player benches and excluding equipment
per court
4,000,000
Covered court approximately 975m 2 , including metal viewing seats, built-in furnitures, provision for T&B, etc*
per court
20,000,000
DESCRIPTION
UNIT
PESO
per set
500,000 to 1,500,000
per room
500,000
per room
800,000
(Based on ‘Average Cost Model’ of an 18 hole golf course in Asia) excluding fairway construction and rough hydroseeding
per hole
23,000,000
Including fairway construction and rough hydroseeding
per hole
27,000,000
per set
3,000,000 to 4,500,000
PLAYGROUND PLA YGROUND EQUIPMENT
Outdoor playground equipment comprising various activities and safety mat
SAUNAS
Sauna room for 4-6 people complete with all accessories (enclosing structure not included) STEAM BATHS
Steam bath for 4-6 people complete with all accessories (enclosing structure not included) GOLF COURSES
GOLF SIMULATOR
Complete golf simulation system complete with projector, high impact projection screen, artificial grass putting turf, putting green cup and control computer with software overall size 4m x7m x 3m high (enclosing structure not included)
* includes provision for forward/rear fold ceiling mounted basketball goal. 2015 4Q Rates
1
CONSTRUCTION COST DATA M & E MAJOR PLANT COSTS FOR THE PHILIPPINES
DESCRIPTION
COST
UNIT
(Php)
1. Water cooled electric chiller
per TR
16,000 – 28,000
2. Air-cooled electric chillers
per TR
25,000 – 35,000
3. Cooling Towers; induced draft
per GPM
2,3300 – 3, 2, 3,000 000
4. Air Handling Units (AHU)
per TR
13,000 – 19,000
5. Packaged Water-Cooled units (PWCU)
per TR
18,000 – 27,000
6. Fire Pumps; electric motor driven
per HP
17,000 – 22,000
7. Fire Pumps; diesel engine driven
per HP
22,000 – 26,000
8. Standby generator sets
per KVA
5,500 – 9,5 9,500 00
NOTE:
1. Rates are based on direct supply of imported quipment and materials by the developer. 2. Rates include all government imposed taxes, import duties brokerage fees and allowances for local materials and installation cost. 3. Rates exclude preliminaries and contingencies. 4. Rates are based on fixed price tenders received in 4th Quarter 2015.
DESCRIPTION
UNIT
COST (Php)
9. Power transformers, with built-in primary protections; padmount
per KVA
1,600 – 6,000
10. Power transformers, with primary protection; silicon oil filled
per KVA
1,300 – 4,400
11. Power transformers, with primary protection cast resin
per KVA
2,000 – 5,000
12. Sewage Treatment Plant, Sequencing Batch Reactor (SBR); including civil works
per m3/day
20,000 – 30,000
1
CONSTRUCTION COST DATA
FIT- OUT COSTS FOR PHILIPPINES
DESCRIPTION
PESO/m
2
HOTELS
Public Areas (Front of House) : 3-star Hotel 4-star Hotel 5-star Hotel
18,000 - 22,000 24,000 - 28,000 30,000 up
Guest rooms : 3-star Hotel 4-star Hotel 5-star Hotel
16,000 - 18,000 20,000 - 25,000 30,000 - 40,000
Notes : 1. Includes furniture, floor, wall and ceiling finishes, drapery, sanitary fittings and light fittings. 2. Excludes partitioning, M & E works, building shell, chandelier, operational items and equipment (e.g. bed, cutlery, crockery, linen, television, refrigerator, etc.), opening expenses, stage equipment and computer systems.
COMMERCIAL
Shopping centers
20,000 - 25,000
Notes : 1. Mall/Public areas only; tenant area to be bare finish 2. See notes 1,2,& 3 below
NOTE: 1. Costs are at December 2015 Levels. 2. Costs include wall, floor, ceiling finishes, doors, FF&E, M&E Works service reticulation, preliminaries Forex US$1:47.0
DESCRIPTION
PESO/m
2
OFFICES
Standard offices * Executive offices ** Banking lobby ***
18,000 - 26,000 35,000 - 50,000 55,000 - 65,000
* Medium quality systems furniture ** High quality furniture and finishes *** Imported stone finishes; double volume spaces Note : See notes 1, 2 & 3 below
RESTAURANTS
General dining restaurant Fine dining restaurant
18,000 - 35,000 35,000 up
Note : Includes furniture, floor, wall and ceiling finishes, minor alteration to air-conditioning and fire services installation to suit layout, exhaust for kitchen but excludes exhaust flue, operational items (e.g. cutlery, crockery, linen, utensils, etc.).
3. Costs exclude operational equipment and supplies, structure, external enclosure, major M&E plant, financing and developers costs, professional and marketing fees.
1
CONSTRUCTION COST DATA
FIT-OUT COSTS FOR PHILIPPINES
DESCRIPTION
PESO/m
2
THEATRES / CINEMAS
Theatres * Cinemas **
40,000 - 65,000
* Includes stage rigging and equipment, draperies, AV equipment projectors, screens, acoustics and seatings ** Includes screens, projection equipment, seats, finishes, ticketing booth
25,000 - 40,000
AUDITORIUMS
35,000 - 60,000
BUSINESS CLUBS
50,000 - 70,000
BAR / BILLIARDS *
32,000 - 40,000
* Excluding kitchen equipment
NOTE: 1. Costs are at December 2015 Levels. 2. Costs include wall, floor, ceiling finishes, doors, FF&E M&E Works service reticulation, preliminaries. Forex US$1:47.00 3. Costs exlude operational equipment and supplies, structure, external enclosure, major M&E plant, financing and developers costs, professional and marketing fees.
KITCHEN EQUIPMENT COSTS FOR PHILIPPINES DESCRIPTION
BUSINESS CLUB
COST (Php)
20M - 25M
2
500 - 900 m floor area
EXECUTIVE DINING
20M - 30M
2
200 - 400 m floor area
4 STAR HOTEL
25M - 50M
50 - 150 rooms
5 STAR HOTEL
50M - 120M
200 - 500 rooms
OFFICE CANTEEN 2
200 - 300 m floor area
10M - 20M
1
CONSTRUCTION COST DATA
GENERAL CONSTRUCTION DATA
Trends in Construction Cost for Philippines Construction Value Construction Activity Lead Time of Different Packages Utility Costs for Selected Asian Cities Estimating Rules of Thumb Progress Payments Construction Materials Wholesale Price Index Minimum Wage Average Earnings Index for Construction
2
2
GENERAL CONSTRUCTION DATA
TRENDS IN CONSTRUCTION COSTS FOR PHILIPPINES Php / m2 (Thousands)
Building Construction Cost (Php/m 2) Residential Retail
US$ to Php
Year
Hotels
Office
2005
58,850
32,175
36,850
19,800
55.00
2006
60,000
34,000
37,000
21,750
50.00
2007
60,200
36,980
37,410
22,790
43.00
2008
66,960
45,120
41,760
25,440
48.00
2009
66,740
45,120
44,180
29,140
47.00
2010
69,080
46,860
45,760
32,340
44.00
2011
68,800
46,400
44,720
41,280
43.00
2012
68,800
56,700
50,400
46,200
42.00
2013
72,144
60,048
54,000
49,248
43.20
2014
73,425
60,743
54,735
49,840 44.50
2015
95,140
64,155
61,570
59,220 47.00
2
GENERAL CONSTRUCTION DATA
CONSTRUCTION VALUE Construction Value (Php Billions) 160
145
130
115
85 70 55
40
2006
2007 2008
2009
2010
2011
2012
2013
2014 2015*
Year
Construction Value Php (1,000) Year
2008
2009 2010 2011 2012 2013 2014 2015* * Forecast Source
Residential
Non-Residential
69,043,520 77,953,836 97,247,194 102,938,618 101,550,926 125,501,250 127,269,234 153,496,628
50,718,172 48,895,248 79,047,539 94,679,492 97,042,670 103,925,135 109,010,438 131,348,152
: www.psa.gov.ph
CONSTRUCTION ACTIVITY Usable Floor Area (Millions m²) 16
14
12
10
8
6
4
2008
2009
2010
2011
2012
2013
2014
Year
Usable Floor Area (m²) Year
2008 2009 2010 2011 2012 2013 2014 2015* * Forecast Source :
Residential
Non-Residential
9,305,281 9,848,587 11,412,345 11,291,568 11,928,328 12,582,245 13,523,978 14,981,710
6,310,071 5,355,568 8,820,354 8,716,240 10,006,398 8,411,770 10,710,744 11,580,316
www.psa.gov.ph
2015*
2
GENERAL CONSTRUCTION DATA LEAD TIME OF DIFFERENT PACKAGES Process Code* (in weeks) Packages
A
B
C
D
Insitu Concrete Works
1
1
2
-
Structural steel frames
4
2
-
5
Claddingcurtain walling
10
2
-
14
Brickwork
1
1
2
-
Roof finishes profiled metal
3
1
4
4
Windows
2
1
3
6
Drylining, plaster and screeds
1
1
1
-
Demountable partitions
2
1
2
3
General joinery
2
2
3
5
Raised floors
2
2
-
-
Suspended ceilings Decorations (wall coverings)
2
2
3
3
-
-
2
-
3
2
4
5
Stone wall and floor finishes
* Process Code Legend: A - Working Drawing B - Approve working drawing C - Procurement of materials D - Manufacture
Process Code* (in weeks) Packages
A
B
C
D
Passenger lifts (non-standard)
8
3
-
27
Escalators
4
2
-
18
Mechanical pipework
4
2
1
1
Ductwork
4
2
4
3
Sprinklers
6
2
4
3
Air-conditioning plant
2
2
3
6
Variable airvolume unit
1
1
3
6
Electrical package
6
3
-
-
Switchgear
2
2
-
10
Generators (600 kW)
4
2
-
13
Light fittings
1
1
6
-
Security systems
3
3
4
-
Controls
4
3
3
-
Furniture
2
2
4
8
Data and voice cabling
3
2
-
-
The lead time provided shall serve only as guide for use in projects, this is due mainly to the variability of factors like local customs processing/clearing, material availability, among others. Lead times do not refer to any particular building/project type and are based on average times. For examples; Air-conditioning plant may require between six and twelve weeks depending on the plant specified or required. Therefore, an average of nine weeks has been used in the table.
2
GENERAL CONSTRUCTION DATA UTILITY COSTS FOR SELECTED ASIA CITIES ELECTRICITY
Exchange Rate Used
Domestic
US$=
US$/kwh
Manila Hong Kong Kuala Lumpur Singapore Brunei Jakarta Bangkok Shanghai
PHP 47.00 HK$ 7.80 RM 4.33 S$ 1.40 B$ 1.26 IDR 13,750 BAHT 35.61 RMB 6.35
Beijing
RMB 6.35
**0.21 - 0.22’ 0.10 0.050 - 0.132 0.15^ 0.008 - 0.12 0.111 0.052 - 0.111** 0.097 (peak) 0.048 (normal) 0.07
Guangzhou Chongqing Macau Seoul
RMB 6.35 0.10 RMB 6.35 0.08 MOP 7.99 0.17 KRW1,1360.00 0.05-0.165***
Bangalore New Delhi Ho Chi Minh
INR 65 INR 65 VND22,410
COUNTRY
Commercial/ Industrial US$/kwh
**0.21’ 0.13
0.088 - 0.118 0.15^ 0.058 - 0.162 0.111 0.074 - 0.076 0.162 (peak) 0.072 (normal) 0.24 (peak) 0.13 (normal) 0.16 / 0.11 0.13 0.17 0.06 - 0.1***
0.042 - 0.098 0.116 - 0.121 0.062 - 0.130 0.139 - 0.160 0.09-0.16/0.06-0.11 0.11++
Cost are at 4th Quarter 2015 Levels Basis of Charges in Manila, Philippines Water Electricity Domestic : 29m³ - 41m³ Domestic : 190kwh - 860 kwh Commercial/Industrial : 4,030m³ Commercial/Industrial : 150,000 kwh - Water and Electricity: Actual Billing, includes miscellaneous charges, such as Environmental Charge, Currency Exchange Rate Adjustment (CERA), VAT, etc. Fuel as at 02 December 2015 Basis of Charges in Hongkong, China Water: Electricity (Based on tariff scheme of CLP Holdings Ltd.) Domestic: Domestic (bi-monthly consumption) 0 - 12m³ : Free of Charge 0 - 400 kWh : US$0.10/kWh; 400 - 1,000 kWh : US$0.12/kWh 12 - 43m³ : US$0.53/m³ 1,000 - 1,800 kWh : US$0.14/kWh; 1,800 - 2,600 kWh : US$0.18/kWh 43 - 62m³ : US$0.83/m³ 2,600 - 3,400 kWh : US$0.21/kWh; 3,400 - 4,200 kWh : US$0.22/kWh Above 62m³ : US$1.16/m³ Above 4,200 kWh : US$0.22/kwh Basis of Charges in Bangkok, Thailand Eletricity (Domestic) = For normal tariff with consumption not exceeding 150kWh per month Fuel (Unleaded) = Gasohol 95 Basis of Charges in Brunei Electricity (Domestic) : Tariff effective from 1st Jan 2012. 1-10 kWh 10c, 11-60 kWh 8c, 61-100kWh 12c, above 100kWh 15c Basis of Charges in Beijing and Guangzhou, China Unleaded fuel rate is for Unleaded gasoline 97. Basis of Charges in Shanghai, China Unleaded Fuel 93# = US$1.09/litre; 97# = US$1.15/litre Basis of Charges in Chongqing, China Unleaded Fuel 93# = US$1.09/litre; 97# = US$1.15/litre Basis of Charges in Kuala Lumpur, Malaysia Unleaded fuel rate is for Unleaded petrol Ron 95.
WATER Domestic
FUEL
Commercial/ Industrial
Diesel
Leaded
Unleaded
US$/litre
US$/litre
US$/m3
US$/m3
0.48 - 0.80
1.47
0.568
N/A
0.905
0.83
0.59
1.37
N/A
1.85
0.238 - 0.462
0.478 - 0.527
0.439
N/A
0.473
1.29^^
1.49^^^
0.86^^^^
N/A
1.62^^^^^
0.088 - 0.355
0.492 - 0.532
0.306
0.411
0.427
0.713
0.877
0.487
N/A
0.538
0.239 - 0.406
0.267 - 0.444
0.648
N/A
0.719*
0.57
0.82
0.84
N/A
0.91 - 0.97
0.78 -1.42
1.28
0.86
N/A
0.98
0.31
0.55
0.86
N/A
1.00
0.38
0.72
0.85
N/A
0.91 / 0.97*
0.55 to 0.78 o
0.70 o
1.21
N/A
1.44
0.32 - 0.69**** 0.7-1.11****
1.08
N/A
1.28
0.400 - 0.692
1.338
0.762
N/A
0.993
0.288 - 1.037
1.318 - 5.886
0.720
N/A
0.939
0.61+++
N/A
0.24 - 0.51
0.75/0.43
US$/litre
0.81-0.84++++
Basis of Charges in Seoul, Korea * Plus electricity basic rates; domestic: US$5.368/month + US$0.08/Kwh (300KWh below in use) and commercial: US$4.687/month + US$0.066/Kwh (300KWh below in use) ** Plus water basic rates; domestic: US$ 0.939/month (within 30m3 usage) and commercial: US$77.39/month (within 100m3 usage) *** Plus electricity basic rates; domestic: US$1.41/month + US$0.05/kwh ~ 0.165/kwh (300kwh below in use) and commercial: US$6.31/month + US$0.06/kwh ~ 0.1/kwh (300kwh below in use) **** Plus water basic rates; domestic: US$ 0.95/month (the usage of 15mm caliber) and commercial: US$78.35/month (the usage of 100mm caliber) Basis of Charges in Ho Chi Minh, Vietnam + All rates are VAT inclusive ++ Domestic electricity rates are applied to the 301 KW above wards. +++ D.O- 0.05% ++++ 92&95 Unleaded petrol as at Oct 2012 Basis of Charges in Macau, China o Water: Consumption charge : US$0.55/m3 for 28m3 or below, US$0.62/m3 for 29m3 to 60m3, US$0.70/m3 for 61m3 to 79m3 and US$0.78/m3 for 80m3 or above; Other charges (Depending on meter size 15mm - 200mm) : Meter rental = US$0.34 - 58.00/month; oo Electricity tariff are composition of demand charges, consumption charges, fuel clause adjustment and government tax ooo Charges for ordinary users (e.g. Business, government buildings, s chools, associations, hospitals and others) only. Special users (e.g. gaming industries, hotels, saunas, golf courses, construction, public infrastructures and other temporary consumption) are exc luded. Basis of Charges in Singapore * All rates are nett of GST ^ Electricity tariff is based on low tension power supply ^^ Domestic water rate includes water conservation tax & water-borne fee and is an average for the 1st 40m3, exclude sanitary appliance fee ^^^ Non-domestic water rate includes water conservation tax and water-borne fee, exclude sanitary appliance fee ^^^^ As at 5 November 2015 ^^^^^ 98 Unleaded petrol as at 5 November 2015
2
GENERAL CONSTRUCTION DATA ESTIMATING RULES OF THUMB
Densities of Common Materials
Concrete Cement Sand Gravel Steel
2,400 kg/m 3 1,441 kg/m3 1,600 kg/m 3 1,350 kg/m 3 7,850 kg/m 3
1,000 kg/m 3 700 kg/m3 1,100 kg/m 3 2,750 kg/m 3 2,100 kg/m 3
Water Softwood Hardwood Aluminum Soil (compact)
Concrete
Minimum Recommended Cement Factor Based on Concrete Strength ( in bags of 40 kg cement) Strength Psi Mpa 8,000 7,000 6,000 5,000 4,000 3,000
55 48 41 35 28 21
Ordinary Design Mix 1 1/2” Gravel Size 3/4” 21 19 17 15 11.75 9
Pumpcrete Design Gravel Size 3/4”
22 20 18 16 12.75 10
23 21 19 17 14.5 11.5
Reinforcement
Bar Diameter (mm) 6 8 10 12 16 20 25 28 32 36 40
Weight/m (kg/m) 0.222 0.395 0.616 0.888 1.579 2.466 3.854 4.834 6.313 7.990 9.864
Perimeter (mm) 18.85 25.13 31.42 37.70 50.27 62.83 78.54 87.96 100.53 113.09 125.66
Area (mm2) 28.27 50.26 78.54 113.10 201.06 314.16 490.88 615.80 804.25 1,017.90 1,256.64
Structure Design - Concrete Ratios The following is a range of concrete ratios for building superstructure design in Manila: Concrete/floor area Formwork/floor area Reinforcement
0.4 m 3 /m2 2.0 m 2 /m2 180 kg/m 3
to 0.55 to 3.0 to 280
m 3 /m2 m 2 /m2 kg/m 3
Average External Wall/Floor Ratio 0.35 m 2 /m2
Residential Apartments Office, Hotel Industrial
0.40 m 2/m2 0.40 m 2/m2
Average Internal Wall/Floor Ratio
1.0 m 2/m2 0.5 m 2/m2 1.5 m 2/m2
Residential Apartments Office Hotel Dimensions for standard parking space, loading/unloading bays and lay-bys
Private Cars, Taxis and Light Vans Coaches and Buses Lorries Container Vehicles
Length (m)
Width (m)
Headroom (m)
5 5 12 11 16
2.5 2.5 3.0 3.5 3.5
2.4 2.4 3.8 4.1 4.5
Minimum headroom means the clearance between the floor and the lower most projection from the ceiling including any lightings units, ventilation duct, conduits or similar. The above ratios are indicative and for reference purpose only. They do not account for buildings with special shapes, configurations or particularly small foot prints. Average Loads
Lorry (24 ton) Concrete truck (24 ton)
Volume
10.0 m 3 5.5 m 3
2
GENERAL CONSTRUCTION DATA PROGRESS PAYMENTS
The following graph and table are an indication of the rate of expenditure for construction projects. The rate of expenditure is an average rate and will vary from project to project when specific project circumstances are taken into account. No account has been made for downpayments or retention.
100%
Progress Claims
80%
60%
40%
20%
0% 0%
20%
40%
60%
Pro ect Period
80%
100
Contract Period
Cumulative Progress Claims
5%
1%
10%
3%
15%
5%
20%
7%
25%
10%
30%
14%
35%
21%
40%
29%
45%
38%
50%
48%
55%
59%
60%
68%
65%
77%
70%
83%
75%
88%
80%
92%
85%
94%
90%
96%
95%
98%
100%
100%
2
GENERAL CONSTRUCTION DATA CONSTRUCTION MATERIALS WHOLESALE PRICE INDEX IN THE NATIONAL CAPITAL REGION (NCR) Base Year (2000 = 100) 2015 Apr
Jan
Feb
Mar
ALL ITEMS
222.1
222.7
223.6
223.7
A. Sand and gravel
213.8
214.1
214.5
215.1
B. Concrete Products
210.8
211.4
211.6
211.7
C. Cement
195.7
196.7
196.7
196.8
D. Hardware
221.5
221.7
222.5
223.2
E. Plywood
189.8
190.6
191.8
192.5
F. Lumber
245.5
245.6
245.9
247.0
G. G.I. Sheet
190.8
190.8
190.8
191.4
H. Reinforcing Steel
255.3
255.3
255.3
255.5
I. Structural Steel
286.4
286.5
286.5
286.6
J. Tile Works
187.5
188.2
188.2
188.2
K. Glass and Glass Products
185.2
185.2
185.2
185.2
L. Door, Jambs and Steel Casement
205.5
205.7
206.0
206.0
M. Electrical Works
208.5
208.6
209.0
209.8
N. Plumbing Fixtures & Accessories/Waterworks
175.9
176.3
177.4
178.1
O. Painting Works
207.8
208.0
208.3
208.5
P. PVC Pipes
182.0
183.3
183.6
183.9
Q. Fuel and Lubricants
267.8
270.16
277.9
277.3
R. Asphalt
466.8
466.8
466.8
466.8
S. Machinery and Equipment Rental
168.7
168.7
168.7
168.7
Source : Philippine Statistics Authority
2015 May
Jun
Jul
Aug
Sep
Oct
Nov
225.2 225.8 225.0 224.2
224.3 224.5 225.0
215.5
216.2
216.7
216.9
217.4
217.9
217.9
211.9
212.2
213.1
213.7
214.4
214.4
214.8
197.0
196.6
196.5
196.9
196.9
196.5
196.5
223.4
223.7
224.1
224.9
225.1
225.7
225.7
192.9
193.1
193.6
193.8
193.7
194.0
194.0
247.0
247.4
247.4
246.6
246.9
247.0
247.0
191.4
191.4
191.4
191.4
191.4
191.4
191.4
255.5
255.7
255.7
254.9
253.6
253.6
253.6
286.6
286.8
287.0
286.96 287.1
287.1
287.1
188.2
188.2
189.1
189.1
189.1
189.1
189.1
185.2
185.2
185.2
185.2
185.2
185.2
185.2
206.2
206.2
206.2
206.3
206.3
206.3
206.3
210.2
210.4
210.8
211.0
211.2
211.5
211.5
178.8
180.0
180.5
181.1
182.0
182.1
182.1
208.6
208.6
208.7
208.7
208.7
208.7
208.7
184.2
184.2
184.2
184.2
184.2
184.2
184.2
291.5
295.0
281.6
270.2
269.0
270.6
274.1
466.8
466.8
466.8
466.8
466.8
466.8
466.8
168.7
168.7
168.7
168.7
168.7
168.7
168.7
Source: Philippine Statistics Authority
Dec 223.9 217.9 214.8 196.5 225.7 194.0 247.0 191.4 253.6 287.1 189.1
185.2 206.3
211.5 182.1 208.7 184.2 262.3 466.8 168.7
2
GENERAL CONSTRUCTION DATA MINIMUM WAGE
Peso per Day 500.00
475.00
450.00
425.00
400.00
2010
2011
2012 Year
2013
2014
2015
Year
Wage Order #
Amnt. of Increase
Peso per Day
01 May 1996 06 Febuary 1997 01 May 1997 06 February 1998 31 October 1999 01 November 2000 05 November 2001* 01 Febuary 2002* 25 June 2004* 16 June 2005 11 July 2006 28 August 2007 14 June 2008 28 August 2008 23 June 2010 26 May 2011 03 June 2012 01 November 2012 04 October 2013 04 April 2015
NCR 04 NCR 05 NCR 05 NCR 06 NCR 07 NCR 08 NCR 09 NCR 09 NCR 10 NCR 11 NCR 12 NCR 13 NCR 14 NCR 14 NCR 15 NCR 16 NCR 17 NCR 17 NCR 18 NCR 19
4.00 15.00 5.00 13.00 25.50 26.50 15.00 15.00 20.00 25.00 25.00 12.00 15.00 5.00 22.00 22.00 20.00 10.00 10.00 15.00
165.00 180.00 185.00 198.00 223.50 250.00 265.00 280.00 300.00 325.00 350.00 362.00 377.00 382.00 404.00 426.00 446.00 456.00 466.00 481.00
* ECOLA (Emergency Cost of Living Allowance) Source : National Wages & Productivity Council, Department of Labor and Employment
CONSTRUCTION MATERIALS WHOLESALE PRICE INDEX (CMWPI) IN NCR (2000 = 100) COMMODITY GROUP
2013 Ave.
2014 Ave.
2015 Ave.
All Items
221.6
225.8
224.2
Sand & Gravel
202.3
211.0
216.2
Concrete Products
204.0
208.9
212.9
Cement
190.2
197.0
196.6
Hardware
214.1
219.1
223.9
Plywood
180.5
185.4
192.8
Lumber
230.0
241.7
246.7
G.I. Sheet
182.3
189.5
191.3
Reinforcing Steel
251.4
253.3
254.8
Structural Steel
281.1
284.4
286.8
Tileworks
179.8
187.0
188.6
Glass & Glass Products
179.5
183.4
185.2
Door, Jambs & Steel casement
200.7
204.2
206.1
Electrical Works
197.8
204.1
210.3
Plumbing Fixtures & Accessories/Waterworks
160.0
169.7
179.7
Painting Works
203.8
206.3
208.5
PVC Pipes
175.0
180.3
183.9
Fuels & Lubricants
333.3
329.9
275.6
Asphalt
464.0
464.0
466.8
Machinery & Equipment Rental
114.6
123.2
168.7
2
GENERAL CONSTRUCTION DATA
PROPERTY COMMENTARY
Property Updates on: Commercial Residential Hotels and Serviced Apartments Retail Industrial
3
33 PROPERTY PROPERTY COMMENTARY by Jones Lang LaSalle
In General The economic performance of the Philippines in recent years has remained upbeat in line with the positive investor environment supported by the credit rating of the country, which is currently maintained at an investment grade by various international credit rating agencies such as Standard & Poor’s, Moody’s, and Fitch Ratings. In turn, the positive economic environment of the country has spurred the continued growth of the local property markets (office, residential, hotel, retail, and industrial) in 2015. The local commercial office property market, backed by the favourable economic prospects of the country, continued to perform well in 2015. Moreover, the Philippines remained a premiere global destination for outsourcing as evidenced in the recent 2015 Top 100 Outsourcing Destinations report by Tholons, a multinational strategy consultancy firm for global outsourcing and research, wherein Metro Manila maintained its position as the second top outsourcing destination in the world. In line with the continuous healthy demand from the offshoring and outsourcing (O&O) sector, rents and capital values of Grade A office space in various business districts in Metro Manila sustained a positive growth trend. However, the large incoming future supply of office stock may push the average vacancy rate upwards and growth of prices downwards in the medium term. Similarly, the residential condominium market in Metro Manila continued to grow in 2015. The sustained inflow of overseas Filipinos (OF) remittances has served as one of the key drivers for the local residential property market. Likewise, the strengthening of the O&O industry has supported the rising incomes of Filipinos, particularly young professionals. The local residential market is expected to sustain its positive performance as property developers continue to launch and complete residential condominiums in various cities in Metro Manila. Residential prices are also likely to maintain positive growth, albeit possibly at a slower pace given the large volume of incoming supply.
The local retail property market displayed continued growth in 2015 as rents exhibited moderate increases in line with new completions of shopping malls. The continued inflow of OF remittances has contributed to an increase in purchasing power among Filipino families and consequently buoyed retailer demand as both local and international retailers strive to cater to local demand for goods and services. Retail developments were observed to have healthy occupancy levels and are noted to sustain stable rent growth. On another note, the growth in the Philippine tourism industry remained positive as seen by the growth in the number of inbound international tourist arrivals in 2015. The majority of the upcoming hotel accommodation establishments are expected to be completed within the Entertainment City tourism complex in the Bay City development as developers continue the construction of hotel and casino developments. Meanwhile, the local industrial property market sustained its upward trajectory in 2015, mainly due to the growth in the demand for warehousing as a result of upbeat growth in consumption. Further, the robust manufacturing growth in the past years has also supported the growth of the industrial sector as it has led to the increase in demand for both industrial lots and ready-built facilities (RBFs) from international firms. The growing level of industrial activity has likewise supported the moderate increase in industrial land values and RBF rents in 2015. Given the expected positive performance of the O&O and tourism sectors, coupled with the continued inflow of OF remittances, the various local property sub-sectors are likely to show positive growth in 2016. The increasing importance given to infrastructure projects is also expected to support the growth of the different property markets. Commercial Sector
Jones Lang LaSalle Research, Consulting & Valuation (JLL Research, Consulting & Valuation) has recorded that office stock across all grades in Metro Manila has exhibited sustained growth in 2015. Existing office stock in Metro Manila in 2015 totalled 8.4 million m 2, with the largest share, 39%, being located in Makati CBD and its fringe areas.
3
PROPERTY COMMENTARY
Ortigas CBD captured 24% of existing stock, while Bonifacio Global City (BGC) increased its share to 13% in 2015. Available office space in these sub-markets was observed to have inched up during the year with the completion of new office buildings. Nevertheless, average occupancy has maintained relatively high levels, as the O&O industry continued to drive demand for office space. Approximately 2.7 millionm of office stock is scheduled to complete from 2016 to 2020 across the various business districts in Metro Manila. The completion of these developments is expected to add approximately 530,400 m 2 annually within Metro Manila, most of which will be located in BGC. Prime and Grade A office space in Makati CBD and BGC displayed a 5% y-o-y increase as average rents is expected to reach more than PHP 900 per m 2 per month in 2015. Growth rates have been observed to have declined, and the completion of new developments in the future would most likely push down the growth in office rents. JLL Research, Consulting & Valuation forecasts that the average rent in 2016 for existing Prime and Grade A office developments within Makati CBD will continue to command the highest rates, ranging from PHP 1,100 to 2 PHP 1,300 m per month and from PHP 700 to PHP 1,000 m 2 per month, respectively. Grade A office rents in BGC are estimated at PHP 750 to PHP 950 m 2 per month. In Ortigas CBD, rates of Grade A office rents are likely to remain at a relatively lower range from PHP 600 to PHP 750 m 2 per month. The forecast for average capital values of Grade A office space in Makati CBD is estimated in a range of PHP 2 100,000 to PHP 145,000 m . Meanwhile, asking capital values for office space in Ortigas CBD is expected to be around PHP 60,000 to PHP 85,000 m 2. Average capital values of Grade A office space in BGC is likely to reach PHP 115,000 to PHP 150,000 m 2. Residential Condominium Sector
Total supply of residential condominium units in Makati CBD, Ortigas CBD and BGC reached around 81,700 units in 2015, a 20.1% y-o-y increase. Through the support provided by the steady inflow of OF remittances and the continued expansion of the O&O sector, the local residential property market has sustained its positive growth during the year.
Approximately 43,200 units are expected to complete from 2016 to 2020. This translates to an average completion of 8,600 units per year, which may lead to downward pressure on growth of rents and capital values in the succeeding years. Average monthly rents of residential condominiums are estimated in the range of PHP 460 to PHP 1,200 per m 2 per month across the districts of Makati CBD, Ortigas CBD and BGC. Makati CBD is noted to command a premium with a higher monthly rent of PHP 600 to PHP 1,200 per m 2 per month for mid- to high-end developments. Meanwhile, resale capital values are recorded as low as PHP 85,000 per m 2 to as high as PHP 185,000 per m 2 in Makati CBD, Ortigas CBD and BGC. Total Number of Residential Condominium Units Makati CBD, Ortigas CBD and BGC (2005-2020E)
Note: Total supply includes residential condominiums located on the fringes of Makati CBD, Ortigas CBD and BGC. Source: JLL Research & Consulting
Hotels and Service Apartments Sector
A total of approximately 39,500 hotel rooms from accredited and non-accredited accommodation establishments in Metro Manila were recorded by the Department of Tourism as of 2014. This accounts for 18.5% of the total existing hotel rooms in the Philippines. The bulk of the existing hotel rooms in Metro Manila are sourced from the cities of Manila and Makati, accounting for 23.5% and 22.0%, respectively. This is followed by Quezon City and Pasay City, which contribute 17.6% and 13.3%, respectively, of the existing hotel room supply in Metro Manila. Furthermore, the average hotel occupancy rate in Metro Manila remained healthy at around 67.2% in 2014. Deluxe and Standard hotels posted the highest average occupancies in comparison to other hotel types in the same year with approximately 71.1% and 64.0%, respectively.
3
PROPERTY COMMENTARY
The Philippine tourism industry has generally exhibited a positive trend over the past years, partly due to the continued aggressive promotion of the Philippines as a tourist destination by the Department of Tourism. This is evidenced in the continued growth in international tourist arrivals in the country. In 2014, international tourist arrivals reached 4.8 million, a 3.3% y-o-y growth. The number of international tourist arrivals has continued to increase as the first eight months of 2015 recorded 3.6 million arrivals, 9.9% higher than the same period of the previous year. Through the continued campaign of the Department of Tourism, coupled with the increasing importance given to infrastructure projects in the country, the number of tourist arrivals is likely to increase over the next few years and support the healthy occupancy levels of hotels not only in Metro Manila, but in other regions as well. Average Occupancy Rates of Hotels in Metro Manila By Hotel Classification: 2001 to 2014
Source: Department of Tourism
A notable source of future supply of hotel accommodation in Metro Manila is Entertainment City, which will house several international hotel brands. These include The Manila Bay Resorts by Tiger Resorts, Leisure and Entertainment, Inc and The Westin Manila Bayshore by Travellers International, among others. Other significant hotel developments are Shangri-La Hotel at the Fort and Grand Hyatt Hotel, both expected to rise in BGC in 2016. In total, around 11,200 rooms are slated to come on stream in Metro Manila by end-2020.
Retail Sector
The retail property sector exhibited positive performance in 2015 supported by the increase in rents and the completions of new shopping centres. In addition to this, retail demand has been growing due to the positive economic performance of the Philippines and the significant decrease of the inflation rate to 1.7% y-o-y for the first nine months of 2015. The retail property sector exhibited positive performance in 2015 supported by the increase in rents and the completions of new shopping centres. In addition to this, retail demand has been growing due to the positive economic performance of the Philippines and the significant decrease of the inflation rate to 1.7% y-o-y for the first nine months of 2015. Also, the constant growth of OF remittances and the growth of the O&O sector continue to drive consumer or private spending, hence sustaining the increase in the entry and expansion of foreign and local brands in the country. On the other hand, recently completed mall expansions and new shopping malls in 2015 have added approximately 254,100 m 2 to the total retail stock in Metro Manila. Retail stock in Metro Manila is expected to increase by 689,700 m 2 with the completion of new retail developments in the next three years. JLL Research, Consulting & Valuation forecasts vacancy rates to remain steady at between levels of 3% to 6% from 2015 to 2019 despite the upcoming retail developments that will further increase total retail stock. Accumulated Total Supply of Gross Leasable Space (in sq. m.) Major Metro Manila Retail Malls 2000-2019E
Source: JLL Research & Consulting
3
PROPERTY COMMENTARY
Industrial Sector
JLL Research, Consulting & Valuation has observed a positive trend in the demand for the industrial developments. Take-up of lots and RBFs in industrial parks has remained healthy in 2015, specifically for those in the provinces of Cavite, Laguna and Batangas. Meanwhile, new industrial space was made available during the year with the Cavite Technopark located in the Municipality of Naic, Province of Cavite launched in September 2015. The expansion of the national economy – which registered a 5.4% GDP growth during the first semester of 2015 – as well as the sustained positive investor sentiment backed by the view of the country as one of the “bright spots” in Asia amid economic uncertainties across international markets has driven demand for industrial products and encouraged investment inflow. Positive investor interest is supported by international credit rating agencies’ sustained confidence in the country in 2015. However, cumulative net FDI in the country for the period January to July declined by 35.2%, from USD 3.8 billion in 2014 to USD 2.5 billion in 2015. Nevertheless, this is still above the national annual historical average. Notable sources of equity capital investments are the United States, Singapore, Japan and the United Kingdom. Investments were mainly channelled to the financial and insurance, real estate, mining and quarrying, wholesale and retail trade, and manufacturing sectors, among others. Land values in industrial parks are on an upward trajectory, with average land values of industrial parks in Cavite, Laguna and Batangas ranging from PHP 3,500 to PHP 5,500 per m 2. Meanwhile, rents of RBFs are estimated between PHP 130 and PHP 250 per m 2 per month. JLL Research, Consulting & Valuation forecasts that both industrial land values and rents for RBFs will continue to follow an upward trend in 2016, in line with the favourable outlook for the national economy. Investor confidence supported by the credit rating upgrades and the completion of infrastructure projects may attract the continued entry and expansion of international firms to the country. Disclaimer: This document is prepared by Jones Lang LaSalle, for information only. Whilst reasonable care has been exercised in preparing this document, it is subject to change, and Jones Lang LaSalle makes no representations as to its truth, accuracy or completeness, and accordingly cannot be held responsible for any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this document. Provided by : Jones Lang Lasalle
JLL (NYSE: JLL) is a professional services and investment management firm offering specialised real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of USD 4.7 billion and gross revenue of USD 5.4 billion, JLL has more than 230 corporate offices, operates in 80 countries and has a global workforce of approximately 58,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.4 billion ft 2 , or 316 million m 2 , and completed USD 118 billion in sales, acquisitions and finance transactions in 2014. Its investment management business, LaSalle Investment Management, has USD 57.2 billion of real estate assets under management. 2JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. JLL has over 50 years of experience in Asia Pacific, with over 31,100 employees operating in 83 offices in 16 countries across the region. The firm was named number one real estate adviser in Asia at the 2015 Euromoney Real Estate Awards and won “Best Property Consultancy” in seven Asia Pacific countries at the International Property Awards Asia Pacific 2014. Jones Lang LaSalle (Philippines), Inc. 5/F BDO Equitable Tower, 8751 Paseo de Roxas 1226 Makati City, Philippines Telephone : +63 2 902 0888 Fax : +63 2 729 5159 Websites : www.jll.com.ph : http://www.ap.jll.com/asia-pacific/en-gb/research For more information, please contact: Lindsay John Orr Country Head Telephone : +63 2 902 0888 Mobile : +63 918 929 6934 Email :
[email protected] Claro dG. Cordero, Jr. Associate Director Head – Research, Consulting & Valuation Telephone : +63 2 902 0888 Mobile :+63 918 914 3309 Email :
[email protected]
3
PROPERTY COMMENTARY
FINANCIAL
Philippines Key data Economic Highlights Financial Definitions Mortgage Repayment Table Consumer Price Index Exchange Rates Currency Charts Prime Rates Manila Reference Rate
4
4 FINANCIAL PHILIPPINES KEY DATA
POPULATION
Population (2014) Population * (2015)
101.10M
Urban Population **
47.15%
Population under 15
33.27%
Population over 65
4.34%
Ave.. annual growth Ave growth rate rate (2000 - 2010)
1.90%
102.97M
GEOGRAPHY
Land Area Agricultural Agricultur al Area (2010) (2010) Capital City (population Metropolitan Manila) (population Manila as of May 2015)
300,000 km2 44.48% Manila 12M 1.65M
ECONOMY 2015
Monetary Unit Average Headline Headline Inflation Inflation rate (as of December 2015) Gross Domestic Product (GDP) (1Q to 4Q 2015) GDP per capita
Peso *** 1.50%
Php 12,642,700 (in mil) Php 126,300.70 (in mil)
CONSTRUCTION (1Q to 3Q) in 2015
Gross value of const. output
Php 1,150,688 (in mil)
Net value of const. output
Php 482,596 (in mil)
Net value of const. output as a proportion of the GDP
* ** **** **
8.74%
Forecast / Projected - Philippine Statistics Office Forecast Population of Philippin Philippines’ es’ key cities only Philippine Statistics Authority
ECONOMIC HIGHLIGHTS 3rd Quarter 2015 Philippine Economy posts 6.0 percent GDP growth in Q3 2015
GDP grew year-on-year by 6.0 percent in the third quarter of 2015. This is higher than the growth rates of 5.8 percent in the second quarter of 2015 and the 5.5 percent in the third quarter of 2014. The third quarter quarter growth was driven driven by the Services sector which accelerated to 7.3 percent from 5.6 percent. This performance is the highest since the 7.4 percent growth recorded in the third quarter of 2013. The entire Agriculture sector recovered in the third quarter by 0.4 percent from a 2.6 percent decline posted during the same period last year. year. On the other hand, the Industry sector slowed down to 5.4 percent from 7.8 percent last year . Among the three major major economic economic sectors, Services gave the highest contribution to the GDP growth in the third quarter with 4.2 4.2 percentage percentage points. This was followed followed by Industry Industry with 1.8 percentage points while Agriculture contributed 0.03 percentage point. The Net Primary Income (NPI) rebounded to 4.7 percent from a contraction of 3.1 percent in the previous year. As a result, the Gross National Income (GNI) accelerated to 5.8 percent from 3.9 percent in the third quarter of 2014. With projected population reaching to a level of 101.8 million, per capita GDP grew by 4.3 percent from 3.7 percent, while per capita GNI accelerated to 4.1 percent from 2.2 percent. Likewise, per capita Household Final Consumption Expenditure (HFCE) went up by 4.6 percent from 3.2 percent. Source:
The National Accounts of the Philippines National Statistical Coordination Board (www.nscb.gov.ph) (www.nscb.gov.ph)
4 FINANCIAL FINANCIAL DEFINITIONS Discount Rate The rate of return a developer expects when investing in a project. i.e. opportunity cost. Internal Rate of Return (IRR) The IRR may be defined as the interest rate that equates the precent value of expected future cash flows to the cost of the investment. investment. The IRR can be compared to the Discount Rate. Net Present Value (NPV) The NPV is the present value of all future cash flows, discounted back to today’s values at the Discount Rate. The NPV indicates in today’s dollars the profit or loss a developer makes above or below his required profit (based on nominated Discount Rate). 72 RULE The approximate number of years required to double your capital can be calculated by dividing the interest rate into 72. e.g.
If interest rate = 10% p.a. Then 72 ÷ 10 = 7.2 years It will take approximately 7.2 years to double your capital if it is invested invested at 10% p.a. p.a.
FINANCIAL FORMULAE
Future value of $1
FV = PV (1+i)n
Future value of $1 per period
FV = PMT ((1+i)n-1),i]
Sinking fund (the amount required to be put away PMT = FV [i ¸ ((1+i)n -1)] periodically to realise some future sum) Present value of $1
PV = FV [1¸ ((1+i)n]
Present value of $1 per PV = PMT [((1+i)n -1), period (i(1+i)n)] Annuity with a PV of $1 (mortgage bond formula)
PMT = PV [i(1+i)n), ((1+i)n -1)]
PV
=
present value
FV
=
future value
PMT
=
payment amount
n
=
period (e.g. 10 years with monthly payments, n = 10 x 12 = 120)
i
=
interest rate per period (e.g. 12% p.a. compounded monthly; i = 12 % ÷ 12 months = 1% per period)
4 FINANCIAL MORTGAGE REPAYMENT TABLE Based on :
• 1,000 units of currency • Inter est compounded monthly • Equal monthly repayments Interest p.a.
REPAYMENT (years) 5
10
15
20
5%
18.87
10.61
7.91
6.60
6%
19.33
11.10
8.44
7.16
7%
19.80
11.61
8.99
7.75
8%
20.28
12.13
9.56
8.36
9%
20.76
12.67
10.14
9.00
10%
21.25
13.22
10.75
9.65
11%
21.74
13.78
11.37
10.32
12%
22.24
14.35
12.00
11.01
13%
22.75
14.93
12.65
11.72
14%
23.27
15.53
13.32
12.44
15%
23.79
16.13
14.00
13.17
16%
24.32
16.75
14.69
13.91
17%
24.85
17.38
15.39
14.67
18%
25.39
18.02
16.10
15.43
19%
25.94
18.67
16.83
16.21
20%
26.49
19.33
17.56
16.99
21%
27.05
19.99
18.31
17.78
22%
27.62
20.67
19.06
18.57
23%
28.19
21.35
19.82
19.37
24%
28.77
22.05
20.58
20.17
25%
29.35
22.75
21.36
20.98
Example Borrow $1,000,000 to be r epaid monthly at 10% p.a. over 10 years. Repayments
= 1,000,000 ÷ 1,000 x $13.22 = $13,220 per month
CONSUMER PRICE INDEX
% Change in CPI Index
Year
Index
2010
120.4
3.80%
2011
126.2
4.80%
2012
130.0
3.14%
2013
134.0
3.00%
2014
139.5
4.10%
2015
141.5
1.43%
Note
:
Base date 2006 = 100
Source
: Philippine Statistics Authority
% Change
4 FINANCIAL
EXCHANGE RATES Approximate rates prevailing as at 13 January 2016 Foreign Currency in PHP
US$ in PHP in Foreign Foreign Currency Currency
COUNTRY
Currency
Australia*
dollar
33.03
0.03
1.43
Bahrain*
dinar
125.97
0.01
0.38
Brunei*
dollar
32.80
0.03
1.44
Canada*
dollar
33.17
0.03
1.43
China*
yuan
7.20
0.14
6.58
Denmark+
kroner
6.89
0.15
6.87
European Currency Unit*
euro
51.38
0.02
0.92
Hong Kong*
dollar
6.10
0.16
7.76
India+
rupee
0.71
1.41
66.89
Indonesia*
rupiah
0.003
Japan*
yen
0.40
2.49
117.73
Malaysia+
ringgit
10.73
0.09
4.41
New Zealand+
dollar
30.90
0.03
1.53
Norway
kroner
5.33
0.19
8.87
294.12
13,889
COUNTRY
Pakistan+
Currency
Foreign PHP in US$ in Currency Foreign Foreign in PHP Currency Currency
rupee
0.45
2.21
104.82
rial
12.62
0.08
3.75
Singapore*
dollar
32.91
0.03
1.44
South African+
rand
2.84
0.35
16.67
South Korea*
won
0.04
25.58
1209.19
Sweden+
kroner
5.55
0.18
8.52
Switzerland*
franc
47.21
0.16
1.00
Taiwan+
NT dollar
1.42
0.71
33.36
Thailand*
baht
1.30
0.77
36.32
United Arab Emirates (UAE)*
dirham
12.89
0.08
3.67
United Kingdom*
pound
68.37
0.02
0.69
dollar
47.33
0.02
1.00
Saudi Arabia*
United States of America*
Notes: * Convertibel currencies with BSP + Non Convertibel currencies with BSP Source: Business World - as of 13 January 2016 BSP Reference Rate
4
FINANCIAL
CURRENCY CHARTS
US Dollar Php per US$ 55
50
45
40 2010
2011
2012
2013
2014
2015
2013
2014
2015
Year
Japanese Yen Php per 100 Japanese Yen 60
55
50
45
40 2010
2011
2012
Year
Note: Yearly Average Rate
Sterling Pound Php per GBP 100
90
80
70
60
2010
2011
2012
2013
2014
2015
2013
2014
2015
Year
Singaporean Dollar Php per Singaporean Dollar 36
35
34
33
32
31
30
2010
2011
2012
Year
4
FINANCIAL
CURRENCY CHARTS
Dirham Php per Dirham 13
12
11
2010
2011
2012
2013
2014
2015
2013
2014
2015
Year
Hong Kong Dollar Php per Hong Kong Dollar 7
6
5
2010
2011
2012 Year
Note: Yearly Average Rate
Euro Php per Euro 65
60
55
50
2010
2011
2012
2013
2014
2015
2013
2014
2015
Year
Australian Dollar Php per Australian Dollar 50
45
40
35
30
2010
2011
2012
Year
4 FINANCIAL PRIME RATES Approximate rates prevailing in 4th Quarter 2015 COUNTRY
RATE (%)
Brunei
5.50
China**
4.75
Hong Kong
5.00
India
9.95
Indonesia
7.75
Macau
5.25
Malaysia^^^
4.65
Philippines
4.51
Singapore
5.35
South Korea + Thailand #
1.5
United Kingdom
0.50
United States of America Vietnam ##
3.25
7.10
9.00
China ** Malaysia ^^^
= 3-year Benchmark Lending Rate
South Korea +
= Call Rate of the Bank of Korea
= Indicative Effective Lending Rate (Implementation Date is 22 November 2012)
Thailand #
= Minimum Loan Rate % per annum (averaged based on local bank)
Vietnam ##
= Min and in VND per year
MANILA REFERENCE RATE Manila Reference Rate (%) 6
5
4
3
2
1 0 2011
2012
2013
2014
2015
Year
PHILIPPINE CENTRAL BANK MANILA REFERENCE RATE
DATE
Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec Mar Jun Sep Dec
2010 2010 2010 2010 2011 2011 2011 2011 2012 2012 2012 2012 2013 2013 2013 2013 2014 2014 2014 2014 2015 2015 2015 2015
Note: Based on all maturities.
%
4.79 4.81 4.88 4.86 4.71 4.71 4.83 4.81 4.94 4.88 4.06 3.91 2.96 2.00 1.54 1.48 1.27 1.29 1.42 1.50 1.13 2.08 2.01 1.76
4
FINANCIAL
OTHER INFORMATION
Philippine Map Public Holidays IDD Codes & Time Differences Conversion Factors LS Professional Services Quality System Environmental Sustainability Development Management International Directory of LS Offices
5
5
OTHER INFORMATION
PHILIPPINE MAP
PUBLIC HOLIDAYS 2015
2016
PHILIPPINES A. Regular Holidays
New Year’s Day Maundy Thursday
01 Jan 02 Apr
01 24
Good Friday
03 Apr
25 Mar
Araw ng Kagitingan
09 Apr
09 Apr
Labour Day
01 May
01 May
Independence Day End of Eid-ul-Fitre (Feast of Ramadan)
12 Jun
12
18 Jul
08 Jul
National Heroes Day
31 Aug
29 Aug
Eid-ul Adha
24 Sep
13 Sep
Bonifacio Day
30 Nov
30 Nov
Christmas Day Rizal Day
25 Dec
25 Dec
30 Dec
30 Dec
Chinese New Year Black Saturday (Additional) Ninoy Aquino Day
19 Feb 04 Apr 21 Aug
08 Feb 26 Mar 21 Aug
All Saint’s Day All Soul’s Day (Additional)
01 Nov 02 Nov
Christmas Eve (Additional) Last Day of the Year (Additional)
24 Dec 31 Dec
01 Nov 02 Nov 24 Dec 31 Dec
Jan
Mar
Jun
B. Special
(Non-Working Holidays)
5
OTHER INFORMATION
PUBLIC HOLIDAYS 2015
2016
New Year’s Day
01 Jan
01 Jan
Chinese New Year National day
19 Feb 23 Feb
08 Feb 23 Feb
Israk Miraj
16 May
06 May
Royal Brunei Armed Forces Anniversary
31 May
31 May
First day of Ramadhan*
18 Jun
06 Jun
Anniversary of the Revelation of the Holy Koran*
04 Jul
22 Jun
Hari Raya Aidilfitri*
17 Jul
07 Jul
Hari Raya Aidilfitri 2nd day *
18 Jul
09 Jul
Hari Raya Aidilfitri 3rd day *
19 Jul
11 Jul
His Majesty’s Birthday**
15 Jul
15 Jul
Hari Raya Aidil Adha*/**
23 Sep
11 Sep
BRUNEI
Islamic New Year*/** Christmas Day
02 Oct 25 Dec
25 Dec
Note: * Subject to change ** Replacement for Fridays / Sundays Fridays and Sundays are government off days
2015
2016
New Year’s Day
01
Jan
01
Jan
Chinese New Year (Imlek)
19
Feb
08
Feb
Hindu Day of Quiet (Nyepi) Good Friday International Labour Day Ascension Day of Jesus Christ
21 03 01 14 16 02 17 18
Mar Apr May May May Jun Jul Jul
09 25 01 05 06 22 06 07
Mar Mar May May May May Jul Jul
National Independence Day
17
Aug
17
Aug
Idul Adha Day Hijriyah New Year
24 14
Sep Oct
12 02
Sep Oct
Prophet Muhammad’s Birthday
03
Jan
12
Dec
Christmas Day
25
Dec
25
Dec
INDONESIA
Ascension of Prophet Mohammad* Waicak Day Idul Fitri*
* Subject to changes VIETNAM Normal Scheduled Holidays
Solar New Year Lunar New Year
01 Jan 17,18, Feb# 19,20,23
Hung Vuong King Celebration
28
Apr
Liberation Day of Saigon International Labour Day
30 01
Apr May
National Day Christmas Day
02 25
Sep Dec
# Substitute for 30 Apr & 1 May (Sat & Sun) ## Substitute for 16 Apr (Sat)
01 Jan 8,9, Feb 10,11,12 16 18 30 01 2,3
Apr Apr ## Apr May May #
02 25
Sep Dec
5
OTHER INFORMATION
PUBLIC HOLIDAYS 2015
2016
CHINA
New Year’s Day Chinese New Year’s Eve Chinese New Year $
Tombs-sweeping Day Labour Day^ Dragon-boat Festival * Mid Autumn Festival @ National Day#
01 18 19 20 05 01 20 27 01 02 03
Jan* Feb Feb$ Feb
01 07 08 09 10 Apr^ 04 May 01 Jun% 09 Sep@ 15 Oct# 01 Oct 02 Oct 03
Jan Feb Feb Feb Feb Apr May Jun Sep Oct Oct Oct
$ 11 - 13 February 2016 are holidays. 6 and 14 February 2016 are working days. ^ 2 May 2016 is holiday. * 10 - 11 June 2016 are holidays. 12 June 2016 is working day. @ 16 - 17 September 2016 are holidays. 18 September 16 is working day. # 4 - 7 October 2016 are holidays. 8 - 9 October 2016 are working days. INDIA
New Year’s Day Republic Day
01
Jan
01
Jan
26
Jan
26
Jan
Good Friday
-
-
25
Mar
Ugadi Ramnavami
11 -
Apr -
08 15
Apr Apr
Independence Day
15
Aug
15
Aug
Ganesh Chaturthi
01
Nov
05
Sep
12 01
Oct Nov
Dusshera Karnataka Formation Day
2015
2016
HONGKONG
The first day in January
01
Jan
01
Jan
Lunar New Year’s Day
19
Feb
08
Feb
2 nd Day of Lunar New Year
20
Feb
09
Feb
3 rd Day of Lunar New Year
21
Feb
10
Feb
Good Friday
03
Apr
25
Mar
The day following Good Friday
04
Apr
26
Mar
06
Apr*
-
07 01
Apr -
28 04 -
Mar Apr -
02
May* May Jun
The day following Ching Ming Festival Easter Monday Chi Ming Festival Labour Day
May
The day following Labour Day
-
Buddha’s Birthday
25
May
Tuen Ng Festival
20
Jun
14 09
HK SAR Establishment Day
01
Jul
01
Jul
The day following the Chinese Mid-Autumn Festival
28
Sep
16
Sep
National Day
01
Oct
01
Oct
Chung Yeung Festival
21
Oct
-
Oct* Dec
The day following Chung Yeung Festival Christmas Day
25
Dec
10 25
The 1 st week-day after Christmas Day
28
Dec
26
Dec
The 2 nd week-day after Christmas Day
-
-
27
Dec
As both the Labour Day and the Chung Yeung Festival in 2016 fall on a Sunday, the day following them is designated as a general holiday in substitution; and as Christmas Day in 2016 falls on a Sunday, the second weekday after Christmas Day is designated as ageneral holiday in substitution.
5
OTHER INFORMATION PUBLIC HOLIDAYS
2015
2016
MACAU
New Year’s Day (Afternoon) Lunar New Year’s Eve Lunar New Year’s Day The 2nd Day of Lunar New Year The 3rd Day of Lunar New Year The 4th Day of Lunar New Year The 5th Day of Lunar New Year Good Friday The day before the Easter Ching Ming Festival The 1st Working Day after the Day before Easter The 2nd Working day after Ching Ming Festival Labour Day The 1st Working day after Labor Day The Buddha’s Birthday 1st Working day after Buddha’s Birthday Tung Ng Festival (Dragon Boat Festival) 1st Working day after the Tung Ng Festival Bank’s Holiday The Day following Mid - Autumn Festival) National Day The day following the National Day 1st working day after the National Day 2nd working day after the National Day Chung Yeung Festival 1st Working Day after Chung Yeung Festival All Souls Day Feast of Immaculate Conception Macau SAR Establishment Day 1st Working day after Macau SAR Establishment Day Winter Solstice Christmas Eve Christmas Day 1st Working day after Christmas Day 2nd Working day after Christmas Day New Year’s Eve (Afternoon)
01 18 19 20 21 23 03 04 05 -
Jan#* Feb@ Feb#* Feb#* Feb* Feb#@ Apr# Apr Apr* -
07 Apr@
01 08 09 10 25 26 04 28 -
01 02 25 May# 14 16 20 Jun 09 22 Jun@ 01 May#*
Jan#* Feb*# Feb*# Feb*# Mar# Mar Apr*# Mar@# May* May@# May May@ Jun# -
01 Jul# 01 Jul# 28 Sep#* 16 Sep*# 01 Oct#* 01 Oct* 02 Oct 02 Oct - 03 Oct@# 04 Oct@# 21 Oct#* 09 Oct* - 10 Oct@# 02 08 20 21
Nov# 02 Nov# Dec# 08 Dec# Dec* 20 Dec*# Dec#@ -
22 Dec 24 Dec# 25 Dec#
21 Dec 24 Dec 25 Dec 26 Dec@# 27 Dec@# 31 Dec@ -
# Bank's Holiday * Obligatory Holiday @ Special Holiday Granted by Chief Executive for staff in Public Administration
2015
2016
MALAYSIA
New Year’s Day** Chinese New Year
01 19 20
Jan Feb Feb
01 08 09
Jan Feb Feb
Labour Day Wesak Day King/Agong’s Birthday Hari Raya Aidilfitri*
01 13 06 17 18 31 16 24 14 10
May May# Jun Jul Jul Aug Sep Sep Oct Oct
01 21 04 06 07 31 16 02 29
May May Jun Jul Jul Aug Sep Sep Oct# Oct
24 25
Dec Dec
12 25
Dec Dec#
National Day Malaysia Day Hari Raya Qurban* Awal Muharram Deepavali* Prophet Muhammad’s Birthday Christmas Day * ** #
12
Subject to change Except Johor, Kelatan, Kedah, Perlis & Terengganu The following Monday will be an additional public holiday
SINGAPORE
New Y ear’s Day Chinese New Year Good Friday Labour Day Vesak Day Hari Raya Puasa
01 19 20 03 01 01
National Day Hari Raya Haji Deepavali*
17 09 24 10
Christmas Day
25
#
Jan Feb Feb Apr May Jun Jul
01 08 09 25 01 21 06
Aug# Sep Nov
09 12 29
Dec
25
The following Monday will be a public holiday
Jan Feb Feb Mar May# May Jul Aug Sep Oct Dec#
5
OTHER INFORMATION
PUBLIC HOLIDAYS 2015
2016
KOREA
01 19 01 05 25 06 15 27 03 09 25
Jan Feb Mar May May Jun Aug Sep Oct Oct Dec
01 07 01 05 06 15 14 03 09 25
Jan Feb Mar May May Jun Aug Sep Oct Oct Dec
Founding Day Lunar New Year’s Eve Lunar New Year’s Day 2 nd Day of Lunar New Year 3 rd Day of Lunar New Year 4th Day of Lunar New Year 5th Day of Lunar New Year Peace Memorial Day Children’s Day
01 18 19 20 23 27 03
Jan Feb Feb Feb Feb* Feb* Apr*
01 07 08 09 10 11 12 29 04
Jan Feb Feb Feb Feb Feb* Feb# Feb Apr*
Ching Ming Festival Dragon Boat Festival Extra vacation day after Dragon Boat Festival Mid-Autumn Festival Extra vacation day after Mid-Autumn Festival
06 -
Apr* -
05 09 10
Apr Jun Jun#
15 16
Sep Sep#
Double Ten Day
10
10
Oct*
New Y ear’s Day Lunar New Year (Seol) Independent Movement Day Children’s Day Buddha’s Birthday Memorial Day Liberation Day Full Moon Day (Chuseok) National Foundation Day Hangul Proclamation Day Christmas Day
14
TAIWAN
Oct*
*When the memorial day or holiday falls on a Saturday or Sunday, a deferred day off will be granted. If a memorial day or a holiday falls on a Saturday, the deferred day off is on the preceding workday; if a memorial day or a holiday falls on a Sunday, the deferred day off is on he following workday. However, the deferred days off for Chinese New Year’s Eve and Chinese New Year are always on the following workdays.
2015
2016
THAILAND
New Year’s Day Chinese New Year* Makha Bucha Day Chakri Memorial Day Songkran Festival National Labour Day Coronation Day Royal Ploughing Ceremony Day + Visakha Bucha Day Mid Year Bank Holiday # Asarnha Bucha Day Khao Phansa Day (Buddhist Lent Day)+ H.M. The Queen’s Birthday Chulalongkorn Day H.M. The King’s Birthday Constitution Day New Year’s Eve
01 19 04 06 13-15 01 05 12 01 01 30 31 12 23 07 10 31
Jan 01 Jan Feb 08 Feb Mar 22 Feb Mar 06 Apr Apr 13-15 Apr 1 May 02 May May 05 May May 25 Apr Jun 20 May Jul 01 Jul Jul 19 Jul Jul Aug Oct Dec Dec Dec
* Unofficial Chinese Community Only # Banks only + Government only @ Special Holiday Granted by Thai Government 1- Substitute for 021 May 2016 (Sunday) 2 - Substitute for 23 October 2016 (Sunday) 3 - Substitute for 10 December 2016 (Saturday) 4 - Substitute for 31 December 2016 (Saturday)
20 Jul 12 Aug 2 24 Oct 05 Dec 12 Dec 3 4 02 Jan 2017
5 OTHER INFORMATION IDD CODES & TIME DIFFERENCES
IDD Country Code
TIME Difference
Perth
61
0
Sydney
61
+2
Bahrain
973
-5
Brunei
673
0
Toronto
1
-13
Vancouver
1
-16
China
86
0
Czech Republic
42
-7
Finland
358
-6
France
33
-7
Germany
49
-7
Hong Kong
852
0
India
91
2.5
Indonesia
62
-1
Italy
39
-7
Japan
81
+1
Korea (North)
850
+1
Korea (South)
82
+1
DESTINATION
(hours)*
Australia:
Canada:
*
Allowance should be made for seasonal time variations
IDD Country Code
TIME Difference (hours)*
Macau
853
0
Malaysia
60
0
Myanmar (Burma)
95
-1.5
Netherlands
31
-7
Philippines
63
0
Qatar
974
-5
Singapore
65
0
Spain
34
-7 to -8
Switzerland
41
-7
Taiwan
886
0
Thailand
66
-1
United Arab Emirates
971
-4
United Kingdom
44
-7 to -8
Los Angeles
1
-16
New York
1
-13
84
-1
DESTINATION
United States of America:
Vietnam
5
OTHER INFORMATION
CONVERSION FACTORS
UNIT
LENGTH
10 mm 100 cm 1,000 m
= 1 cm =1m = 1 km
12 in = 1 ft 3 ft = 1 yd 1,760 yd = 1 mile
= 1 ha = 1 km
9 ft2 = 1 yd 2 4,840 yd 2 = 1 acre 638 acre = 1 mile 2
AREA
10,000 m 2 100 ha
2
VOLUME
1,000 ml 1,000 L 1,000 cm 3
=1L = 1 m3 =1L
0.83 gal. (UK) = 1 gal.(US) 8 pt. (US) = 1 gal.(US) 4 qt. (US) = 1 gal.(US)
MASS / FORCE
9.806 N 1,000 g 1,000 kg 16 tael
= = = =
1 kg 1 kg 1 tonne 1 catty
1,000 lbs. = 1 kip 16 oz = 1 lb 2,224 lb = 1 ton
PRESSURE
1 Pa = 1 N/m 2 1000 Pa = 1 KPa 1 Mpa = 1 N/mm 2 0.01kg/cm 2 = 1 KPa
0.068 atm = 1psi 14.5 psi = 1 bar 0.491 psi = 1 in. Hg
POWER
1000 w 1w
= 1 kw = 1VA x pf*
TEMPERATURE
COOLING LOAD
12,000 BTU/hr = 1 TR 3,024 kcal/hr = 1 TR 1.5 hp = 1 TR
550 ft-lb/sec = 1 hp
TO IMPERIAL (Approx)
1 in 1 ft 1 yd 1 mile
= = = =
2
1 ft 2 1 yd 1 acre 2 1 mile
25.400 mm 30.480 cm 0.914 m 1.609 km
= = = =
1 cm 1m 1m 1 km
= = = =
0.093 m 2 2 0.836 m 0.405 ha 2 2.590 km
1m2 1 m2 1 ha 1 km 2
= 10.764 ft 2 = 1.196 yd = 2.471 acres = 0.386 mile 2
0.568 L 0.473 L 4.546 L 3.785 L
1 L (UK) 1 L (US) 1 L (UK) 1 L (US)
= = = =
1.760 pt 2.113 pt 0.220 gal 0.264 gal
1 gram 1 kg 1 tonne
= = =
0.035 oz 2.205 lb 0.984 ton
1 pt (UK) 1 pt (US) 1 gal (UK) 1 gal (US)
= = = =
1 oz 1 lb 1 ton 1 catty
= 28.350 g = 0.454 kg = 1.016 tonne = 0.605 kg
1 bar 1 psf 1 psi 1 atm.
= = = =
1 hp
TO METRIC (Approx)
100 47.88 6.895 101.3
KPa Pa KPa KPa
= 0.746 kw
(oF - 32) x 5/9
1 MPa 1 kg/cm 2 1 KPa 1 KPa 1 kw
0.394 in 3.281 ft 1.094 yd 0.621 mile 2
= 145 psi = 14.22 psi = 0.295 in.Hg = 20.89 psf =
1.340 hp
(oC x 9/5) + 32
5
OTHER INFORMATION
LS PROFESSIONAL SERVICES
Normal Services :
¤ Preliminar y cost advice and cost planning ¤ Advice on the type of contractual arr angements to be used ¤ Advice on obtaining tenders ¤ Pr eparation of tender ing documents ¤ Negotiation with
contractors
¤ Visiting site and valuation of wor ks in progress ¤ Assessing the cost of pr oposed variations ¤ Attending site and other meetings ¤ Preparation of financial statements ¤ Settlement of final cost with contractors and sub-contractors ¤ Advice on
contractors’ claims
Special Services :
¤ Construction feasibility studies ¤ Budget formulation ¤ Analysis of cost/design options ¤ Cost planning ¤ Value engineer ing ¤ Cash flow evaluations ¤ Cost monitor ing and/or cost contr ol of construction works ¤ Project management or co-or dination ¤ Reinstatement assessments for fire insurance ¤ Quantifying mechanical and electr ical installation works ¤ Quantifying civil engineer ing works ¤ Definition and operation of plant procurement progr ammes ¤ Cost engineer ing ¤ Evaluation and operation of ser ial (maintenance) contracts ¤ Financial evaluation of “package” bid contracts ¤ Cost and contract resear ch ¤ Advice on litigation ¤ Tax treatment of construction expenditure ¤ Resear ch and consultancy in all aspects of construction economics ¤ Interior decoration and fitting-out works ¤ Preparation of fixed asset registers ¤ Environmental certification
5
OTHER INFORMATION QUALITY SYSTEM ISO 9001:2008
LS Philippines Inc. attained ISO 9001 accreditation in September 1998 then successfully converted to ISO 9001:2000 in December 2003 and to ISO 9001:2008 in January 2010. In addition to the Quantity Surveying Services, LS Philippines Inc. was also certified for ISO 9001: 2008 for the following: a) Development Management Consultancy Services for Building and Engineering Sector; and b) Envrionmental Sustainability Consultancy Services for Building and Engineering Sector LS Philippines Inc. recognises the importance of Quality Assurance especially in a country where Quantity Surveying is not a well recognized profession and quality service is of paramount importance. The establishment of a standard quality control system for all aspects of the services being provided, coupled with our in-house staff training programmes, ensures that LS Philippines continues to provide the best services available to our clients.
QUALITY SYSTEM ISO 14001:2004 + Cor. 1:2009 ENVIRONMENTAL HEALTH AND SAFETY
LS Philippines Inc. has successfully achieved accreditation for ISO 14001 in April 2011, certified by TUV Rheinland – a highly respected certification body with a worldwide network and recognition and accreditation in every region of the world. ISO 14001 is globally accepted as the management system standard for Environmental Management System which provides companies and organisations with a flexible framework for the voluntary development of environmental protection measures wherever they may be based.
5 OTHER INFORMATION ENVIRONMENTAL SUSTAINABILITY Overview of Leadership in Energy & Environmental Design (LEED) The U.S. based Leadership in Energy & Environmental Design (LEED) Green Building System is a voluntary third-party rating system in which credits are earned for satisfying specified green building criteria. Projects are evaluated within six environmental categories, as follows: • • • • • •
Sustainable Sites Water Efficiency Energy & Atmosphere Materials & Resources Indoor Environmental Quality Innovation & Design
Certified, Silver, Gold and Platinum levels of green building certification are awarded based on the total points earned.
Professional Services Pre Design Sustainable design solutions is more efficient and economical if identified and integrated into the project at an early stage. • Assist in team selection • Evaluate sustainable concepts and technologies that are applicable to the project. • Conduct a LEED Design Charette • Register the project to LEED Online Design Establishing clear LEED goals during this stage will ensure that requirements are accounted for in the project cost. • Manage the LEED process by monitoring team responsibilities. • Conduct plan reviews to check if all LEED requirements are incorporated. • Develop Green Specifications. • Perform cost analysis when recommending high-cost strategies. • Liaise with USGBC and GBCI. • Manage the preparaton of LEED documentation for Design Phase Review and ensure these are according to the criteria. • Develop a whole building simulation to demonstrate the projected annual energy savings of the project. • Provide technical support (including calculation methodologies and advise in benefits and implications of sustainable measurer) to the team.
5 OTHER INFORMATION ENVIRONMENTAL SUSTAINABILITY Professional Services Construction Normally, a third of the target points are assigned to the Construction team. Proper monitoring and implementation of the agreed green building measures are key in earning/ acvieving these targets. • • • • •
Provide pre-bid conferences and contractor training Evaluate compliance and progress through submittals and reports from contractor. Inspect site condition if according to approved guidelines. Liaise with USGBC and GBCI Manage the preparation of LEED documentation for Construction Phase (final) Review.
Operations •
Perform post-occupancy project audits - lessons
Being part of LEED Global Linkage and Credentials Langdon & Seah (Phils) Inc. is a member of US Green Build-ing Council (USGBC) and the Philippine Green Building Council (PhilGBC). Our environmental sustainability team composed of highly skilled architects and engineers, has the most number green professional accrediatation than any other company - a combination of LEED AP’s, LEED GA’s and Certified BERDE Professionals. The team is further strengthened by a group of building energy analysts. Building energy analysis includes: • Identification of energy reduction and cost saving measures for new and existing buildings • Development of final models for use in LEED NC / green building certification • Our simulation service includes: whole building simulation, artificial light simulation, daylight simulation.
Green Building Facts • An up-front investment of 5-7% in gr een building design, on average, r esults in lif e cycle savings of 20% of the total construction cost. Source: The Costs and Financial Benefits of Green Buildings: A report to California’s sustainable Building Task Force, October 2003.
• • • • •
Operating cost decr ease by 8-9% Building value incr ease by 7.5% Retur n on investment improved by 6.6% Occupancy ratio incr ease by 3.5% Rent ratio incr eases by 3% Source: McGraw Hill Construction, Greening of Corporate America SmartMarket Report, 2007.
• • • •
Gr een buildings consume less ener gy and fewer r esources Gr een buildings consume 15-20% aver age less ener gy than conventional buildings Gr een buildings save, on average, 40% of dr inkable / potable water Corporate perception of whether gr een fosters innovation: 57% agr ee; 28% neutr al and 15% disagree. Source: McGraw Hill Construction, Greening of Corporate America SmartMarket Report, 2007.
5
OTHER INFORMATION DEVELOPMENT MANAGEMENT OUR APPROACH
We provide advice and consulting services at strategic, policy and operational levels, concentrating on three key areas: · · ·
Project Feasibility Project Set-up Project Delivery
Our multidisciplinary team is skilled in change management, process improvement, procurement, sustainability, economics, market analysis and research. In everything we do, we are committed to creating value for our clients by: · · · ·
Working collaboratively with them Developing a deep understanding of their needs and aspirations Providing tailor-made solutions Being accessible and responsive
PROJECT MANAGEMENT
Integrated Project Management is based on four distinctive phases in the project life cycle: 1. Business Needs and Project Inception In the early stages of a project, Langdon & Seah Philippines Inc. creates the conditions for success by defining a set of value drivers based on an understanding of all stakeholder interests and requirements.
We consider needs, identify risk and can assist with business planning. Where appropriate, we assist with the production of feasibility and cost estimates, the development of master plans, option appraisals, overseeing of site acquisitions, management of planning consents and advice on funding strategies. We work with clients to manage the appointment of suitable consultants, including the agreement of services and fees. 2. Project Strategy & Development At the early development stage we compile strategic and design briefs and produce an overall project execution plan. We oversee the production of costs to agree budgets and provide a detailed master programme for project delivery. We recommend the most appropriate procurement strategy and manage the selection of the best value construction team. We provide a single point of contact for the client when dealing with third parties, contractors and suppliers. 3. Project Control & Delivery Prior to commencing, we make sure that a commercially viable solution has been agreed, that all contracts are administered in the correct form and that necessary management procedures are in place. We set up systems and processes to enable the sharing of information, management of change and identification of potential risks to successful project delivery. We monitor quality, time and costs and provide leadership to the team, resolving issues, liaising with third parties, and reporting on progress as agreed with the client.
5
OTHER INFORMATION
4. Commissioning & Asset Management In the final stages of the project, we monitor commissioning, agree completion, settle final accounts and enable the smooth transition of the asset through to ongoing management. Post-handover, we instigate project reviews and feed lessons learned to the client.
PLANNING
The planning and programming team is a multi-functional group of professionals who are dedicated to the primary management requirement of planning and programming. Our approach is to assist in controlling progress, not simply monitoring it. Benefits
Professional planning and programming · · · · · ·
Enhances management’s understanding of progress and assists trade-offs and decision making Reduces uncertainty in project completion deadlines Avoids costly time overruns Provides expert advice that designers and clients understand Gives high quality clear outputs that make a real contribution to project success Enables corrective action advice to mitigate programme slippages and variations
INTERNATIONAL DIRECTORY OF OFFICES
ASIA PACIFIC PHILIPPINES MANILA
LANGDON & SEAH PHILIPPINES INC. 4th Floor & 7th Floor Kings Court 1 2129 Chino Roces Avenue , Makati City 1231 Philippines GPS : 14.5576, 121.0135 Tel No. : (00 63 2) 811 2971 Fax No. : (00 63 2) 811 2071 Email :
[email protected] Contact : Darneil V. Perez CEBU
LANGDON & SEAH PHILIPPINES INC. 12F, 2Quad Bldg., Cardinal Rosales Avenue Cebu Business Park, Cebu City 6000 Philippines GPS : 10.3142754, 123.9053502 Tel No. : (63 32) 232 2200 Fax No. : (63 32) 2603 699 Email :
[email protected] Contact : Darneil V. Perez BRUNEI BANDAR SERI BEGAWAN
LANGDON & SEAH JURUUKUR BAHAN dan PENGURUSAN UTAMACON Unit 25, BT Complex, Kg. Jaya Setia Mukim Berakas ‘A’ BB2713 P.O. Box 313, Bandar Seri Begawan BS8670 Negara Brunei Darussalam GPS : 4.9394, 114.9377 Tel No. : (00 673 ) 233 2833 Fax No. : (00 673 ) 233 2933 Email :
[email protected] Contact : Shafie Yusof / Justin Teoh
5 OTHER INFORMATION INTERNATIONAL DIRECTORY OF OFFICES ASIA PACIFIC (Continued) KUALA BELAIT JBPU (B) SDN BHD Unit 1, 1st floor, Tang Ching Ying (TCY) Building, Lot 118, Jalan Sungai, Kuala Belait, KA 2331, Negara Brunei Darussalam Tel : (00 673) 3347641 Email :
[email protected] Contact : Shafie Yusof / Shahril Othman KUALA BELAIT PETROKON UTAMA SDN BHD Lot 7219, Jalan Jaya Negara Kg. Pandan, P O Box 811 Kuala Belait KA 1189 Negara Brunei Darussalam GPS : 4.5843, 114.2087 Tel No. : (00 673) 3347878 Fax No. : (00 673) 3347788 Email :
[email protected] Contact : Shafie Yusof CHINA BEIJING LANGDON & SEAH (BEIJING) CONSTRUCTION CONSULTANTS CO. LTD Suite 1225 - 1242 South Wing, Central Tower, Junefield Plaza 10, Xuan Wu Men Wai Street Beijing 100 052, China GPS : 39.896738, 116.375676 Tel : (00 86 10) 6310 1136 Fax : (00 86 10) 6310 1143 Email :
[email protected] Contact : Chan Chi Keung, Andrew
INTERNATIONAL DIRECTORY OF OFFICES
CHANGSHA
LANGDON & SEAH CONSULTANCY (SHANGHAI) CO. LTD CHANGSHA BRANCH Room 11051, Zhong Tian Plaza, 766 Wu Yi Avenue, Furong District, Changsha, Hunan Province 410005, China GPS : 28.195151, 112.983057 Tel : (00 86 731) 8917 1860 Fax : (00 86 731) 8917 6736 Email :
[email protected] Contact : Chen Yong CHENGDU
LANGDON & SEAH CONSULTANCY(CHENGDU) CO. LTD. Room 807, Block A, Times Plaza No. 2 Zongfu Road Chengdu, Sichuan Province 610 016, China GPS : 30.656666, 104.080567 Tel : (00 86 28) 8671 8373 Fax : (00 86 28) 8671 8535 Email :
[email protected] Contact : Lum Ka Wai, Andy CHONGQING
LANGDON & SEAH CONSULTANCY (CHENGDU) CO. LTD. CHONGQING BRANCH Room 3408, International Trade Centre 38, Qing Nian Road, Central District Chongqing 400010, China GPS : 29.556331, 106.574332 Tel : (00 86 23) 8655 1333 Fax : (00 86 23) 8655 1616 Email :
[email protected] Contact : Lin Wai Yip, Gary
5 OTHER INFORMATION INTERNATIONAL DIRECTORY OF OFFICES ASIA PACIFIC (Continued) DALIAN LANGDON & SEAH (BEIJING) CONSTRUCTION CONSULTANTS CO. LTD. DALIAN BRANCH Unit 07, 32F, Xiwang Tower 136 Zhongshan Road, Zhongshan District Dalian, Liaoning Province, 116001, China GPS : 38.914864, 121.631245 Tel : (00 86 411) 8800 8018 Fax : (00 86 411) 8800 8823 Email :
[email protected] Contact : Ng Hin Kan, Kenn FOSHAN LANGDON & SEAH CONSULTANCY (SHENZHEN) CO. LTD. FOSHAN BRANCH 3/F, Foshan Ling Nan Tian Di, Zu Miao Road Shop Nos. Z01-Z11 Zu Miao Road Foshan Guangdong Province, 528 000, China GPS : 23.031224, 113.11278 Tel : (00 86 757) 8203 0028 Fax : (00 86 757) 8203 0029 Email :
[email protected] Contact : Lee Kwok Wing, Dickey GUANGZHOU LANGDON & SEAH CONSULTANCY (SHENZHEN) CO. LTD GUANGZHOU BRANCH 3A10-18 Unit, 3/F Bank of America Plaza 555 Ren Min Zhong Road Guangzhou, Guangdong Province, 510 145, China GPS : 23.123148, 113.253628 Tel : (00 86 20) 8130 3813 Fax : (00 86 20) 8130 3812 Email :
[email protected] Contact : Wong Wing Cheung, Jack
INTERNATIONAL DIRECTORY OF OFFICES
HAIKOU
LANGDON & SEAH CONSULTANCY (SHENZEN) CO. LTD. HAIKOU BRANCH Unit B 27/F Times Square, 2 Guomao Road, Haikou Hainan Province 570100, China GPS : 20.029509, 110.326235 Tel : (00 86 898) 6652 7818 Fax : (00 86 898) 6652 7809 Email :
[email protected] Contact : Yi Zheng Gang HANGZHOU
LANGDON & SEAH CONSULTANCY (SHANGHAI) CO. LTD. HANGZHOU BRANCH Room 2305 WinNing International 100 Min Xin Road Hangzhou, Zhejiang Province 310016, China GPS : 30.251755, 120.218913 Tel : (00 86 571) 2829 7766 Fax : (00 86 571) 2829 7622 Email :
[email protected] Contact : Lu Mei Hua / Zhou Yuan HENGQIN
LANGDON & SEAH CONSULTANCY (ZHUHAI HENGQIN) CO. LTD. HENGQIN BRANCH 7/F, 156 Nan Shan Ju Road, Hengqin, Zhuhai, Guangdong Province 519031, China GPS : 22.142774, 113.544438 Tel : (86 756) 868 8986 Fax : (86 756) 868 8969 Email :
[email protected] Contact : Wan Chi Shing, Stanley
5 OTHER INFORMATION INTERNATIONAL DIRECTORY OF OFFICES ASIA PACIFIC (Continued) NANJING LANGDON & SEAH CONSULTANCY (SHANGHAI) CO. LTD. NANJING BRANCH 1104 South Tower Jinmao Plaza, 201 Zhong Yang Road, Nanjing Jiangsu Province 210009, China GPS : 32.071984, 118.783443 Tel : (86 25) 57911860 Fax : (86 25) 6698 1860 Email :
[email protected] Contact : Chen Taofen HONGKONG ARCADIS ASIA LIMITED LANGDON & SEAH HONG KONG LIMITED LANGDON & SEAH CHINA LIMITED LANGDON & SEAH MANAGEMENT LIMITED 38/F AIA Kowloon Tower , Landmark East, 100 How Ming Street, Kwun Tong, Kowloon Hong Kong GPS : 22.3125, 114.2223 Tel : (00 852) 2830 3500 Fax : (00 852) 2576 0416 Email :
[email protected] Contact : Au Kai Ming, Francis ARCADIS ASIA HEADQUARTERS HONG KONG ARCADIS ASIA LIMITED 38/F AIA Kowloon Tower, Landmark East, 100 How Ming Street Kwun Tong, Kowloon, Hong Kong GPS : 22.3125, 114.2223 Tel : (852) 2830 3500 Fax : (852) 2576 0416 Email :
[email protected] Contact : Poon Kan Young, Kenneth, CEO, Asia
INTERNATIONAL DIRECTORY OF OFFICES
MACAU
LANGDON & SEAH MACAU LIMITED Avenida da Praia Grande, No. 594 Edificio BCM, 12th Floor Macau GPS : 22.192210,113.541252 Tel : (00 853) 2833 1710 Fax : (00 853) 2833 1532 Email :
[email protected] Contact : Chan Yuk Sim, Katherine QINGDAO
LANGDON & SEAH CONSULTANCY (SHANGHAI) CO. LTD. QINGDAO BRANCH Room 09, 16F, HNA Center 234 Yan An San Road, Shinan District Qingdao, Shangdong Province 266071, China GPS : 36.060852, 120.375351 Tel : (00 86 532) 8280 1818 Fax : (00 86 532) 8280 1881 Email :
[email protected] Contact : Feng Shi En, Andy SHANGHAI
LANGDON & SEAH CONSULTANCY (SHANGHAI) CO. LTD. 11th Floor, Building C, The Place, No. 150 Zunyi Road Changning District Shanghai 200051 China GPS : 31.207363, 121.407984 Tel : (86 21) 6026 1300 Fax : (86 21) 6026 1800 Email :
[email protected] Contact : Chan Hoi Or, Joe
5 OTHER INFORMATION INTERNATIONAL DIRECTORY OF OFFICES ASIA PACIFIC (Continued) SHENYANG LANGDON & SEAH (BEIJING) CONSTRUCTION CONSULTANTS CO. LTD. SHENYANG BRANCH Room 1801, 1806-1809, 18/F E Tower of Fortune Plaza 59 Beizhan Road, Shenhe District Shenyang, Liaoning Province 110 013, China GPS : 41.814314,123.435484 Tel : (00 86 24) 3195 8880 Fax : (00 86 24) 3128 6983 Email :
[email protected] Contact : Chow Hau Ming, Simon SHENZHEN LANGDON & SEAH CONSULTANCY (SHENZHEN) CO. LTD. Room 1001, AVIC Centre, 1018 Huafu Road, Shenzhen Guangdong Province 518031, China GPS : 22.543241, 114.082051 Tel : (00 86 755) 2598 1841 Fax : (00 86 755) 2598 1854 Email :
[email protected] Contact : Lo Kwok Chu, Kenneth SUZHOU LANGDON & SEAH CONSULTANCY (SHANGHAI) CO. LTD. SUZHOU BRANCH Room 906 Centuray Financial Tower 1 Suzhou Avenue West Suzhou, Jiangsu Province 215021, China GPS : 31.315872, 120674879 Tel : (00 86 512) 8777 5599 Fax : (00 86 512) 8777 5600 Email :
[email protected] Contact : Zhang Rui
INTERNATIONAL DIRECTORY OF OFFICES
TIANJIN
LANGDON & SEAH CONSULTANCY CO LTD TIANJIN BRANCH 4002, 40/F Tianjin World Financial Centre Office Tower 2 Dagubei Road, He Ping District Tianjin 300 020, China GPS : 39.129619, 117202758 Tel : (00 86 22) 2329 8611 Fax : (00 86 22) 2319 3186 Email :
[email protected] Contact : Won Ching Ying WUHAN
LANGDON & SEAH CONSULTANCY (SHANGHAI) CO LTD WUHAN BRANCH Room 1008, 10/F, Corporate Center 5, Wuhan Tiandi, 1628 Zhongshan Road, Wuhan, Hubei Province 430 010, China GPS : 30.608202, 114.310273 Tel : (00 86 27) 5920 9299 Fax : (00 86 27) 5920 9298 Email :
[email protected] Contact : Guang Rong XI’AN
LANGDON & SEAH CONSULTANCY (SHENZHEN) CO. LTD. XI’AN BRANCH Unit 06-07, 16F, CapitaMall Office Building 64 South Second Ring Western Xian, Shaanxi Province 710065, China GPS : 34.230397, 108.934893 Tel : (00 86 29) 8866 9711 Fax : (00 86 29) 8866 9760 Email :
[email protected] Contact : Wang Zhu Zhu
5 OTHER INFORMATION INTERNATIONAL DIRECTORY OF OFFICES ASIA PACIFIC (Continued) INDIA BANGALORE LANGDON & SEAH CONSULTING INDIA PVT LTD 2nd Floor, Esquire Center No.9, M G Road Bangalore 560 008, India GPS : 12.974, 77.617 Tel : (00 91 80) 4123 9141 Fax : (00 91 80) 4123 8922 Email :
[email protected] Contact : Velan Murali / Biju AK CHENNAI LANGDON & SEAH CONSULTING INDIA PVT LTD New No.20, West Cott Road Royapettah Chennai 600 004, India GPS : 13.055, 80.265 Tel : (00 91 44) 2855 3137 Fax : (00 91 44) 2855 0141 Email :
[email protected] Contact : Velan Murali / Sankar Ramkrishnan DELHI LANGDON & SEAH CONSULTING INDIA PVT LTD The Elements, 2nd Floor, Unit No. 465 Udyog Vihar, Phase-V, Gurgaon Haryana 122 016, India GPS : 28.5012, 77.085 Tel : (00 91 124) 430 8790 Fax : (00 91 124) 430 8793 Email :
[email protected] Contact : Velan Murali / Arun Basu
INTERNATIONAL DIRECTORY OF OFFICES
HYDERABAD
LANGDON & SEAH CONSULTING INDIA PVT LTD 2nd Floor Trade Fair Office, Hitex Exhibition Center, Izzat Nagar Hyderabad 500 084, India GPS : 17.475, 78.375 Tel : (00 91 40) 2311 4942 Fax : (00 91 40) 2311 2942 Email :
[email protected] Contact : Velan Murali / Bhoomeshwar Rao KOLKATA
LANGDON & SEAH CONSULTING INDIA PVT LTD Stesalit Towers, 6th Floor E2-3, EP & Gp Block, Sector V, Salt Lake, Kolkata - 700091, India GPS : 22.569814, 88.433725 Tel : (00 91 124) 430 8790 Fax : (00 91 124) 430 8793 Email :
[email protected] Contact : Velan Murali / Arun Basu MUMBAI
LANGDON & SEAH CONSULTING INDIA PVT LTD Unit No. 103 First Floor, Akruti SMC, Khopat Junction, Near Khopat Bus Depot Thane (West) 400601m, Maharashtra, India GPS : 19.1988, 72.9756 Tel : (00 91 22) 4125 6060 Fax : (00 91 22) 4125 6050 Email :
[email protected] Contact : Velan Murali /Darshan Joshi
5 OTHER INFORMATION INTERNATIONAL DIRECTORY OF OFFICES ASIA PACIFIC (Continued) PUNE LANGDON & SEAH CONSULTING INDIA PVT LTD City Survey No. 804 / B, Bhandarkar Institute Road, Lane No-14, Pune 411004 (Near Skoda Show Room), Maharashta, India GPS : 18.5204, 73.8567 Tel : (00 91 20) 2565 0417 / 25650 419 Fax : (00 91 22) 3933 5556 Email :
[email protected] Contact : Velan Murali / Darshan Joshi INDONESIA BALI PT LANGDON & SEAH INDONESIA Level 2, Alamanda Office Jalan By Pass Ngurah Rai No. 67 Banjar Pengenderan, Kedonganan Bali 80361, Indonesia GPS : 8.7893, 115.2106 Tel : (00 62 361) 472 5353 Fax : (00 62 361) 472 5354 Email :
[email protected] Contact : Ir. Putu Arya Canti JAKARTA PT LANGDON & SEAH INDONESIA Jalan Jenderal Sudirman 9 Level 18 Ratu Plaza Office Tower Jakarta 10270, Indonesia GPS : 6.2271, 106.8008 Tel : (00 62 21) 739 7550 Fax : (00 62 21) 739 7846 Email :
[email protected] Contact : Peter Robinson
INTERNATIONAL DIRECTORY OF OFFICES
KOREA SEOUL
LANGDON & SEAH KOREA CO LTD #429, 27, Seochojungang-ro 24-gil Seocho-gu, Seoul 137-882, Korea GPS : 37.4953, 127.0164 Tel : (00 82 2) 543 3888 Fax : (00 82 2) 543 3898 Email :
[email protected] Contact : Aaron Page MALAYSIA JOHOR
LANGDON & SEAH SDN BHD JURU UKUR BAHAN MALAYSIA JUBM SDN BHD ARCADIS PROJEKS SDN BHD 47, Jalan Setia Tropika 1/30 Taman Setia Tropika, 81200 Johor Bahru Johor Darul Takzim, Malaysia GPS : 1.5422, 103.7111 Tel : (00 60 7) 232 8300 Fax : (00 60 7) 232 8232 Email :
[email protected] Contact : Syed Mahadzir Syed Ahmad PENANG
LANGDON & SEAH SDN BHD JURU UKUR BAHAN MALAYSIA JUBM SDN BHD ARCADIS PROJEKS SDN BHD Suite 3A-3, Level 3A, Wisma Great Eastern No. 25, Lebu Light 10200 Penang, Malaysia GPS : 5.4201, 100.3408 Tel : (00 60 4) 264 2071 / 2072 / 2073 Fax : (00 60 4) 264 2068 Email :
[email protected] Contact : Nur Aziz Abu Bakar
5 OTHER INFORMATION INTERNATIONAL DIRECTORY OF OFFICES
ASIA PACIFIC (Continued) SABAH LANGDON & SEAH SDN BHD JURU UKUR BAHAN MALAYSIA JUBM SDN BHD ARCADIS PROJEKS SDN BHD Suite 8A, 8th Floor, Wisma Pendidikan Jalan Padang, P O Box 11598 88817 Kota Kinabalu Sabah, Malaysia GPS : 5.9783, 116.0761 Tel : (00 60 88) 223 369 Fax : (00 60 88) 216 537 Email :
[email protected] Contact : Ang Kun Eng SARAWAK JUBM SDN BHD No. 2, (3rd Floor) Jalan Song Thian Cheok 93100 Kuching Sarawak, Malaysia GPS : 1.5532, 110.3532 Tel : (00 60 82) 232 212 Fax : (00 60 82) 232 198 Email :
[email protected] Contact : Nor Azman Bin Baharum SELANGOR LANGDON & SEAH SDN BHD JURU UKUR BAHAN MALAYSIA JUBM SDN BHD ARCADIS PROJEKS SDN BHD Level 5, Menara TSR 12 Jalan PJU 7/3, Mutiara Damansara 47810 Petaling Jaya Selangor Darul Ehsan, Malaysia GPS : 3.1616, 101.6129 Tel : (60 3) 2106 8000 Fax : (60 3) 2106 9090 Email :
[email protected] Contact : Loo Ming Chee / Mohd Ali Abd Karim / Justin Teoh / Syed Mahadzir Syed Ahmad / Mohamad Faiz Awang / Nur Aziz Abu Bakar
5 INTERNATIONAL DIRECTORY OF OFFICES
SINGAPORE
LANGDON & SEAH SINGAPORE PTE LTD L&S CONTRACT ADVISORY & DISPUTE MANAGEMENT SERVICES PTE LTD 1 Magazine Road, #05-01 Central Mall Singapore, 059567 GPS : 1.288526, 103.8426085 Tel : (65) 6222 3888 Fax : (65) 6224 7089 Email :
[email protected] Contact : Eugene Seah / Ho Kong Mo ARCADIS PROJECT MANAGEMENT PTE LTD
1 Magazine Road, #03-12 Central Mall Singapore 059567 GPS : 1.288526,103.842085 Tel : (65) 6239 8600 Fax : (65) 6538 4508 Email :
[email protected] Contact : Seah Choo Meng / Teoh Wooi Sin / Bernard Ho THAILAND BANGKOK
LANGDON & SEAH (THAILAND) LTD LECE (TAHILAND) CO LTD 10th Floor, Kian Gwan II Building 140/1 Wireless Road, Lumpini, Pratumwan Bangkok 10330, Thailand GPS : 13.734969, 100.545448 Tel : (00 66 2) 253 1438 - 9 Fax : (00 66 2) 253 4977 Email :
[email protected] Contact : Ang Yen Kooi / Wong Soon Bin
5 OTHER INFORMATION INTERNATIONAL DIRECTORY OF OFFICES ASIA PACIFIC (Continued) VIETNAM HANOI LANGDON & SEAH VIETNAM CO LTD Level 2, Hoa Binh Tower Building 106 Hoang Quoc Viet Street, Cau Giay District, Hanoi, Vietnam GPS : 21.046280, 105.793827 Tel : (00 844) 3942 7525 Fax : (00 844) 3942 7526 Email :
[email protected] Contact : Mark Olive HO CHI MINH CITY LANGDON & SEAH VIETNAM CO LTD L12-03, Level 12, Vincom Building 72 Le Thanh Ton Street District 1, Ho Chi Minh City, Vietnam GPS : 10.777828, 106.702548 Tel : (00 848) 3823 8297 Fax : (00 848) 3823 8197 Email :
[email protected] Contact : Mark Olive ARCADIS HEADQUARTERS AMSTERDAM ARCADIS NV “Symphony” Gustav Mahlerplein 97-103 1082 MS Amsterdam P.O. Box 7895 1008 AB Amsterdam The Netherlands Tel : (31 20) 201 1011 Fax : (31 20) 201 1002 Email :
[email protected] Website : www.arcadis.com Contact : Neil McArthur, CEO
