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Read our policy.

The budget checklist
1ÌýSite conditions and constraints
ÌýIs the site clear? Ìý
ÌýDo the buildings to be demolished contain asbestos? Ìý
ÌýIs the land contaminated? Ìý
ÌýWhat are the ground conditions? Ìý
ÌýWhat are the site contours? Ìý
ÌýCan existing materials be salvaged? Ìý
ÌýCertain of these costs could be offset against the land purchase price.Ìý
ÌýTypical overall budget provision5-10%
2ÌýÐǿմ«Ã½s : income and non-income generating
ÌýÐǿմ«Ã½ types and uses Ìý
Ìýoffices/residentialÌý
Ìýlow rise/high riseÌý
Ìýmixed use towersÌý
Ìýalternative specificationsÌý
Ìýnet to gross efficienciesÌý
ÌýTypical overall budget provision75-90%
ÌýAllocation split is: buildings 80-90%, car parking 5-10% and external works 5-10%Ìý
3ÌýOn-site infrastructure
ÌýEstate/secondary roadsÌý
ÌýMains servicesÌý
ÌýInfrastructure networkÌý
ÌýPublic open spaces and parklandÌý
ÌýTypical overall budget provision5-10%
4ÌýOff-site infrastructure, network and neighbourhood characteristics
ÌýSurrounding road networkÌý
ÌýSite access pointsÌý
ÌýBridgesÌý
ÌýMains services diversions and reinforcementsÌý
ÌýRestrictions imposed by neighbours/covenantsÌý
ÌýTypical overall budget provision0-5%
It is essential to consider the four elements in the checklist included here. If the relative proportions of the masterplan differ greatly from these percentage allocations, then the scheme is either unviable, an exceptional opportunity, or it is one to be re-analysed.
The costs of car parking
At grade£1500 - 2000/space
In landscaped courtyards£2500 - 3500/space
Undercroft £5000 - 7000/space
Semi-basement£8000 - 11,000/space
Semi-basement under podium£11,000 - 14,000/space
Full basement£15,000 - 20,000/space