SUMMARY OF COST ESTIMATES

PROJECT: ONE - STOREY RESIDENTIAL BUILDING

PROJECT DURATION: 5 MONTHS

I. DIRECT COST
a. Material Cost...................................................................................... Php 762,018.34
b. Labor Cost (35% Material Cost)........................................................ Php 266,706.42
Total Direct Cost................................. Php 1,028,724.76

II. JOB SITE INDIRECT COST

a. Job Site Overhead.............................................................................. Php 254,000.00
b. Contingency (10% Direct Cost).......................................................... Php 102,872.48
c. Contractor's Profit (10% Direct Cost)................................................. Php 102,872.48
Total Job Site Indirect Cost............... Php 459,744.95

III. VAT
a. 12% Job Site Indirect Cost.................................................................. Php 55,169.39
b. 12% Labor Cost.................................................................................. Php 32,004.77
Total VAT............................................... Php 87,174.16

IV. INDIRECT COST

a. Job Site Indirect Cost.......................................................................... Php 459,744.95
b. VAT...................................................................................................... Php 87,174.16
Total Indirect Cost............................... Php 546,919.12

V. BID PRICE
a. Indirect Cost........................................................................................ Php 546,919.12
b. Direct Cost.......................................................................................... Php 1,028,724.76
c. Plan and Estimate (5% of Material Cost)............................................ Php 38,100.92
BID PRICE............................................. Php 1,613,744.79

TOTAL AREA IN SQ. M. Php 122.55

UNIT COST PER SQ. M. Php 13,168.05
Prepared by:

RHODA MAE R. VALDEZ

Student
Approved by:

ENGR. CLAUDIO SANTIAGO

Instructor