Page 32 - Silver Clips

The Village Towns Sites C3 and D
Total Number of Condo Units 25
Building SF Per Building 9,120
Number of Buildings 5
Total Building SF 45,600
Construction Costs
Modular Precast Concrete $100.00 SF 45,600 $4,560,000
Interior Finishings $70.32 SF $3,206,469
Roofing $12.00 SF 22,800 $273,600
Basements $250,000
Permit Drawings $50,000
Construction Costs Before Labour Costs $8,340,069 $182.90
Labour 30% $2,502,021 $54.87
Less Concrete Labour $1,468,320 $32.20
Other Work Labour $1,033,701 $22.67
Total Construction Costs With Labour Costs $9,373,769 $205.57
Other Costs
Site Development Cost $35.22 (per SF of building area; or $11 PSF of land area) $1,562,062
Development Charges (Residential) $27,409 per unit 25 $685,214
Construction Financing 8.00% $749,902
Land Taxes and Other $150,000
Sale Commission 3.00% $567,720
Total Other Costs $3,714,897 $81.47
Total Project Cost $13,088,666 $287.03
Total Project Income $18,924,000 $415.00
Total Project Retained Profit $5,835,334 $127.97
Construction Costs Against Sales 69%
Note: Expense Costs for Construction Management not included