University of Adelaide - Cost Planning and Management Project Report

This report presents a comprehensive review of cost planning and management for a residential development project. The analysis includes measuring Gross Floor Area (GFA) using Fully Enclosed Covered Area (FECA) and Unenclosed Covered Area (UCA), providing indicative cost advice, assessing functional areas, and reviewing the design to evaluate value to the client. It explores value management options, recommends suitable contract types, and suggests appropriate tender documentation. The project, undertaken by a multi-disciplinary practice, addresses challenges posed by economic uncertainties in the Australian residential market, heavily influenced by the Chinese investor market. The report aims to guide the developer's decision-making process regarding project investment, ensuring efficient cost control and effective project management. The report includes detailed calculations, diagrams and references to industry standards and best practices.