9 story residential and shops mix development
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9 story residential and shops mix development

Building estimates and tenering

9 story residential and shops mix development: Queen Street, St Marys, NSW

• 3,600 m² residential apartments with high quality fitouts;

• two basements (1,900m2 total) with car parking spaces

• 850 m² up-market shopping mall extended over ground floor including food court, shops, leisure areas, kiosks and children play areas

• landscaped gardens at ground level with water features and fancy lighting

Project 2 final cost varied 45% from the initial cost estimate and the predicted factors that may have influenced are:

• plant, labour and material shortages and price escalations

• higher bids from contractors due to less competition (caused by shortage of keen tenderers as a result of Covid)

• supply chain issues, delays in delivery of imported materials due to the disruptions caused by Covid.

• delays on site due to COVID shutdowns and work stop orders

Data Material

Hint
Management When there is less competition, predominant firms can utilize their market ability to charge more exorbitant costs, offer diminished quality, and block possible contenders from entering the market — meaning business visionaries and independent ventures can't take part on a level battleground and novel thoughts can't turn out to be new products...

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