bugeyebug
Mechanical
- Jan 27, 2007
- 2
We're trying to budget for an upcoming large scale construction project. Our building designs and specifications are complete, and we're now out getting bids for construction. As subcontractors put together bids, they're asking questions that we pass back along to the A&E firm. Once we get a subcontractor under contract, there will be shop drawing reviews and submittals that we also need input on from our A&E firm.
Is there a rule of thumb for estimating the amount of money we'll need to cover these requests for information (RFIs), submittals, and shop drawing reviews? Our overall estimated cost of construction is ~$30M, and our base A&E fees are about 8% at this point. We have 1% set aside (i.e., $300K) for RFI and submittals, but I fear this is not enough.
Any good rules of thumb or experiences you folks know of would be greatly appreciated.
Cheers, Mark
Is there a rule of thumb for estimating the amount of money we'll need to cover these requests for information (RFIs), submittals, and shop drawing reviews? Our overall estimated cost of construction is ~$30M, and our base A&E fees are about 8% at this point. We have 1% set aside (i.e., $300K) for RFI and submittals, but I fear this is not enough.
Any good rules of thumb or experiences you folks know of would be greatly appreciated.
Cheers, Mark