Quotation & Cost Engineering
Hofmann Architecture curates full frame-off renovations at the highest level of quality in the industry. Project goals and requirements for a renovation will ultimately guide the cost of the project, however there is a minimum set of design and build processes that are required to do the job right. The starting cost for achieving this standard is $120,000.
When planning for project costs, it is helpful to understand the difference between Hard Costs and Soft Costs.
Hard Cost are costs directly associated with building a project, such as Materials and Equipment, Construction Labor, Construction Management, Subcontractors, Consultants and even the cost of the vessel or vehicle itself. Hard Costs make up 80-90% of the project.
Soft Costs are project design and planning costs, such as the “Discovery Phase,” Design, Construction Documents, Estimating, Design Consultants, Project Engineering, Design Management, and other design related fees. Soft Costs typically make up 10-20% of a project.
A preliminary estimate is established at the end of the Discovery Phase. A Fixed Fee Quotation is generated at the completion of the Construction Documents, and represents the real cost of labor and materials required to build the project.