Owner related construction costs on a project need to consider several key areas besides the direct cost of construction.
These broad areas include:
1) Professional Fees
2) Code Review and Testing Expenses
3) FF&E and Specialized Equipment Costs
4) Company Internal Support Costs
5) Project/Program Contingency Funds
As an example, Professional Fees can include Basic A/E Fees, Project or Program Management Fees, Construction Inspection, Commissioning, Cost & Schedule Consulting along with other Management and Administration Fees and Expenses.
