What Are The Gross Development Cost (GDC)
- preliminary cost
- building cost
- professional fees
- administration & management cost
- finance cost
- sale & marketing
- contingency
1.Preliminary Cost
there are 3 stages of construction & the GDC calculation is based on the 1st state which is pre construction state or cost before the principle construction.
three stages of construction
a) pre construction -
- site survey,
- feasibility study,
- planning permission,
- infrastructure,
- conversion,
- premium,
- statutory contribution ( TNB, Telekom, Jabatan Parit & Saliran ),
- site clearing,
- earth work ( cut & filled to flat the land )
- compensation ( squatter )
- foundation to roof
- commissioning - test the functioning of the building, building services,
- defect liability
- tnb
- bomba
- telekom
- syabas
- building department from local autority
- IWK
- planning
2. Building Cost
- labour
3. Professional Fees
engineer QS,
Civil, architect, planner, property consultant,solicitor, land surveyor,
landscape & interior design => under architect
4. Administration & Management Cost
salary
rental
operation
5. Sale & marketing
permit, booth, campaign,
6. Contingency
a provision for an unforeseen event or circumstance
for exam purpose only - we use this percentage
- preliminary cost - RM 120k - RM 150k per annual
- building cost - shop, terrace, semi D, detached, apartment, condo
- professional fees - 20% - 25% of 1) & 2)
- administration & management cost - RM 60k per month
- finance cost - interest on based on 1,2,3,4 & 7
- sale & marketing - 5% of GDV
- contingency - 5% of GDC
