ABSTRACT
This chapter discusses average prices, on a fluctuating basis , for typical buildings based on a tender price level index of 550 (1976 = 100). Prices allow for Preliminaries at 16%, and Overheads and Profit. Unless otherwise stated, prices do not allow for external works, furniture, loose or special equipment and are, of course, exclusive of fees for professional services. Prices are based upon the total floor area of all storeys, measured between external walls and without deduction for internal walls, columns, stairwells, lift wells and the like. In many instances normal commercial pressures together with a limited range of available specifications ensure that a single rate is sufficient to indicate the prevailing average price. However, where such restrictions do not apply a range has been given; this is not to suggest that figures outside this range will not be encountered, but simply that the calibre of such a type of building can itself vary significantly.
