Philippines Cost DLS 2015

Construction Cost Handbook

PHILIPPINES 2015

Langdon & Seah Philippines Inc

Published by Langdon & Seah (Philippines)

Projects featured on Cover Page :1. The Viridian - (upper left side)2. BDO Corporate Tower - Ortigas - (upper right side) 3. Manila Bay Resorts (bottom)

0

The following handbook of information relating to the construction industry has been compiled by:

Langdon & Seah Philippines Inc.4th & 7th Floor Kings Court I Building2129 Pasong Tamo, Makati City 1231PhilippinesTelephone : +63 (2) 811 2971Fax : +63 (2) 811 2071Email : [email protected] : www.langdonseah.com

Langdon & Seah Philippines Inc. 2015

All rights reserved. No part of this publication may be re-produced or copied in any form without prior written permission from Langdon & Seah (Philippines).

The information contained herein should be regarded as indicative and for general guidance only. Whilst every effort has been made to ensure accuracy, no responsibility can be accepted for errors and omissions, however caused.

If advice concerning individual projects is required, we would be happy to assist.

Unless otherwise stated, costs reflected in this handbook are anticipated Manila costs in 4th Quarter 2014.

Langdon & Seah Philippines Inc. would like to acknowledge the assistance of Jones Lang LaSalle in providing additional data and information for this publication.

INTRODUCTION 1

TABLE OF CONTENTS2

TABLE OF CONTENTS0

Page No.

IndexCalendar 4Vision / Mission Statement 6Quality Policy Statement 10

1. CONSTRUCTION COST DATA

Construction Costs for Selected Asian Cities 12M & E Costs for Selected Asian Cities 18Construction Costs for Philippines 24M & E Services Costs for Philippines 26Construction Cost Specification 28Major Rates for Selected Asian Cities 30Retail Prices of Basic Construction Materials for Philippines 36Unit Costs for Ancillary Facilities for Philippines 40M & E Major Plant Costs for Philippines 42Fit-out Costs for Philippines 44Kitchen Equipment Cost for Philippines 47

2. GENERAL CONSTRUCTION DATA

Trends in Construction Costs for Philippines 51Construction Value 52Construction Activity 53Lead Time of Different Packages 54Utility Costs for Selected Asian Cities 56Estimating Rules of Thumb 58Progress Payments 60Construction Materials Wholesale Price Index 62Minimum Wage 64Average Earnings Index for Construction 65

Page No.

3. PROPERTY COMMENTARY

Commercial 69Residential 70Hotels and Serviced Apartments 71Retail 72Industrial 74

4. FINANCIAL

Philippines Key Data 78Economic Highlights 79Financial Definitions 80Financial Formulae 81Mortgage Repayment Table 82Consumer Price Index 83Exchange Rates 84Currency Charts 86Prime Rates 90Manila Reference Rate 91

5. OTHER INFORMATION

Philippine Map 94Public Holidays 95IDD Codes & Time Differences 104Conversion Factors 106Langdon & Seah Professional Services 108Quality System 110Environmental Sustainability 112Development Management 116International Directory of Langdon & Seah Offices 119

TABLE OF CONTENTS 3

CALENDAR4

CALENDAR0

JANUARY FEBRUARY MARCH

APRIL MAY JUNE

JULY AUGUST SEPTEMBER

OCTOBER NOVEMBER DECEMBER

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 1213 14 15 16 17 18 1920 21 22 23 24 25 2627 28 29 30 31

M T W T F S S 1 2 3 4 5 6 7 8 910 11 12 13 14 15 1617 18 19 20 21 22 2324 25 26 27 28

M T W T F S S31 1 2 3 4 5 6 7 8 910 11 12 13 14 15 1617 18 19 20 21 22 2324 25 26 27 28 29 30

M T W T F S S30 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1516 17 18 19 20 21 2223 24 25 26 27 28 29

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 1314 15 16 17 18 19 2021 22 23 24 25 26 2728 29 30

M T W T F S S 1 2 3 4 5 6 7 8 9 10 1112 13 14 15 16 17 1819 20 21 22 23 24 2526 27 28 29 30 31

M T W T F S S 1 2 3 4 5 6 7 8 9 1011 12 13 14 15 16 1718 19 20 21 22 23 2425 26 27 28 29 30 31

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 1415 16 17 18 19 20 2122 23 24 25 26 27 2829 30

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 1314 15 16 17 18 19 2021 22 23 24 25 26 2728 29 30 31

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 1213 14 15 16 17 18 1920 21 22 23 24 25 2627 28 29 30 31

M T W T F S S 1 2 3 4 5 6 7 8 910 11 12 13 14 15 1617 18 19 20 21 22 2324 25 26 27 28 29 30

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 1415 16 17 18 19 20 2122 23 24 25 26 27 2829 30 31

2014


APRIL MAY JUNE



M T W T F S S 1 2 3 4 5 6 7 8 9 10 1112 13 14 15 16 17 1819 20 21 22 23 24 2526 27 28 29 30 31

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1516 17 18 19 20 21 2223 24 25 26 27 28

M T W T F S S30 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1516 17 18 19 20 21 2223 24 25 26 27 28 29

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 1213 14 15 16 17 18 1920 21 22 23 24 25 2627 28 29 30

M T W T F S S 1 2 3 4 5 6 7 8 9 1011 12 13 14 15 16 1718 19 20 21 22 23 2425 26 27 28 29 30 31

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 1415 16 17 18 19 20 2122 23 24 25 26 27 28 29 30

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 1213 14 15 16 17 18 1920 21 22 23 24 25 2627 28 29 30 31

M T W T F S S31 1 2 3 4 5 6 7 8 910 11 12 13 14 15 1617 18 19 20 21 22 2324 25 26 27 28 29 30

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 1314 15 16 17 18 19 2021 22 23 24 25 26 2728 29 30

M T W T F S S 1 2 3 4 5 6 7 8 9 10 1112 13 14 15 16 17 1819 20 21 22 23 24 2526 27 28 29 30 31

M T W T F S S30 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1516 17 18 19 20 21 2223 24 25 26 27 28 29

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 1314 15 16 17 18 19 2021 22 23 24 25 26 2728 29 30 31

2015

2017


2016


APRIL MAY JUNE



M T W T F S S 1 2 3 4 5 6 7 8 9 1011 12 13 14 15 16 1718 19 20 21 22 23 2425 26 27 28 29 30 31

M T W T F S S 1 2 3 4 5 6 7 8 9 1011 12 13 14 15 16 1718 19 20 21 22 23 2425 26 27 28 29 30 31

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 1415 16 17 18 19 20 2122 23 24 25 26 27 2829

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 1314 15 16 17 18 19 2021 22 23 24 25 26 2728 29 30 31

M T W T F S S 1 2 3 4 5 6 7 8 9 1011 12 13 14 15 16 1718 19 20 21 22 23 2425 26 27 28 29 30

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1516 17 18 19 20 21 2223 24 25 26 27 28 29

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 1213 14 15 16 17 18 1920 21 22 23 24 25 2627 28 29 30

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 1415 16 17 18 19 20 2122 23 24 25 26 27 28 29 30 31

M T W T F S S 1 2 3 4 5 6 7 8 9 10 1112 13 14 15 16 17 1819 20 21 22 23 24 2526 27 28 29 30

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 1314 15 16 17 18 19 2021 22 23 24 25 26 2728 29 30

M T W T F S S 1 2 3 4 5 6 7 8 910 11 12 13 14 15 1617 18 19 20 21 22 2324 25 26 27 28 29 30

M T W T F S S 1 2 3 4 5 6 7 8 9 10 1112 13 14 15 16 17 1819 20 21 22 23 24 2526 27 28 29 30 31

APRIL MAY JUNE



M T W T F S S 1 2 3 4 5 6 7 8 9 1011 12 13 14 15 16 1718 19 20 21 22 23 2425 26 27 28 29 30 31

M T W T F S S 1 2 3 4 5 6 7 8 9 1011 12 13 14 15 16 1718 19 20 21 22 23 2425 26 27 28 29 30 31

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 1415 16 17 18 19 20 2122 23 24 25 26 27 2829

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 1314 15 16 17 18 19 2021 22 23 24 25 26 2728 29 30 31

M T W T F S S 1 2 3 4 5 6 7 8 9 1011 12 13 14 15 16 1718 19 20 21 22 23 2425 26 27 28 29 30

M T W T F S S30 31

M T W T F S S

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 1415 16 17 18 19 20 2122 23 24 25 26 27 28 29 30 31

M T W T F S S 1 2 3 4 5 6 7 8 9 10 1112 13 14 15 16 17 1819 20 21 22 23 24 2526 27 28 29 30

M T W T F S SM T W T F S S31

M T W T F S S 1 2 3 4 5 6 7 8 9 10 1112 13 14 15 16 17 1819 20 21 22 23 24 2526 27 28 29 30 31

JANUARY FEBRUARY MARCHJANUARY FEBRUARY MARCH

JUNE



M T W T F S S 1 2 3 4 5 6 7 8 910 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 3031

M T W T F S S30 31 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1516 17 18 19 20 21 2223 24 25 26 27 28 29

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 1213 14 15 16 17 18 1920 21 22 23 24 25 2627 28

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 2627 28 29 30 31

M T W T F S S 1 2 3 4 5 6 7 8 910 11 12 13 14 15 1617 18 19 20 21 22 2324 25 26 27 28 29 30

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 1415 16 17 18 19 20 21 22 23 24 25 26 27 2829 30 31

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 2728 29 30 31

M T W T F S S 1 2 3 4 5 6 7 8 9 1011 12 13 14 15 16 1718 19 20 21 22 23 2425 26 27 28 29 30

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 1516 17 18 19 20 21 2223 24 25 26 27 28 2930 31

M T W T F S S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 1718 19 20 21 22 23 2425 26 27 28 29 30 31

APRIL MAY



M T W T F S S

M T W T F S S

M T W T F S S M T W T F S S

M T W T F S S

M T W T F S S

M T W T F S S

M T W T F S S

M T W T F S S

M T W T F S SM T W T F S S30 31

M T W T F S S

CALENDAR 5

VISION MISSION STATEMENT6


LANGDON AND SEAH PHILIPPINES INC.

VisionTo be the leading Cost and Quantity Surveying, Environmental Sustainability and Development Management Consultant in the Philippines built environment providing the highest level of excellence in professionalism and integrity, working on modern, leading edge projects - integrating and coordinating each of our business lines.

VisionTo be the leading Cost and Quantity Surveying Consultant in the Philippines built environment, providing the highest level of excellence in professionalism and integrity, working on modern, leading edge projects integrating and coordinating our Cost and Quantity Surveying Consultancy with our other service lines of Environmental Sustainability and Development Management.

MissionProtecting the interests of our Clients, we commit to: Provide our Clients with proactive, integrated service where we are working on the project covering more than one role. Establish partnerships with major Clients, working together as an integral part of their management team. Provide our Clients with service over and above their requirements through enhanced understanding of their needs. Provide our Clients accurate and dependable services taking into account their needs and procurement options.

COST AND QUANTITY SURVEYING

Being the greatest assets of the Company, we commit to the growth and development of our Staff by: Providing training, an exciting work environment and a competitive remuneration package. Providing opportunities for career growth and professional development. Encouraging and providing time and resource to gain external accreditation and qualifications in the field of Cost Consultancy and Quantity Surveying services at the earliest time.

We commit to continuously protect the interest of our Stockholders by: Maintaining and upholding our Chartered status with the RICS. Maintaining our Quality Assurance accreditation while being committed to continual improvement. Producing marketing materials and marketing strategy to diversify and widen our client base on Cost Consultancy and Quantity Surveying services.

We commit to our responsibility to our Society, hence; We contribute to socio civic works as a conscientious organization.

ENVIRONMENTAL SUSTAINABILITYVision

To be the leading Environmental Sustainability Consultant in the Philippines built environment, providing the highest level of excellence in professionalism and integrity, working on modern, leading edge projects integrating and coordinating our Environmental Sustainability Consultancy with our other service lines of Development Management, Cost and Quantity Surveying Consultancy.

MissionProtecting the interests of our Clients, we commit to: Provide LEED, BERDE and BREAM accreditation consultancy services and expanding this to a capability in other S.E. Asian accreditation systems such as Greenmark (Singapore). Provide our Clients with a proactive, integrated service guiding them through the accreditation process and educating key parties where there is lack of past experience/familiarization with the process. Provide our Clients with service over and above their requirements by achieving the projects targeted sustainability certification, striving to go beyond the projects pursued level within a reasonable cost and time.

Being the greatest assets of the Company, we commit to the growth and development of our Staff by: Providing training, an exciting work environment and a remuneration package that exceeds the highest local benchmark competitors.

VISION MISSION STATEMENT 7



Providing opportunities for career growth and professional development. Encouraging and providing time and resource to gain external accreditation, specialization seminars and qualifications in the field of environmental sustainability consultancy services at the earliest time.

We commit to continuously protect the interest of our Stockholders by: Developing the company as the foremost energy modeling center in the region, well-versed over a range of accredited software; that clients and other LS companies in S.E. Asia might refer for modeling services. Expanding our Consultancy Services into other related fields such as carbon assessment, daylight simulation and commissioning works. Developing our Consultancy Services to increase our involvement in the existing built environment as well as new build developments. Producing marketing materials and marketing strategy to diversify and widen our Client base on Environmental Sustainability Consultancy. Maintaining our Quality Assurance accreditation while being committed to continual improvement.

We commit to our responsibility to our Society, hence; We contribute to socio civic works as a conscientious organization.

DEVELOPMENT MANAGEMENTVision

To be the leading Development Management Consultant in the Philippines built environment, providing the highest level of excellence in professionalism and integrity, working on modern, leading edge projects integrating and coordinating our Development Management Consultancy with our other service lines of Environmental Sustainability, Cost and Quantity Surveying Consultancy.

MissionProtecting the interests of our Clients, we commit to: Provide a high level Clients Representative service

incorporating strategic procurement advice, project

management, planning, risk avoidance and programming

services.

Provide our Clients with a proactive, integrated service where

we are working on the project covering more than one role.

Establish partnerships with major Clients, working together as

an integral part of their management team.

Guide our Clients through the development process and

educating key parties where there is lack of past

experience/familiarization with the process.

Provide our Clients with service over and above their

requirements through enhanced understanding of their needs.

Being the greatest assets of the Company, we commit to the

growth and development of our Staff by: Providing training, an exciting work environment and a

competitive remuneration package.

Providing opportunities for career growth and professional

development.

Encouraging and providing time and resource to gain external

accreditation and qualifications in the field of Development

Management services at the earliest time.

We commit to continuously protect the interest of our

Stockholders by: Producing marketing materials and marketing strategy to

diversify and widen our client base on Development

Management services.

Maintaining our Quality Assurance accreditation while being

committed to continual improvement.

We commit to our responsibility to our Society, hence; We contribute to socio civic works as a conscientious

organization.

VISION MISSION STATEMENT 9

QUALITY POLICY STATEMENT10

QUALITY POLICY STATEMENT0

QUALITY POLICY STATEMENT

Our policy is to be the leading Cost and Quantity Surveying, Environmental Sustainability and Development Management Consultant in the

Philippines built environment, providing the highest level of excellence in professionalism and integrity,

working on modern, leading edge projects integrating and coordinating each of our business

lines.

Each process within the Company that determines the quality of our services shall be managed and

controlled in a planned and systematic manner in accordance with our quality system documents with the highest integrity, impartiality and independency.

We see our quality system as a valuable tool and mechanism to promote, instill, further develop and

bring about opportunities for improvement to our staff and our internal processes.

Essential to an effective quality system is our belief in continuous investment in professional development

and structured training of our staff at all levels in core skills and knowledge.

All staff members are required to comply with this policy statement, be responsible for the quality of their work and for providing our clients with a consistently

high standard of service.

1CONSTRUCTION COST DATAConstruction Costs for Selected Asian Cities

M & E Costs for Selected Asian Cities

Construction Costs for Philippines

M & E Services Costs for Philippines

Construction Cost Specification

Major Rates for Selected Asian Cities

Retail Prices of Basic Construction Materialsfor Philippines

Unit Cost for Ancillary Facilities for Philippines

M & E Major Plant Costs for Philippines

Fit-out Costs for Philippines

Kitchen Equipment Costs for Philippines

CONSTRUCTION COST DATA12

CONSTRUCTION COST DATA1US

$/m C

FA

2

DO

MES

TIC

Apar

tmen

ts, hi

gh ris

e, av

erag

e stan

dard

Apar

tmen

ts, hi

gh ris

e, hig

h end

Terra

ced h

ouse

s, av

erage

stan

dard

Detac

hed h

ouse

s, hig

h end

OFF

ICE/

COM

MER

CIAL

Out-o

f-tow

n sho

pping

centr

e, av

e. sta

ndar

dRe

tail m

alls,

high e

nd

HOT

ELS

Budg

et ho

tels -

3 sta

r, mi

d mar

ket

Busin

ess h

otels

- 4/5

star

Luxu

ry ho

tels -

5 sta

r

Mediu

m/hig

h rise

offic

es,av

erag

e stan

dard

High

rise o

ffices

pres

tige q

uality

MA

NIL

A

860 -

920

1,170

- 1,2

3060

5 - 69

01,2

80 -

1,370

820 -

870

1,260

- 1,3

6573

5 - 87

0

1,180

- 1,3

751,2

70 -

1,375

1,575

- 1,6

50

3,030

- 3,5

504,0

80 -

4,730

4,140

- 4,8

605,5

10 -

6,180

3,030

- 3,5

503,7

70 -

4,600

3,050

- 3,6

20

3,870

- 4,2

104,0

80 -

4,790

4,790

- 5,5

10

HO

NG K

ONG

*

1,550

- 1,7

502,3

45 -

3,495

1.985

- 2,2

252,5

00 -

3,335

1,985

- 2,1

85#

2,185

- 2,4

25#

2,185

- 2,3

45

2,460

- 2,6

603,1

35 -

3,575

SING

APO

RE**

KUA

LALU

MPU

R

385 -

580

935 -

1,12

027

5 - 3

9091

0 - 1,

115

735 -

845

1,060

- 1,4

25

805 -

1,04

5

1,225

- 1,6

902,1

25 -

2,455

2,360

- 2,7

25

825 -

1,13

31,0

19 -

1,327

534 -

842

812 -

1,12

0

825 -

1,13

31,1

67 -

1,475

801 -

1,10

8

1,560

- 1,8

682,2

00 -

2,508

2,259

- 2,5

67

BR

UNEI

672 -

855

977

- 1,1

6048

9 - 61

182

4 - 1,

008

641 -

794

855 -

1,09

964

1 - 83

7

1,160

- 1,2

821,4

66 -

1,679

1,710

- 2,4

43

BA

NG

KOK@

CONSTRUCTION COSTS FOR SELECTEDASIAN CITIES

1,080

- 1,1

204,0

80 -

4,790

2,345

- 2,5

8065

5 - 78

51,0

56 -

1,364

840 -

901

3,135

- 3,5

75

CONSTRUCTION COST DATA 13

The

abo

ve c

ost

s are

at 4

th Q

uarte

r 201

4 lev

els, in

clusiv

e of

prel

imin

arie

s un

less

oth

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se s

tate

d.M

anila

bui

ldin

g co

sts

are

expe

cted

to in

crea

se b

y app

roxim

atel

y 0.

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er m

onth

(com

poun

ded)

durin

g 201

4.M

anila

Rat

es a

re e

xclu

sive

of c

ontin

genc

ies

& in

clude

12%

VAT

Rat

es

are

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f contin

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ies.

# In

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es ra

ised

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r and

cei

ling

to te

nant

ed a

reas

but

exc

lude

s o

ffice

car

pets

(norm

ally u

nder

tenan

t's fit

-out).

*

**

Exch

ange

Rate

Use

d : U

S$1 =

IND

USTR

IAL

single

stor

ey fr

amed

units

wieg

ht ind

ustry

OTH

ERS

Unde

rgro

und/b

asem

ent c

ar pa

rks (

Philippines Cost DLS 2015

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