Megan 5 + 6

The average unit cost for Single-Family Residential with unfinished basement in Calgary in 2018 ¿ Maximumunit cost + Minimumunit cost 2 = 115 + 150 2 = $ 132.5/ sqft Therefore, total cost of the said residential building = $132.5 sqft. X 6000 sqft. = $795,000. Time adjustment factor = 6. Elemental Cost Estimate For elemental cost estimation, we used the sample project of Calgary in 2019 that mentioned in the second approach for conceptual cost estimate. By using the ratio to gross floor area (GFA), we were able to calculate the cost of each element and used it in our project to estimate the total cost. We also applied time adjustment factor to estimate the cost in 2023 instead of 2019. Methodology: For the following analysis, the characteristics mentioned above were introduced into RS Means Software online, which provided a total cost of the building as well as the distribution of costs within each element of the enclosure. For each element, a list of assemblies was given (Sub-elements). It is important to mention that due to the fact that this project was a multifamily building, some of the assemblies were not compatible with a regular residential project (single- family). In consequence, sub-elements such as elevators, were deleted while some of them were adjusted, for example: Excavate and fill, 10,000 SF, 8' deep, sand, gravel, or common earth, on site storage was changed to Excavate and fill, 1,000 SF, 4' deep, sand, gravel, or common earth, on site storage. As a result, this estimation was close in characteristics to a single-family house and similar to the project for which the elemental estimation is intended. Finally, all the costs were updated to 2023 in Montreal through: 𝐶𝑜𝑠? 2023 𝑖? 𝑀𝑜??𝑟𝑒𝑎? = 𝐶𝑜𝑠? 2018 𝑖? 𝑉𝑎?𝑐𝑜𝑢𝑣𝑒𝑟 ∗ 𝐼?𝑑𝑒? 𝑜? 𝑀𝑜??𝑟𝑒𝑎? 2023 𝐼?𝑑𝑒? 𝑜? 𝑉𝑎?𝑐𝑜𝑢𝑣𝑒𝑟 2023 ∗ 𝐼?𝑑𝑒? 𝑜? 2023 𝐼?𝑑𝑒? 𝑜? 2018 With the objective of obtaining the impact ratio of each major element, the elemental amount was calculated as described in the table below, where: GFA = Gross floor area (for this scenario 7,000 sqft). BC = Building cost (in this case $1,266,356.22 as shown in Table**). The following chart shows the elemental amount for Vancouver 2012, result of the process mentioned above.