Facility Manager Seeks Costs PSF For Renovations

A global facility manager is looking for assistance with the detailed costs per square foot for renovations in existing office spaces in the U.S. and Latin America.


https://facilityexecutive.com/2014/05/per-square-foot-renovation-costs/
A global facility manager is looking for assistance with the detailed costs per square foot for renovations in existing office spaces in the U.S. and Latin America.
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Tricks Of The Trade: Per Square Foot Costs For Renovations

Facility Manager Seeks Costs PSF For Renovations

By B. Kevin Folsom, CEP
Published in the April 2014 issue of Today’s Facility Manager

QI am looking for a formula to use as a general guideline for the renovation of an existing office (general Class A space). I have been tasked with putting together a budget for our locations in the U.S. and Latin America.

Is there a formula that can be used to determine the per square foot cost—and hopefully one broken down by category (e.g., carpet, paint, furniture, lighting, HVAC). I realize this is a very broad subject but am looking for a starting point.

David Hulick
Americas Facility Manager
Global Business Operations
Comverse

Folsom
All questions to Folsom have been submitted via the “Ask The Expert” link.

A Ultimately, due to this task covering many geographical areas, domestic and international, you would have to refer to something like RS Means or Whitestone.

Another possible resource would be IFMA; you can find out if they have general industry metrics that you can use. Also, ask a general contractor for a schedule of values on a recent construction project. These have the breakdowns you are looking for.

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