Thought leadership: Deciphering construction cost drivers for Indian grade A commercial space
Benchmarking of grade A office buildings
To ensure a comprehensive comparison, the benchmarking data for grade A office building is taken from four similar sized projects.
The cost components in the cost model below can be compared with the benchmarking data to assess the project’s cost structure based on cost drivers and site-specific requirements.
Referring to the cost model, it is evident there are wide ranges in the cost per sq ft for each cost head.
Each individual project comes with its unique requirements, therefore it is critical to examine a number of projects and their costs when undertaking benchmarking exercises.
Source: Gleeds India internal database
