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APPENDIX 10.COST OF BUILDING FOR DUBLIN INSTITUTE OF ADVANCED STUDIES22 Bealtaine, 1975. Cléireach an Choiste, An Coiste um Chuntais Poiblí. At the proceedings of the Committee on 13th March, 1975 I undertook to furnish additional information about the additions to the contract price for the erection of a new building for the Dublin Institute of Advanced Studies at Burlington Road.
The excess occurred under four headings:
Re (i), the date of the accepted tender was April, 1969, the contract was placed in August, 1969 and the work was virtually completed in September, 1971. Some of the delay and extra costs were due to the cement strike which occurred betweenFebruary, 1970 and June, 1970. All the increases allowed were fully documented and reflect increased costs between the date of the tender and the completion of the contract. Some £9,000 of the extra under (ii) was also due to increased costs over and above what had been estimated for in September, 1968 when decisions were taken about the sums to be included for Provisional and Prime Cost items. The total increase under the Price Variation Clause was therefore £31,400 approx. or about 28% of the original contract price. Figures compiled by the Royal Institute of Chartered Surveyors show an increase of 36% in building costs from 1st January, 1969 to 1st January, 1972—these being the nearest comparable figures available— which would indicate that the increase on this particular contract was in line with the general experience in the building industry. Re (ii), as has been shown, the bulk of this extra was due to increased costs. The balance of £3,300 approx. was due to the fact that more built-in fittings and library shelving were found to be necessary than had been provided for originally. Re (iii), the variations are made up as follows:—
The final cost of the building worked out at £10.86 per square foot which was in no way excessive. I am advised that it was in fact very good value for a finished building of the standard which was necessary and provided. C. FARRELL, Oifigeach Cuntasíochta, Oifig na nOibreacha Poiblí. |
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