IABO Code Talk

 

Building Valuations and Permit Fees

03/19/2010

8 Comments

 
Given a new school building, 130,568sqft, type II-B construction.  Architect estimate of $17.5 million.  Construction bid of $14,406,101 which includes $4,213,619 for mechanical and plumbing work and $1,845,219 for electrical and data.
Question:
1.  What valuation would you put on the project for building permit purposes?
2.  Would the valuation for the building permit include Pl, Mech, and Elec. work?
3.  What would be the cost of the building permit for this project?
4.  If you include the P,M,E work in the building permit valuation, do you require separate permits/fees for Plumbing, Mechanical and Electrical?
 


Comments

Rich Russell
03/19/2010 11:53

1. $10.2 million
2. No
3. $37,128 ($2519.20 for the 1st $500K plus $35.70 for each additional $10K)
4. We would require separate permits for these trades. These fees are based on fixtures/units for plumbing and HVAC and square footage for electrical.

Reply
Ron
03/19/2010 11:58

Rich, How did you arive at the $10.2?
Would there be additional plan review fees?

Reply
Scott
03/19/2010 12:19

1. $14,406,101
2. No
3. $0.00 (fee waived for schools)
4. Seperate permits with same fee as #3

Reply
Adam
03/19/2010 14:03

1. $14,406,101 (cost of construction)
2. Yes - we use the total cost for construction, not an estimate
3. Deposit Fee - $9,148.44(25% of permit fee, collected to insure inspections are scheduled, they will recieve all of deposit back if all inspections are scheduled) Permit Fee - $36,493.75.
4. No - this includes all the permit fees needed.

Reply
Lyn
03/22/2010 07:24

We would use what it would take to rplace the building in kind. So no cost of the lot or landscape.

Reply
Rich Russell
03/22/2010 08:25

I took the bid minus the plumbing and HVAC. I see I would need to subtract electrical also. Change to $8.4 for answer to #1.

Permit fee would be reduced to about $32K.

Reply
David
04/06/2010 09:00

I use the sq.ft. times the valuation using the table (approved by council) for constructin type and occuapncy catigory.
Contract amount is not the same as valuation.

Reply
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