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Interactive Construction Cost Feasibility Study Simulator

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Construction Cost Feasibility Study Simulator (MYR) - Quantity Surveyor Tool Academic Feasibility Study Generator (MYR)

Quantitative Feasibility Study Simulator

Created By: Ir. MD Nursyazwi

An Academic Tool for Preliminary Construction Cost Estimation (MYR)

1. Instructions on How To Use

This simulator provides a first-order approximation of total project cost for property development in the Malaysian market, using industry-standard unit rates (RM/sq meter) for conceptual design stages (AACE Class 5 estimate). To generate the feasibility report, follow these steps:

  1. Input Data: Specify the required project parameters, including Gross Floor Area (GFA), project use, quality, location, and structural system.
  2. Generate Study: Click the 'Calculate & Visualize Study' button.
  3. Review Output: Examine the 'Data Output' table for the calculated Main Construction Cost (MCC), soft costs, and risk-adjusted contingency provision.
  4. Report: Click the 'Generate Report (Print View)' button to get a formatted, printable copy of the study.
  5. Analysis: Utilize the 'Graphs and Charts' and 'Science Explanations' sections for an academic understanding of the cost drivers and risk factors.

2. Data Input Parameters

3. Graphical Simulation (Preliminary Risk Status)

This bar visualizes the calculated risk factor (contingency percentage) relative to the maximum expected risk in preliminary estimation (18%).

Risk Level: 8.0%

4. Data Output (Estimated Project Cost)

Please enter the project parameters and click 'Calculate & Visualize Study' above.

5. Graphs and Charts (Cost Component Allocation)

Visualization of cost allocation showing the proportion of Main Construction Cost (MCC), Soft Costs, and Contingency relative to the Sub-Total.

6. Science Explanations (Methodology and Drivers)

Cost Modelling Methodology:

The cost model employs the m² floor area method (Area Method) which is fundamental to early-stage Quantity Surveying practice. This technique relies on established historical cost data, benchmarked against similar projects in the Malaysian context, to derive a reliable unit rate (RM/sq meter). The formula is simplified as: MCC = GFA x Base Rate x Multipliers.

Key Cost Drivers:

  • Project Type: Directly influences the complexity of MEP (Mechanical, Electrical, and Plumbing) systems, a primary cost driver. For instance, 'Special' projects like hospitals have significantly higher services costs.
  • Quality Standard: Dictates the specification of architectural finishes, resulting in exponential cost increases between 'Basic', 'Standard', and 'High-End' categories.
  • Contingency: This provision is a mathematical representation of project risk, calculated as a percentage of the estimate. It is higher for projects with greater technical complexity or logistical uncertainty (e.g., remote areas or tight urban sites).

7. References (Academic Sources)

The underlying rates and multiplier principles are based on academic research and standard industry practices published by professional bodies, including:

  • Royal Institution of Surveyors Malaysia (RISM) - Cost Data Handbook (Simulated rates).
  • Association for the Advancement of Cost Engineering (AACE International) - Recommended Practice No. 18R-97 (Cost Estimate Classification System).
  • Various published academic studies on construction cost forecasting in Southeast Asia.

8. Other Simulators and Tools

Explore these highly relevant educational and professional tools:

Location: Sandakan, Sabah, Malaysia

Comments

  1. Malaysia KetoOctober 10, 2025 at 9:27 AM

    Nak kurangkan kos? GFA yang sama, tapi bina di bandar utama (logistik mudah) berbanding kawasan terpencil, akan jimat kos ketara. Location Multiplier tu memang betul-betul killer. Guna tool ni untuk buat perbandingan skenario yang cepat. 🗺️ #ProjectLocation #LogisticsCost #ConstructionLogistics #FeasibilityTool

    ReplyDelete
  2. Lana CroftOctober 10, 2025 at 1:45 PM

    This Interactive Construction Cost Simulator is everything. It makes estimating feel like science, not guesswork! Finally, a tool that lets me accurately factor in the Complexity Multiplier based on the chosen Structural System and Quality Grade without pulling a number out of thin air. Massive time-saver for pre-tender budgeting. 💯

    ReplyDelete
  3. Tular MalaysiaOctober 13, 2025 at 11:30 AM

    The simulator aids in preliminary financial planning and understanding cost-influencing factors.

    ReplyDelete
  4. Martha StewartOctober 14, 2025 at 12:37 PM

    Location, location, location. This simulator clearly shows how building in a Rural / Remote Area hikes the Contingency (risk factor) due to logistical challenges. A must-use tool for quantifying project risk right at the conceptual phase. 🚧 #ProjectManagement #RiskAnalysis #ConstructionCost

    ReplyDelete
  5. Olivia LiamOctober 15, 2025 at 8:22 AM

    For Project Managers: Risk is quantifiable, not just a guess. The simulator visualizes the preliminary Risk Status (Contingency Percentage) driven by technical complexity and logistical challenges. Use it to justify your provision right from the conceptual stage. 🚧#

    ReplyDelete
  6. Lim Kit MalamOctober 15, 2025 at 10:28 AM

    Stop letting project costs feel like guesswork! This tool demystifies the earliest phase of property development by breaking down costs into quantifiable drivers. The biggest lesson here is that you can actively manage risk by adjusting key parameters before a single drawing is finalized. Playing with the Quality Standard and Location inputs will empower you to find the financially optimal project profile. Take control of your budget today! 🚀

    ReplyDelete
  7. menghalaunyamukOctober 21, 2025 at 2:14 AM

    Nak tahu kenapa kos projek asyik lari bajet? Sebab tak test Risk Level awal-awal! Simulator ni tunjuk live yang projek di kawasan Luar Bandar tu perlukan Contingency tinggi sebab logistik susah. Jangan main redah je! 🚧 #KosPembinaan #FeasibilityStudy

    ReplyDelete
  8. Charlotte OwenOctober 23, 2025 at 3:54 PM

    Risk is quantifiable! The simulator calculates Contingency as a mathematical percentage provision, not a random buffer, based on the uncertainty inherent in the selected Structural System and Logistics Challenge. Essential for a defensible estimate. 💻🚧 #CostEngineering #RiskAnalysis

    ReplyDelete
  9. Daphne LeeOctober 24, 2025 at 12:08 PM

    Need to cut costs? This simulator shows that the Location Multiplier and Quality Standard are the biggest levers. Try comparing the cost of a 'High-End' project in a 'Rural Area' versus a 'Standard' project in an 'Urban Center'—the difference is massive! Make smarter pre-tender decisions. 💡 #ConstructionLogistics #BudgetControl

    ReplyDelete
  10. MY LazadaOctober 28, 2025 at 3:58 PM

    If you're not checking your cost drivers, you're just guessing! Every #QuantitySurveying professional knows your GFA multiplied by the correct rates is the key to a successful #FeasibilityStudy. 📐

    ReplyDelete
  11. Mekap ArtisOctober 31, 2025 at 12:39 AM

    Tak nak projek lari bajet? Kena guna simulator Feasibility Study ni! Ia tunjuk live yang faktor Location dan Quality Standard boleh naikkan kos berlipat ganda. Sangat sesuai untuk development di pasaran Malaysia. Terbaik! 👍

    ReplyDelete

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