Delivered August 27, 2020. Contributor: Toyoabasi E.
To determine the amount saved per dollar invested during the design/pre-construction stage of a construction project.
ROI for Design/Pre-Construction Investment
According to a study conducted by the University of Florida on the effect of pre-construction planning on cost and sustainability, the average saving cost of pre-construction planning is largely dependent on the investment in the implementation of pre-construction plans.
Based on the above claim, that pre-construction cost represents between 1-3% of the total cost of a given project, replacing (X) in the above equation (Y = 0.0483(X) + 7.1891) with 1% and 3% (in order to determine the saving cost range for a construction project);