A Comprehensive analysis of High-Rise Construction Costs in Addis Ababa
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Date
2024-06-01
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Addis Ababa University
Abstract
There are various occasions when it is important to know the construction cost of high rise buildings and related cost drivers. Government offices estimate the costs of highrises for property tax purposes. Private companies like Insurances estimate costs for the base price, banks and lenders for collateral, project developer for budgeting or related uses. The construction of high-rise buildings in Ethiopia is an emerging sector with technological advancement within a short period of time. In regard, availability of adequate references about the cost and related cost drivers of high-rise buildings rare in Ethiopia in general and in Addis Ababa in particular. The number of high-rises used for analysis are 15 buildings selected with different criterion. Survey questionnaires are distributed to the purposively selected respondents to identify the cost-significant factors. The factual data of 11 high-rise buildings was collected to analyze the unit prices and assess the cost-significant factors of building high-rises. Semi-structured interviews were conducted to strengthen, integrate, and validate the results from the analysis of the factual data and survey questionnaires. Descriptive statistics were employed to analyze the survey data. The first five identified cost significant factors are the building’s height, function, electromechanical systems, ceiling types, and BMS. The study has also estimated the percentage of cost-significant items to the total construction cost and the range of unit prices per square meters. The first three identified cost-significant items that impacts the construction cost of highrise buildings are architectural, structural, and BMS works having the average percentage of 43%, 31%, and 12% respectively. Furthermore, the study has estimated the unit price to construct high-rise buildings which ranges between 33,000.00 ETB/m2 to 93,0000.00 ETB/m2 with a weighted average of 66,0000.00 ETB/m2.
Keywords: High-rise buildings, Cost, Cost-estimate, Construction-cost, Estimate