Location cost factors represent a regional cost increase relative to the cost of construction in the metropolitan city of each state.
Location overhead percentage by postcode is a calculation based on distance and transport routes from the nearest appropriate manufacturers distribution point to regional centres, some postcodes represent large areas and can contain discontinuous sections. In this case the percentage is calculated for the largest population centre within a postcode region.
Image 1: Accessing location cost factors in a database.
You may add the location cost factor as a percentage and add contingencies as an additional charge. Click on the dropdown menu and select the applicable charge. You may also choose to apply the additional charges as a percentage(%) of the total amount or dollar value($).
Image 2: Adding Location Cost Factor and Contingency.
Read this article to learn how to add location cost factors to your estimates