Construction Feasibility & Pro-Forma Modeling Engine
Model total development cost for 28 commercial, industrial, residential and institutional asset classes across 29 metro markets, as new construction, addition, renovation, heritage restoration or demolition. Costs are built up by building element, indexed by city, drawn along an S-curve with interest carry, and reported as a P10 to P90 range.
Built by the estimating team at HKC Construction, a COR-certified general contractor in Mississauga, Ontario. When you are ready for a bid-ready number, call (905) 565-1220 or email info@hkcconstruction.com.
Class 5 uses class defaults for geometry, systems and financing. Switch to Class 3 to set every driver.
Massing preview
Confidence corridor
Cost composition
Outer ring: hard cost by building element. Inner ring: total development cost stack.
Pro-forma stack
Hard cost through financing, in the reporting currency.
Basis, assumptions and exclusions
Indicative model. This tool produces a Class 5 or Class 3 feasibility range from benchmark unit rates and published index relationships. It is not a bid, quotation or commitment by HKC Construction. For an accurate price on your project, contact HKC Construction at (905) 565-1220 or info@hkcconstruction.com.
Hard cost by building element
Uniformat II elements with labour, material and equipment shares after city indexing. Each input changes only the elements it physically affects.
Trade packages (MasterFormat divisions)
Element costs mapped to CSI/CSC MasterFormat divisions the way subtrades bid them. This is the schedule exported to CSV.
S-curve draw schedule
Monthly draw table
Hard and soft draws, retainage held and released, equity and debt funding, capitalized interest.
Three-point PERT range
Sensitivity tornado
Change in P50 total development cost when each driver moves on its own. Bars are ranked by total swing.
Value engineering options
Each option is a full re-run of the model with one input changed. Savings are shown against the current P50.
Contingency allocation
How the contingency pool is notionally allocated across risk categories at this estimate class.
Upfront embodied carbon by element
Indicative A1 to A5 emissions from benchmark intensities. Biogenic storage in mass timber is shown as a separate credit.
Framing system comparison
P50 cost and structural carbon if the same building were framed each way.
Rooftop solar potential
Usable roof share depends on storeys and mechanical density; yields and tariffs follow the selected metro.
Scenario A vs Scenario B
Freeze the current configuration as Scenario A, then change inputs. Scenario B is always the live model.
Turn this range into a bid-ready number
This engine works from benchmark rates and index relationships. HKC Construction's estimators price your project from drawings, site conditions and live subtrade quotes across the GTA and Ontario, and can take it from feasibility through design-build delivery.
What is the average cost per square foot for industrial cold storage?
Cold storage and refrigerated distribution buildings typically carry hard construction costs of US$250 to US$350 per square foot at national-average pricing, two to three times a dry warehouse, because of insulated floor slabs with under-slab heating, thermal envelope panels, low-temperature refrigeration plants and ESFR protection. Regional labour indices and freezer share move the figure further.
How do City Cost Indexes affect construction budgets?
A City Cost Index scales a national-average estimate to a specific metro by applying separate labour, material and equipment factors. Because labour indices range from roughly 55 in low-wage markets to 175 in Manhattan, an identical building can cost 30 to 60 percent more in a high-cost coastal city than in the Sun Belt.
What is the difference between Class 5 and Class 3 construction estimates?
Under AACE 18R-97, a Class 5 estimate is a concept screening figure prepared with almost no design definition and an accuracy band of roughly minus 30 to plus 50 percent. A Class 3 estimate reflects 10 to 40 percent design definition, supports budget authorization and narrows accuracy to about minus 15 to plus 25 percent.
Construction estimating questions, answered
How the model treats elemental costing, geotechnical risk, financing, procurement and carbon.
What is the difference between Uniformat II and MasterFormat, and why does this estimator use both?
Uniformat II (ASTM E1557) organizes a building by functional elements (Substructure, Shell, Interiors, Services, Site), which is how designers and owners make decisions before drawings exist. MasterFormat (CSI/CSC) organizes work by trade result and is how subcontractors bid and how invoices are coded. Early feasibility is best modelled elementally, then cross-walked to MasterFormat divisions for procurement, so the engine allocates costs in Uniformat II and exports a MasterFormat CSV.
How does clear height change steel framing weight and facade area?
Raising clear height increases column length, unbraced lengths and lateral demand, so members get heavier; a move from 32 ft to 40 ft clear typically adds 10 to 18 percent to the superstructure element. Facade area grows almost linearly with height, so every extra foot of clear height adds perimeter times one foot of cladding, insulation and air barrier. The engine scales the B10 element by a power of the height ratio and recalculates facade area from perimeter and total height.
What does a high water table add for shoring and dewatering?
When groundwater sits within six feet of the slab, excavations need continuous dewatering (well points or deep wells), watertight shoring such as secant piles or sheet piles, and blindside waterproofing or bentonite tanking under slabs and against walls. The engine applies a substructure premium of roughly 35 percent plus a dewatering allowance per square foot of footprint, and extends duration, because pumping, monitoring and discharge permits stay on the critical path.
How is construction loan interest carry calculated across the S-curve?
The engine draws monthly costs along a Beta cumulative distribution, funds draws with equity until the equity requirement is met, then advances debt up to the loan-to-cost limit. Each month it charges interest on the outstanding balance at APR divided by twelve and capitalizes it into the balance. Total interest carry is the sum of these monthly charges; because most spending lands in the middle of the schedule, the outstanding balance peaks near completion, so longer durations raise carry faster than cost alone.
What is the difference between cold dark shell, warm vanilla box and turnkey fit-out?
A cold dark shell delivers structure, envelope, roof and site with utilities stubbed to the building but no HVAC distribution, lighting, ceilings or finished floors. A warm vanilla box adds base HVAC, lighting, restrooms, fire protection distribution and primed drywall, ready for a tenant to finish. Turnkey completes all interiors to an agreed standard. In elemental terms, shell mostly reduces Interiors and Services, which is why the engine scales the C and D elements separately.
Mass timber versus structural steel: what are the cost and carbon trade-offs?
Cross-laminated timber structures typically price 5 to 15 percent above steel or concrete on the frame element, partly offset by faster erection, lighter foundations and exposed finishes that replace ceilings. Embodied carbon in the structure can fall by half or more, and biogenic storage in the wood can be credited depending on the accounting standard. Constraints include building height limits under the code, fire engineering, moisture management and supplier lead times.
When are ESFR sprinklers required instead of a standard wet pipe system?
Early Suppression Fast Response sprinklers are designed to suppress high-pile storage fires from the ceiling without in-rack sprinklers, which matters for warehouses storing above 12 feet or with rack storage of plastics and mixed commodities. They need larger heads, higher pressures, often a fire pump and a stronger water supply, so the fire protection element usually costs 15 to 25 percent more than a wet pipe system, but they avoid in-rack piping that constrains racking changes.
How do City Cost Indices work and why do labour indices vary so much?
A City Cost Index compares the cost of a fixed basket of construction labour, materials and equipment in a metro area with a national average of 100. Material indices move within a fairly narrow band because commodities trade regionally, while labour indices can range from roughly 55 to 175 because wage rates, union density, prevailing wage rules and productivity differ. The engine applies material, labour and equipment indices separately to each Uniformat element based on its labour and material split.
What is the difference between a Class 5 and a Class 3 estimate?
Under AACE International Recommended Practice 18R-97, a Class 5 estimate is prepared at 0 to 2 percent design definition for screening and concept, with expected accuracy of roughly minus 20 to 50 percent low and plus 30 to 100 percent high. A Class 3 estimate reflects 10 to 40 percent definition and supports budget authorization, with accuracy near minus 10 to 20 percent and plus 10 to 30 percent. Class 3 mode exposes geometry, geotechnical, systems and financing inputs so the model can tighten its range.
What do P10, P50 and P90 mean, and which one should a lender use?
P10, P50 and P90 are cost values that the model expects to be exceeded 90, 50 and 10 percent of the time. P50 is the balanced budget for planning; P10 represents an aggressive buyout that assumes favourable market conditions; P90 is a conservative figure that includes most identified risk. Lenders and institutional owners usually size contingency and interest reserves between P80 and P90, while developers often underwrite returns at P50 and stress test at P90.
How do holdback and prompt payment rules in Ontario affect cash flow?
Ontario's Construction Act requires a 10 percent statutory holdback on each progress payment, released after the lien period expires, and sets prompt payment timelines of 28 days from a proper invoice to the contractor, then 7 days downstream to subcontractors and a further 7 days to sub-subcontractors. The engine models retainage as a monthly deduction from hard cost draws that is released after substantial performance, which shifts a meaningful block of cash to the end of the schedule.
How does a groundbreak delay change the total development cost?
Costs escalate from today to the midpoint of construction, so delaying the start pushes the whole cost base forward through additional months of inflation. The engine compounds the annual construction inflation rate over the delay plus half the construction duration and applies it to contract and soft costs before contingency. A 12-month delay at 4 percent inflation adds about 4 percent to the estimate, and interest carry then grows further because the larger base is drawn along the S-curve.
How is embodied carbon estimated from the inputs?
The engine applies benchmark emission intensities per square foot to each element: superstructure by framing system, substructure by foundation intensity, envelope by cladding and glazing area, interiors by fit-out scope, and building services by electrical density and standby generation. Concrete mixes with 30 or 50 percent slag replacement reduce cement-related emissions, and mass timber can carry a biogenic storage credit. Results are indicative upfront (A1 to A5) carbon, not a full whole-life assessment.
Are municipal development charges and HST included in the estimate?
Development charges, impact fees and permit costs are modelled as a percentage of contract value that changes with the selected city; in the GTA they are among the highest in North America. Sales tax and HST are calculated on the material share of the contract and shown separately. Where a tax is recoverable by registered businesses, such as HST in Ontario, the default excludes it from total development cost, but a toggle lets you include it for non-registrant owners.
Methodology. Base unit rates are national-average hard costs by asset class, allocated across ASTM Uniformat II building elements and adjusted by labour, material and equipment city cost indices. Geometry, geotechnical, envelope, systems and hazard inputs modify only the elements they affect. Soft costs, tax, escalation to construction midpoint, contingency and financing are stacked to total development cost; the range applies a PERT three-point distribution at the selected AACE class. Cash flow follows a Beta cumulative distribution with retainage and capitalized interest. Carbon uses benchmark A1 to A5 intensities. All figures are indicative and should be validated against current market pricing.
