My summer internship at SBRA was spent on a special research project: to analyze SBRA projects' actual expenses to determine factors that effect professional costs on a project. The goal was to identify criteria of a project that would inform them how to establish fees that would then result in a profit for the project.
The factors that were considered were:
Building Type
Percentage of New / Percentage of Renovation
Program Area
Actual Area
Expected Construction Cost
Actual Construction Cost
and many others.
These factors were plotted against:
Budgeted Hours per phase ( Schematic Design, Design Development, Construction Documents, Bid, and Construction Administration)
Budgeted Total hours
Actual Hours per phase
Actual Total hours
Budget cost per phase
Actual Cost per phase
and many others.
The sample below is fictitious data, but represents a possible result from the correlations that were made.