Valuation of construction work on architectural heritage and its influence on project implementation decision

Abstract

The article deals with the description of the methodology for determining the prices of construction work used most often in the reconstruction of historic buildings. The procedure is based on parametric estimating of buildings and on traditional tools and principles of pricing. The historic building is divided into structural parts and technological units. Structural elements are individually valued at the unit price, which was created on the basis of sub-budget. Very strict rules are set for the financing of cultural monuments and the method of valuation is based on the price systems’ methodology. The research also included an analysis of market prices and a subsequent comparison with indicative prices. Proper estimate of historic buildings’ reconstruction cost is also an important input for the decision-making process regarding the actual implementation of the project, its method of execution and its life cycle cost determination.

Evaluation of Price Fluctuation of Determining Materials for Total Construction Cost

“…The total construction costs are a sum of an assessed list of works (Brožová et al, 2022). Each item on the list of works is valuated by quantity and price per unit.…”