Stevens #20 Point Shares Rd, Bermuda
January 2025
REFERENCE PROJECT BASELINE
- Recent comparable project: 435m² (4,682 sq ft) two-story residence
- Baseline completion time: 20-25 hours for as-is condition modelling
- Complexity and documentation quality: Similar to the current project
CURRENT PROJECT BREAKDOWN
1. Main House (14,400 sq ft total)
- Three floors, approximately 4,800 sq ft each
- Initial documentation alignment completed (14 hours)
- Remaining work estimate: 61 hours
- Cost at standard rate (£31/hr): £1,891
2. Garden Area (4,400 sq ft)
- Sloped terrain with additional modelling complexity (+20%)
- Estimated time: 18 hours
- Cost at standard rate: £558
3. Swimming Pool (750 sq ft)
- Standard complexity level
- Estimated time: 4 hours
- Cost at standard rate: £124
4. Optional Scope Elements:
a. Additional Building (780 sq ft)
- Single story with similar roof structure
- Estimated time: 12 hours
- Cost at standard rate: £372
b. Surrounding Territory (1,000 sq ft)
- Medium complexity terrain (+10%)
- Estimated time: 6 hours
- Cost at standard rate: £186
TOTAL ESTIMATES
- Core scope (Main house + Garden + Pool): 83 hours | £2,573
- Full scope including optional elements: 101 hours | £3,131
TIMELINE CONSIDERATIONS
- Available weekly capacity: 16 hours
- Core scope completion: 5-6 weeks
- Full scope completion: 6-7 weeks
FIXED PRICE PROPOSAL
Given the complexity of tracking time for various modelling tasks and potential adjustments during the process, I recommend switching to a fixed-price model:
- Core scope: £2,800
- Full scope: £3,500
This fixed-price approach includes:
- All necessary client consultations
- Resolution of documentation mismatches
- Regular progress updates
- Two rounds of revisions
- Final file delivery in agreed formats
The fixed price model provides several advantages:
- Clear budget planning for the client
- No unexpected cost increases
- Simplified billing process
- Focus on quality rather than time tracking
Please note: Major scope changes or additional design work beyond the as-is condition modeling would require separate discussion and pricing.
Would you like to proceed with the fixed price model for this project?