Schedule of values
What it costs to build here
Published planning ranges by building type and by division, with the basis stated and the soft costs listed separately — because leaving those out is how a budget ends up wrong by a third.
Reviewed October 2026 · planning ranges, not a bid
00How to read it
A per-square-foot figure is the right tool for deciding whether to build and the wrong tool for deciding what to sign. It is worth two minutes on why.
The cost of a building is not spread evenly across its area. The service entry, the fire riser, the entrance, the restrooms and the site connection cost about the same whether the building is six thousand square feet or thirty thousand. Divide them by a smaller area and the rate looks worse, which is arithmetic rather than inefficiency. The practical effect is that small buildings always price high per foot and large simple ones always price low, and a reader who does not know that will draw the wrong conclusion from a table.
Use these figures to answer the question you actually have at this stage: is this a two-million-dollar project or a six-million-dollar one? That is the question a board needs answered before it will release money for design. Do not use them to build a number you intend to hold somebody to.
Then read the soft-cost table further down before you do either. Construction is roughly two-thirds to four-fifths of what you will actually spend. The rest is design, reports, permit and tap fees, testing, equipment and your own contingency — and the tap fees in particular catch out more owners in this region than any other single line.
Before the architect and before us. Parts of this region sit on expansive clay, and the difference between a conventional slab and an engineered foundation system is measured in hundreds of thousands of dollars. Until that report exists, every number on this page carries an uncertainty larger than the range printed next to it.
What moves a number to the top
- The soils. An engineered foundation on expansive clay is a different building from a slab on grade.
- The site. A long utility run, an unbalanced cut and fill, or a detention requirement — all large, all invisible from the building.
- The finish standard. The gap between a functional interior and a brand-standard one is a multiple, not a percentage.
- The schedule. Compressing one costs money in overtime and in sequence, and it is a choice worth pricing rather than assuming.
Give us all four and a range collapses to something you can plan on, usually on the first call.
Working on a number this week?
Tell us the use, the area and the site and we will narrow it on the call.
Call (719) 570-1456Mon–Fri 7:30 AM–4:30 PM MT
01The schedule
Construction cost, by division
Construction only. Design, reports, permit and tap fees, testing, equipment and contingency are separate and are in the next table.
Division 01 Design-Build
| Div | Item | Unit | Range |
|---|---|---|---|
| 01.10 | Programming and feasibilityUse, site test fit, order-of-magnitude budget | LS | $6,500–$28,000 |
| 01.20 | Schematic designPlans, elevations, outline specification, refined budget | LS | $18,000–$85,000 |
| 01.30 | Design development and permit setCoordinated set through to submission | LS | $45,000–$240,000 |
| 01.40 | Structural engineeringEngaged consultant, stamped | LS | $12,000–$70,000 |
| 01.50 | MEP engineeringMechanical, electrical, plumbing design | LS | $15,000–$90,000 |
| 01.60 | Civil engineering and site designGrading, drainage, utilities, entitlement support | LS | $14,000–$95,000 |
| 01.70 | Design fee, as a share of constructionWhere design and construction are one contract | PCT | 5%–9% |
| 01.90 | ConstructionSee the building-type ranges on the budgets page | LS | by scope |
Design-Build in detail — with what has to be established before anybody can price it.
Division 02 New Commercial Buildings
| Div | Building type | Unit | Range |
|---|---|---|---|
| 02.10 | Light industrial / warehouse shellPre-engineered metal, dock-high, minimal office | SF | $145–$245 |
| 02.15 | Light industrial, finished office portionThe office within the warehouse, separately | SF | $220–$380 |
| 02.20 | Retail shellReady for a tenant to fit out | SF | $180–$295 |
| 02.25 | Retail, complete to occupancyIncluding a standard fit-out | SF | $290–$470 |
| 02.30 | Automotive service facilityBays, lifts, drainage, compressed air | SF | $260–$420 |
| 02.35 | Dealership showroomTo a manufacturer image programme | SF | $380–$640 |
| 02.40 | Aviation hangarClear span, hangar door, limited heat | SF | $190–$340 |
| 02.45 | Hangar door assemblySupplied and installed, per door | EA | $95,000–$480,000 |
| 02.50 | Office or clinic, completeFinished to occupancy, mid specification | SF | $330–$520 |
| 02.60 | Site work, parking and landscapePer square foot of site area, self-performed | SF | $14–$42 |
| 02.90 | Foundation on expansive soilsEngineered system per the geotechnical report | LS | site visit |
New Commercial Buildings in detail — with what has to be established before anybody can price it.
Division 03 Tenant Improvements
| Div | Item | Unit | Range |
|---|---|---|---|
| 03.10 | Office fit-out, open plan, basicShell to occupancy, standard finishes | SF | $95–$165 |
| 03.15 | Office fit-out, mid specificationPrivate offices, conference, break room | SF | $150–$260 |
| 03.20 | Clinical or medical fit-outExam rooms, plumbing, specialist power and gases | SF | $240–$480 |
| 03.25 | Retail fit-outTo a brand standard, excluding tenant fixtures | SF | $130–$280 |
| 03.30 | Restaurant fit-outExcluding kitchen equipment; hood and grease are the drivers | SF | $280–$620 |
| 03.40 | Demolition, second-generation spaceStrip out, including ceiling and MEP | SF | $8–$24 |
| 03.50 | Mechanical, added or reconfiguredRooftop unit, distribution, controls | EA | $18,000–$95,000 |
| 03.60 | Electrical service or panel upgradeWhere the existing service is insufficient | LS | $22,000–$140,000 |
| 03.70 | Sprinkler modificationHead relocation and branch work to suit the layout | SF | $4–$14 |
| 03.90 | Unpermitted existing work, legalisedDiscovered above the ceiling | LS | site visit |
Tenant Improvements in detail — with what has to be established before anybody can price it.
Division 04 Additions & Renovations
| Div | Item | Unit | Range |
|---|---|---|---|
| 04.10 | Addition, light industrialMatching an existing building, tied in | SF | $175–$300 |
| 04.15 | Addition, office or clinicalFinished to occupancy, tied into existing systems | SF | $360–$570 |
| 04.20 | Renovation, occupied, lightFinishes, lighting, layout, no structural work | SF | $85–$190 |
| 04.25 | Renovation, occupied, substantialIncluding mechanical, electrical and structure | SF | $200–$420 |
| 04.30 | Facade or envelope replacementIncluding any required structural backup | SF | $60–$170 |
| 04.40 | Roof replacement, commercialTear-off, deck repair, membrane, flashing | SQ | $1,100–$2,800 |
| 04.50 | Structural tie-in to existingPer connection, engineered | EA | $9,000–$52,000 |
| 04.60 | Temporary conditions and protectionPartitions, temporary power, dust and noise control | LS | $18,000–$120,000 |
| 04.70 | Out-of-hours premiumWhere the business cannot be disturbed in the day | PCT | 15%–35% |
| 04.90 | Undisclosed existing conditionsPriced when opened, carried as an allowance until then | LS | site visit |
Additions & Renovations in detail — with what has to be established before anybody can price it.
Division 05 Site Work & Utilities
| Div | Item | Unit | Range |
|---|---|---|---|
| 05.10 | Mass excavation and gradingCut, fill, moisture conditioning, compaction | CY | $9–$26 |
| 05.15 | Import or export of materialIncluding haul, with our own trucking | CY | $14–$38 |
| 05.20 | Structural fill, placed and testedImported, in lifts, density tested | CY | $32–$68 |
| 05.25 | Over-excavation for expansive soilsPer the geotechnical report | CY | $18–$44 |
| 05.30 | Water service to the buildingTap, line, valves, meter pit | LF | $95–$260 |
| 05.35 | Sanitary sewer serviceLine, manholes, connection to main | LF | $110–$290 |
| 05.40 | Storm drainagePipe, inlets, outfall, erosion protection | LF | $130–$340 |
| 05.45 | Detention pond or underground detentionPer the drainage report | LS | $42,000–$380,000 |
| 05.50 | Asphalt paving, commercialSubgrade, base, asphalt, striping | SY | $38–$82 |
| 05.55 | Concrete paving, heavy dutyDock aprons, drive lanes, truck courts | SY | $78–$165 |
| 05.60 | Curb, gutter and flatworkIncluding accessible routes | LF | $34–$78 |
| 05.70 | Erosion and sediment controlInstalled, maintained through the project, removed | LS | $9,000–$64,000 |
| 05.90 | Rock excavationWhere encountered and classified as rock | CY | $48–$160 |
Site Work & Utilities in detail — with what has to be established before anybody can price it.
Units are SF square foot of gross building area unless stated, LF linear foot, CY cubic yard, SY square yard, SQ roofing square (100 SF), EA each, LS lump sum, PCT a percentage of construction cost.
Figures are USD planning ranges for commercial construction in the Pikes Peak region. They exclude land, design fees where separately engaged, permit and tap fees, furnishings, equipment and any applicable tax, and they assume normal site conditions, normal soils and a buildable season. They are published so an owner can size a project before there is a drawing to price. They are planning ranges, not a bid. Division references are for this document only and do not correspond to CSI MasterFormat divisions. Reviewed October 2026. A price for your project comes from a proposal against a defined scope. See the disclaimer.
02Not construction
The other third of your budget
None of this is in a builder’s number. It is published here because you will pay it whether or not anybody told you about it, and because the tap fees in particular surprise almost everyone in this region.
| Item | Typical range | Note |
|---|---|---|
| Design and engineering | 6%–12% of construction | Architecture, structural, MEP and civil. Lower where design and construction are one contract, because the coordination is not duplicated. |
| Geotechnical report | $7,000–$26,000 | Required on essentially everything here. The cheapest large piece of information available to an owner, and the most often skipped. |
| Survey, ALTA and topographic | $5,000–$22,000 | Boundary, topography and existing conditions. |
| Building permit and plan review | $9,000–$120,000+ | Scales with valuation. Confirm with the building department early; it is rarely what people guess. |
| Utility tap and connection fees | $15,000–$400,000+ | Water and sewer taps in particular. On some sites this is one of the single largest line items and it surprises almost everyone. |
| Traffic or drainage studies | $6,000–$45,000 | Where the jurisdiction requires them as a condition of approval. |
| Testing and special inspection | 0.5%–1.5% of construction | Independent, and required on most structural work. Normally retained by the owner, which is the right arrangement. |
| Furniture, fixtures and equipment | Your own number | Not construction, and routinely 10–25% of the construction cost on an office or clinical building. |
| Owner contingency | 5%–10% of construction | Yours, not ours, and separate from anything in our number. An owner without one has no way to say yes to their own good idea. |
As a planning rule, add 20 to 40 per cent on top of the construction number, and more on a site with heavy tap fees or a difficult approval path. Confirm the permit and tap fees with the jurisdiction early rather than estimating them — they are published, they are knowable, and they are rarely what people guess.
03Worked through
A 12,000 square foot light industrial building, all in
Built from the tables above, with nothing added and nothing hidden. This is the arithmetic we would rather you could do before the first meeting than after the bids come in.
| Div | Line | Lower | Higher |
|---|---|---|---|
| 02.10 | Warehouse shell, 10,000 SFat $145–$245 / SF | $1,450,000 | $2,450,000 |
| 02.15 | Finished office, 2,000 SFat $220–$380 / SF | $440,000 | $760,000 |
| 02.60 | Site work, parking and landscape50,000 SF of site at $14–$42 / SF | $700,000 | $2,100,000 |
| 05.30 | Utility services to the building300 LF combined | $92,000 | $267,000 |
| — | Construction subtotalThe builder’s number | $2,682,000 | $5,577,000 |
| SC | Soft costsat 20% and 40% | $536,400 | $2,230,800 |
| LD | LandYour own number, not ours | excluded | excluded |
| — | Order of magnitudeBefore land | $3,218,400 | $7,807,800 |
A spread of nearly two and a half to one on the same building. Neither column is padded and neither is a bid — both are arithmetic done on the published tables. Note where the spread actually comes from: the site work range is wider than the building’s, which is exactly why the geotechnical report and a real look at the site collapse the number faster than anything else.
04Questions
Questions about the money
Schedule of values, pay applications, retainage, change orders and lien waivers are in the payment and cancellation policy.
Why publish budget ranges at all?
Because the decision an owner actually has to make — whether to build at all — happens months before there is a drawing to price. At that moment the industry’s standard answer is “call us for a quote”, and there is nothing to quote against. A board does not approve “we will find out”. Publishing ranges with a stated basis costs us nothing we were not going to say in the first meeting, and it means the people who telephone are the people whose project is real.
How wide are these ranges, really?
Wide, deliberately, and the width is information. A warehouse shell between $145 and $245 a square foot is the honest spread between a simple pre-engineered building on a flat, balanced site with services at the property line, and the same building on expansive clay with a long utility run, a detention requirement and a higher finish standard. A narrower published number would be less true rather than more useful.
Why does a smaller building cost more per square foot?
Because much of a building does not scale with floor area. One service entry, one fire riser, one entrance, one set of restrooms, one site connection — those cost roughly the same at 6,000 square feet as at 30,000. Divide them by a smaller area and the rate looks worse. It is arithmetic rather than inefficiency, and it is the single commonest way a per-foot figure misleads somebody.
What is actually excluded?
Land, design fees where separately engaged, permit and plan review fees, utility tap fees, testing and special inspection, furniture and equipment, owner contingency and tax. Together those routinely add 20 to 40 per cent on top of the construction number, and on a site with heavy tap fees considerably more. There is a table of all of them below, because leaving them out is how a budget is wrong by a third before anybody has done anything wrong.
What moves a number to the top of its range?
Four things, roughly in order. The soils, because an engineered foundation on expansive clay is a different building from a slab on grade. The site, because a long utility run, an unbalanced cut and fill, or a detention requirement are large and invisible from the building. The finish standard, because the gap between a functional interior and a brand-standard one is a multiple. And the schedule, because compressing one costs money in overtime and in sequence.
Are these your bid prices?
No, and the distinction matters. These are planning ranges for this class of work in this market, published so an owner can size a project before spending money on design. A bid or a guaranteed maximum price is a commitment against a defined scope, a set of drawings and a specification. If you need a commitment, you need one of those, and they come from documents rather than from a table.
How is a design-build number developed if there is no drawing to bid?
In stages, and you see each one. A programming-stage order of magnitude from these published ranges. A schematic-stage budget with real quantities and real system selections. A design-development estimate with subcontractor pricing on the major trades. Then a guaranteed maximum price. At each stage we tell you whether the number is holding, and if it is not, you find out while there is still time to change something.
What happens if the budget does not work?
We tell you early, which is the only genuinely useful thing a builder can do about it. The options are always the same four — reduce the area, reduce the finish standard, phase the project, or find more money — and the time to choose between them is at schematic design, not at permit. A firm that lets a project reach a finished set before mentioning that the budget never worked has cost its client a year.
Narrow the range on a phone call
The use, the approximate area, the site if you have one, and the date you need to be in it. With those four we can usually tell you which end of each range you are at, what would push it past the top, and whether a firm this size is the right one for the project.
T-Bone Construction, Inc. · 1310 Ford St, Colorado Springs, CO 80915