Proposed Happy Home building• At present Happy Home pays monthly rent for four

buildings: One school building, two hostels and a dining hall

• To construct a building we also need to purchase or lease a piece of land.

• Although purchasing land and constructing the buildings would involve a very large once off cost, it would saves huge amounts of monthly rental expenses in the long run.

• By having our own land and buildings, the Happy Home team can function with more independence and less uncertainties.

• Sketches of the proposed buildings are presented in the following slides.

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5. HAPPY HOME GUEST HOUSE

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Proposed site for Happy Home 10

View of Kathmandu valley from the Proposed site for Happy Home

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Estimated Costs of New Buildings

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Abstract of Estimated Cost of Building

Project: Construction of Happy Home Building

Particulars of work Nrs. US $ Euros UK Pounds

A Total Abstract of Estimated Cost of Happy Home all additional Building 240,803,946

3,852,863 2,817,406 2,311,718

B Total Abstract of Estimated Cost of Site Clearance and Retaining wall work 21,761,003

348,176 254,604

208,906

C Total Abstract of Estimated Cost of Land 50,094,000

801,504 586,100

480,902

Grand Total 312,658,949 5,002,543 3,658,110 3,001,526

*Note: Currency rates fluctuate daily. The exchange rates used are: 1 NR = 0.0117 EURO. 1 NR = 0.0160 USD. 1 NR = 0.0096 GBP (31 January 2014). Source: Oanda.com

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Abstract of Estimated Cost of Building

Project: Construction of Happy Home Building

A Total Abstract of Estimated Cost of Happy Home all additional Building

S.N. Particulars of work Floor Area Rate sq ft Nrs. US $ Euros UK Pounds

FX RATES( Based on 31 January 2014) 0.016 0.0117 0.0096

1Happy Home Main Building sq ft. 14,981 2500 37,451,575 599,225 438,183 359,535

2Happy Home School Building sq ft. 11,629 2500 29,071,275 465,140 340,134 279,084

3Happy Home Boys Hostel Building sq ft. 8,574 2500 21,434,225 342,948 250,780 205,769

4Happy Home Girls Hostel Building sq ft. 8,574 2500 21,434,225 342,948 250,780 205,769

5Happy Home Toilet Building sq ft 1,330 2250 2,992,500 47,880 35,012 28,728

6Happy Home Gents and Female Guest House Building sq ft 12,864 2500 32,159,575 514,553 376,267 308,732

7Happy Home Restaurant Building sq ft. 2,013 2250 4,528,350 72,454 52,982 43,472

8Swimming Pool sq ft 1,614 1500 2,420,880 38,734 28,324 23,240

9Dry stone paving steps road 5' wide rft 18,750 130 2,437,500 39,000 28,519 23,400

10Electrical Work @ 5%     7,696,505 123,144 90,049 73,886

11Sanitary and Plumbing work @ 6%     9,235,806 147,773 108,059 88,664

12Painting work @ 5%     7,696,505 123,144 90,049 73,886

13Furniture for School, Office, Hostel and Guest House @ 12 %     18,471,613 295,546 216,118 177,327

14Design, Estimate & Supervision cost @ 5%     8,927,946 142,847 104,457 85,708

15Project Management Cost @ 4%     7,142,357 114,278 83,566 68,567

        213,100,837 3,409,613 2,493,280 2,045,768

16VAT @ 13%     27,703,109 443,250 324,126 265,950

  Sub Total     240,803,946 3,852,863 2,817,406 2,311,718

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B Total Abstract of Estimated Cost of Site Clearance and Retaining wall work

S.N. Particulars of work Floor Area Rate sq ft Nrs. US $ Euros UK Pounds

1Preparation of Happy Home Construction            

1.1Site Clearance work (bush cutting and removing it) 22 20000 440,000 7,040 5,148 4,224

1.2Land leveling by Dozer with track road opening 22 40000 880,000 14,080 10,296 8,448

1.3Gavion dry stone masonry wall 74,970 150 11,245,500 179,928 131,572 107,957

2Open drain work on 22 Ropani in rft stone masonry (1:6)(1'x1'x1') clear finishing all complete 2,500 1550 3,875,000 62,000 45,338 37,200

3Tree Plantation on boundary of 22 ropani land 1,000 100 100,000 1,600 1,170 960

4Underground reservoir water tank 60000 Lit 60,000 30 1,800,000 28,800 21,060 17,280

        18,340,500 293,448 214,584 176,069

5Supervision and management cost @ 5%     917,025 14,672 10,729 8,803

        19,257,525 308,120 225,313 184,872

16VAT @ 13%     2,503,478 40,056 29,291 24,033

  Subtotal     21,761,003 348,176 254,604 208,906

C Total Abstract of Estimated Cost of Land

S.N. Particulars of workLand area in

ropaniRate of land per

ropani Nrs. US $ Euros UK Pounds

1Total Area of land in ropani 22 2,200,000 48,400,000 774,400 566,280 464,640

2Government tax for land pass @ 3.5%     1,694,000 27,104 19,820 16,262

  Subtotal     50,094,000 801,504 586,100 480,902

Grand Total     312,658,949 5,002,543 3,658,110 3,001,526