18th November 2025
As of Tue 28/07/2009
Cost Multipliers are costs per pupil for the construction of accommodation to provide for additional pupil places.
The 2006-7 Multipliers are as follows:
Primary £ 10,372
Secondary £ 15,848
Post 16 £ 17,013
Therefore for a 525 pupil Primary School the cost of construction of accommodation for additional places is £10372*525=£5.445m. Stockport has a variance of 0.94 to allow for regional cost differences therefore a Budget Cost of £5.25m appears reasonable to put up on an acquired site.
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92 Primary Schools have an average 170 pupils at an average value of £0.98m. A 600 pupil School would have a hypothetical net book value of £3.44m.
The ratios from the other Gov source gave a new build cost for a 600 pupil School of £10372*600*0.94 = £5.85m
Conclusion A 600 pupil Primary School is MUCH bigger than the average.
SMBC value their assets on Net Book Value not as Replacement Value which is normally greater than NBV. The important point is how is the asset insured if at all. In a total loss situation the asset has to be replaced; NBV will not provide the necessary funds and can only come from Insurance payout. The point may be irrelevant but I assure you is of deep significance on the risks taken by residents.
£3.44m to £5.85 is a reasonable ratio NBV to New Build. £8+m something is wrong.
If you look at this site it gives the cost per pupil for a primary school as £10372 so a 600 pupil school would cost approx £6.25m so the original estimate of £5.4m is cheapish. Without a doubt the current estimate of £8.5m is 36% or one third above the Official Average given by this very official Government body. There has to be a reason and is a very valid question. In the private sector new houses , factories etc etc don’t deviate much from the average so why should a school?
