Ferdinand Construction $($FC$)$ manages the design and construction of hospitals. Ferdinand has developed several formulas that it uses to quote jobs. These include costs of basic construction but exclude equipment and furniture. These estimates are also dependent on the purpose of the hospital $($teaching hospitals are more costly to build$)$ and location $($downtown hospitals are more costly to build$).$ Both of these are based on the building costs. The estimated costs also depend on whether the hospital has few or many stories $($highrise buildings are more expensive$).$ The following are the cost estimates for one region in the Northeast:

Design costs

$\backslash$table$[[$Building costs $-$ per square foot $($low$-$rise$),$$$15,006,000$