Hunter Memorial Banquet Facility Probable Estimate of Project Cost
November 15, 2019
Hard Costs – Construction – Construction Management Estimates Professional Cost Estimate (Gibbon’s Estimating Group – Nov 8, 2019) – BASE BID Square foot reductions ( 500sf x 350/sf = 175,000 ) Total Hard Costs (Rounded)
$ 1,475,339.00 $ (175,000.00) $ 1,300,000.00
Soft Costs – Fees & Contingency Land Acquisition & Demolition Topographic Survey of Existing Conditions Geotechnical Testing & Test Pits Municipal Land Use approval application fees Environmental Survey – Phase I Hazardous Materials Assessment Hazardous Materials Testing / Clearances (During Demolition / Construction) Building Permits (State of CT Educational Stipend) Advertising Legal Fees – Owner Representation - (Allowance) Bonding Cost / Financing - (Allowance) Builder’s Risk Insurance Fees – (Owner Cost) A/E Fees (CD Packaging, Bidding, CA, & Contingency) – ($111,000.00 – payed direct by city) Testing / Special Inspections – (construction) Project Manager / Owner’s Representative – Full time (1.5 years) Utility Company Fees – (Electrical, Water, Sanitary & Sewer, Connections) - Allowance Telephone & Communications Fees Furniture, Furnishings & Equipment – (Allowance) Technology / Computers – (Limited Allowance) Moving / Relocation / Temporary Conditions – (1 move) Drawing Reproduction / Bidding Construction Escalation to Spring 2020 Owner’s Project / Construction Contingency – (allowance)
Total Soft Costs
$ NIC $ 5,000.00 $ 7,500.00 $ waived $ N/A $ 3,500.00 $ NIC $ in hard cost $ 1,500.00 $ N/A $ NIC $ 20,000.00 $ NIC $ 15,000.00 $ NIC $ 10,000.00 $ 10,000.00 $ by others $ NIC $ NIC $ 3,500.00 $ N/A $ 130,000.00
$ 206,000.00
Total Estimated Project Cost Estimates are based on a spring 2020 construction start. There is no allowance for cost escalation to future years. There is no allowance for hazardous materials abatement.
$ 1,506,000.00