The following cost estimate was prepared on unit cost factors based on cost experience of previous estimates for similar facilities escalated to the date of bidding.

 

NOTE:  The Project Architect/Engineer is responsible for implementation of sound architectural and engineering principles in obtaining the most economical and feasible facility possible.  It is emphasized that although certain construction system maybe described in this POR as a basis of this estimate; the POR is only a guide for this purpose.  The project Architect/Engineer is expected to consider optional systems to obtain maximum economy and adaptability to requirements of the project.

 

Building - Phase One........................................................................   $ 3,500,000

Site Development..............................................................................   $ 500,000

Total Construction - Phase One ..........................................................  $ 4,000,000

Construction Contingencies.................................................................... $ 200,000

Design, Project Management, Inspection, Other Soft Costs.......................... $ 500,000

Furnishings and Equipment ..................................................................... $ 50,000

 

TOTAL ESTIMATED PROJECT COST – Phase One .............................. $ 4,750,000