7G Bolton & Menk PMP Report - Laserfiche WebLink

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6. ESTIMATED COSTS Estimated construction costs have been tabulated based on current market prices and include a 15 percent contingency factor. Overhead costs, estimated at 20 percent, include legal, engineering, administrative and fiscal costs. Final costs will be determined by using low-bid construction costs of the proposed worlc. Proposed construction costs for the Old Snelling Avenue / Old Highway 10 Trail alternatives are itemized in the tables located in Appendix B and are summarized below. These cost estimates are based upon public construction cost information. Since the consultant has no control over the cost of labor, materials, competitive bidding process, weather conditions and other factors affecting the cost of construction, all cost estimates are opinions for general information of the client and no warranty or guarantee as to the accuracy of construction cost estimates is made. It is recommended that costs for project financing should be based upon actual, competitive bid prices with reasonable contingencies. ESTIMATED PROJECT COSTS West Corridor X Estimated Construction Cost $ 1,655,180.00 Contingencies (15%) $ 248,277.00 Engineering and Administration (20%) $ 380,691.40 Total Estimated Cost — West Corridor $ 2,284,148.40 East Corridor X �stimated Construction Cost $ 1,604,325.00 Contingencies (15%) $ 240,648.75 Engineering and Administration (20%) $ 368,994.75 Total Estimated Cost — East Corridor $ 2,213,968.50 � Also includes bridge crossing costs Bridge Crossing and Necessary Trail Construction * Estimated Construction Cost Contingencies (15%) Engineering and Administration (20%) Total Estimated Cost — West Corridor * Does not include any boardwalk construction that may be necessary Old Snelling Avenue / Old Highway 10 Trail Study, City of Arden Hills BMI Project No. T16.100325 $ 160,000.00 $ 24,000.00 $ 36,800.00 $ 220,800.00 Page 9