2018-11-1_PR Comm Packet - Laserfiche WebLink

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Preliminary cost estimates were developed for all proposed improvements. Improvements with associated costs were grouped into three priority levels outlined above for the Capital Improvement Program. Cost Estimates Construction cost estimates are based on very preliminary information. Therefore, estimates should be considered accurate to plus/minus 20%. Further testing and equipment inspections are suggested for some improvements to provide information for more accurate cost estimates in the future, if desired. All costs are based on spring 2018 construction and construction cost estimates and should be adjusted by approximately three percent per year for inflation. We recommend that a 20% construction contingency be included to account for the preliminary nature of this evaluation as discussed above and that soft costs included at a budget of 15% of total construction costs. Costs for the recommended improvements can be found on the following page. Costs include a 20% contingency and 15% for soft costs. The base costs are shown in black with an optional cost for a flat plate chiller shown in brown. The costs are categorized in the three priority levels outlined above. Red is the highest priority and includes efforts that should be undertaken in the next five years. Yellow is considered a medium priority and should be undertaken in the next five to ten years. For phasing purposes these improvements could be considered at the same time as the highest priority for the overall improvement project may benefit from least down time from construction and most cost- effective bidding if packaged together. The lowest priority, green, is a short list and could be accomplished cost effectively at any time. 252525