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VII. Project Cost Estimates <br />Site Option C: <br />A. Construction Estimate: <br />1. 6,000 SF Office Building at $250 / SF = $1,500,000 <br />2. 10,200 SF Shop Space at $180 / SF = $1,836,000 <br />3. 6,800 SF Fleet Maintenance at $200 / SF = $1,360,000 <br />4. 39,140 SF Fleet Storage at $125 / SF = $4,892,500 <br />5. Remodel Cold Storage Buildings = $250,000 <br />6. New Fueling Island with above ground tanks = $200,000 <br />7. Move Salt Storage = $50,000 <br />8. Demolition, Fence and Site Development = $350,000 <br />9. Design & Construction contingency at 5% = $521,925 <br />Construction Estimate = $10,960,425 <br />B. Soft Cost Estimate (Typically Include): <br />1. <br />A/E Fees <br />2. <br />Legal Counsel Review <br />3. <br />Reimbursable Expenses <br />4. <br />Geotechnical Report <br />5. <br />Data /Telecom Wiring <br />6. <br />A/V Systems for Training Room <br />7. <br />Survey <br />8. <br />CM / Project Management Fees <br />9. <br />FF&E (Furniture, Fixtures and equipment) <br />10. <br />SAC (sewer connection fees through Met Council) <br />11. <br />WAC (water connection fees) <br />12. <br />Bond costs <br />13. <br />Plan review fee <br />14. <br />Bid Advertising <br />15. <br />Special Testing (construction) <br />16. <br />Bid document printing <br />17. <br />Builders Risk Insurance <br />18. <br />General Project Contingency <br />Soft Cost Estimate = $1,400,000 <br />Estimated Total Project Cost for 2016 = $12,360,425 <br />This estimate is based on 2016 construction values. <br />Based on construction occurring in 2017 cost should be adjusted by 5% to allow for anticipated inflation. <br />Inflated Construction Estimate for 2017 = $10,960,425x5%=$11,508,446 <br />Soft Cost Estimate = $1,500,000 <br />Estimated 2017 Total Project Cost $13,008,446 <br />VI 1.4 1 Ramsey Public Works Study B K V <br />G R O U P <br />