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Cost Estimating <br />SOLVE THE <br />PROBLEM <br />RIM provides a final <br />estimate at <br />95% <br />completion of <br />design, <br />Schematic Design Phase: At the start, SD estimates are applied to more detailed <br />square footages. At this point, we are beginning to lock in on the overall layout <br />of the building and can start to develop costs based on the desired finish. By the <br />completion of this phase, the estimate is supported with actual quantities of <br />construction systems. This analysis will save design team resources and allow you to <br />look at multiple scenarios for structure, enclosure, interiors, etc. <br />Design Development Phase: As the estimate moves through this phase, unit <br />quantities will be available to produce a very detailed estimate. The project's budget <br />will develop its final details at the end of this phase. This estimate will be fully <br />supported by subcontractor feedback to gain valuable market insight. <br />Communications with City Council <br />Our job is to find the right path for the city and offer multiple options for <br />staff and council to consider to ensure programs and design intent are not <br />compromised while keeping the project on budget. It is important to have a <br />construction management partner that understands the process and timelines <br />required. <br />THE RJM DIFFERENCE <br />Our team provides a final estimate at 95% completion of the design, which is <br />different from other construction managers. With this final estimate, the intention <br />is to confirm that the 95% drawings and specifications align with the budget and <br />that we have i00% subcontractor support to prove it. This final confirmation allows <br />us to accurately track the expected final bid amounts when received. Allowing one <br />last opportunity to make slight adjustments to the plans before bidding assures the <br />project is delivered on budget. <br />Examples: <br />Hopkins Pavilion <br />- 95% estimate: $5,134,755 <br />- Bid day results: $5,063,184 <br />- $71,571 under budget <br />Woodbury Ojibway Park <br />- 95% estimate: $3,760,640 <br />- Bid day results: $3,549,440 <br />- $211,20o under budget <br />Andover Public Works <br />- 95% estimate: $11,026,562 <br />- Bid day results: $10,499,552 <br />- $527,010 under budget <br />Westwood Hills - St. Louis Park <br />- 95% estimate: $10,465,537 <br />- Bid day results: $9,992,598 <br />- $472,939 under budget <br />Fernbrook Fields - Maple Grove <br />- 95% estimate: $7,765,166 <br />- Bid day results: $7,632,630 <br />- $132,536 under budget <br />Woodbury Public Works <br />- 95% estimate: $22,940,175 <br />- Bid day results: $22,859,086 <br />- $81,o8g under budget <br />HERO Center (East Metro Public Training Facility) <br />- 95% estimate: $17,577,628 <br />- Bid day results: $17,459,737 <br />- $117,891 under budget <br />City of Ramsey 24 <br />