HomeMy WebLinkAboutBudget Update November 1, 2017The VERTEX Companies, Inc.
Nantucket Fire Headquarters
Project Budget History
Description Budget June ’16 March ’17 November '17
Construction Budget $14,433,125 $15,707,000 $15,678,000 <--actual low bid number received 11/02/17
Designer Fees $976,000 $976,000 $976,000 $976,000
OPM Fees $458,860 $458,860 $458,860 $458,860
Other Soft Costs (FFE, etc.)$440,140 $440,140 $440,140 $508,362 <--escalated 10% a year for 1.5 years
Soft Cost Contingency (2%)$37,500 $37,500 $37,500 $46,041 <--increased w/ inc. soft costs
Const. Contingency (4.5%)$654,375 $654,375 $654,375 $0
Total Project Budget $17,000,000 $18,273,875 $18,244,875 $1,989,263
Less appropriation ($17,000,000)($17,000,000)($17,000,000)
Plus paving & landscaping Included $750,000
Plus paving $700,000
Plus fencing $220,400
Plus add’l Design Fees Included $243,500 $243,500
Plus add'l OPM Fees $115,330
Shortfall $1,273,875 $2,238,375 ($13,731,507)
Note:
1. The March '17 Construction Budget number was based on an estimate to build the project "modularly". The June '16 number was Maron's bid to build it conventionally.
The October '17 figure is based on an escalated version of the June '16 bid figure.
3. Paving estimate uses 87,700 sf of paving that equates to ______ tons of asphalt installed at the Town's current unit price rate of _____ per ton, escalated 8% for next
season's contract.
2. Fencing estimate is based on 300 lf of decorative fence with 36lf of sliging gate and 3.5 lf of man-gate; 1031 lf of chainlink fence with 21 lf of gates and 5' of man-gate.