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22 | Old Heat CERB Feasibility Study
<br />TASK 4: PROJECT COSTS
<br />a. Costs of architecture and
<br />construction are necessary to
<br />repurpose existing industrial
<br />building to Class B commercial
<br />space for innovation and
<br />technology commercialization.
<br />b. Costs of architecture and
<br />construction are necessary to
<br />repurpose existing industrial
<br />buildings to business incubation
<br />and meeting spaces.
<br />A design for the Old Heat Welcome
<br />Center with engineering was
<br />performed in 2016 to be bid in three
<br />phases. The table below shows the
<br />history of the project and an updated
<br />construction cost for what would have
<br />been phase 3 of the project. The
<br />design created for the Welcome Center
<br />and Community Education Center
<br />serves as a good platform to build on
<br />for the current project being explored.
<br />Variations to tenant improvements will
<br />be made to meet the specific needs
<br />of the new use in the future as those
<br />are developed. The capital cost of the
<br />project should be in the range of the
<br />estimates that have been brought up to
<br />2025 construction costs.
<br />DIVISION ITEM 2018 BID 2025 ESCALATED COST
<br />(45%)
<br />2025 COST W/
<br />PREVAILING WAGE
<br />(45%)
<br />GCs Soft Costs (OH&P, Insurance,
<br />Bonding, B&O tax)$1,134,596.00 $ 1,645,164.20 $ 1,891,938.83
<br />Existing Conditions (demo and
<br />abatement)$ 237,190.00 $ 343,925.50 $ 395,514.33
<br />Earthwork $ 156,895.00 $ 227,497.75 $ 261,622.41
<br />Exterior Improvements $ 126,332.00 $ 183,181.40 $ 210,658.61
<br />Concrete $ 261,604.00 $ 379,325.80 $ 436,224.67
<br />Masonry $ 242,348.00 $ 351,404.60 $ 404,115.29
<br />Metals $ 645,514.00 $ 935,995.30 $ 1,076,394.60
<br />Wood and Plastic $ 74,603.00 $ 108,174.35 $ 124,400.50
<br />Thermal and Moisture Protection $ 230,053.00 $ 333,576.85 $ 383,613.38
<br />Doors and Windows $ 392,907.00 $ 569,715.15 $ 655,172.42
<br />Finishes $ 658,582.00 $ 954,943.90 $ 1,098,185.49
<br />Specialties $ 56,385.00 $ 81,758.25 $ 94,021.99
<br />Conveyance $ 199,500.00 $ 289,275.00 $ 332,666.25
<br />Fire Protection $ 82,050.00 $ 118,972.50 $ 136,818.38
<br />Plumbing and Mechanical $ 687,727.00 $ 997,204.15 $ 1,146,784.77
<br />Electrical $ 694,297.00 $ 1,006,730.65 $ 1,157,740.25
<br />Design Contingency $ 179,666.00 $ 260,515.70 $ 299,593.06
<br />TOTALS $5,880,583.00 $ 8,526,845.35 $ 9,805,872.15
<br />Table 1: Costs
<br />TASK 04
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