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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 ofthe 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 cunent 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 />prolect should be in the range of the
<br />estimates that have been brought up to
<br />2025 construction costs.
<br />TASK 04
<br />$ 332,666,25
<br />$ 136,818.38
<br />$ 1,146,784.77
<br />$ 1,157 ,740.25
<br />$ 299,593.06
<br />$ 1,891,938.83
<br />$ 395,514.33
<br />$261,622.41
<br />$ 210,658.61
<br />$ 436,224.67
<br />$ 404,115.29
<br />$ 1,076,394.60
<br />$ 124,400.50
<br />$ 383,613.38
<br />$ 655,172.42
<br />$ 1,098,185.49
<br />$ 94,021.99
<br />$ 260,515.70
<br />$ 1,645,164.20
<br />$ 343,925.50
<br />$227,497.75
<br />.40$ 183,181
<br />$ 379,325.80
<br />$ 351,404.60
<br />$ 935,995.30
<br />$ 108,174.35
<br />$ 333,576.85
<br />$ 569,715.15
<br />$ 954,943.90
<br />$ 81,758.25
<br />$ 289,275.00
<br />$ 118,972.50
<br />$ 997,204.15
<br />$ 1,006,730,65
<br />$ 645,514.00
<br />$ 74,603.00
<br />$ 230,053.00
<br />$ 392,907.00
<br />$ 658,582.00
<br />$ 56,385.00
<br />$ 199,500.00
<br />$ 82,050,00
<br />$ 687,727.00
<br />$ 694,297.00
<br />$ 179,666.00
<br />$1 ,134,596.00
<br />$ 237,190.00
<br />$ 156,895.00
<br />$ 126,332.00
<br />$ 261,604.00
<br />$ 242,348.00
<br />Thermal and Moisture Protection
<br />Doors and Windows
<br />Finishes
<br />Specialties
<br />Conveyance
<br />Fire Protection
<br />Plumbing and Mechanical
<br />Electrical
<br />Design Contingency
<br />GCs Soft Costs (OH&B lnsurance,
<br />Bondinq, B&0 tax)
<br />Existing Conditions (demo and
<br />abatement)
<br />Earthwork
<br />Exterior lmprovements
<br />Concrete
<br />Masonry
<br />Metals
<br />Wood and Plastic
<br />DIVISION ITEM 2018 BID
<br />2025 ESCALATED COST
<br />(45o/ol
<br />2025 COST W
<br />PREVAILING WAGE
<br />(45%l
<br />TOTALS $5,880,583.00 $8,526,845.35 $ 9,805,972.15
<br />22lOld Heat CERB Feasibility Study
<br />Table 1: Costs
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