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<br />-------- - - - - Estimate Date: 16-Nov-98 ~ ~~~`~
<br />ICourthouse Square Architectural Cost Consultants, LLC
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<br />!Court & High Street James A. Jerde, AIA - Stanley J. Pszczolkowski, AIA Document Date: 29-Oct-98
<br />6441 SW Canyon Court, Suite 103 Pnnt Date: 16-Nov-98 I~
<br />Salem, Oregon Print Time: 03:10 PM i
<br />;Arbuckle Costic Architects, Inc Portland, Oregon 97221
<br />Phone (503 297-7210 Fax 503 297-7187 Construction Start: Spring 99 _
<br />150% Contract Documents Estimate_ _ __ __ _______. . ~ ----.--- ~ ~-- - - - - ~
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<br />DIRECT CONSTRUCTION COST SUMMARY ~
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<br />Component Area $/ SF Cost ~ Comments ~
<br />-- __ _ __ II
<br />Building Shell & Core I 152,792 sf 70.87 10,828,933 I .n ',
<br />' Parking I 71,979 sf 41.80 3,008,454 a i
<br />~€~~ ~~` ~
<br />I 66,528 sf 33.38 2,220,884 ~~~ ~~~
<br />Bus Mall ~ ~
<br />__ _ - ___- -- --- - `
<br />Subtotal I~ 224,77~ sf 71.a4 $16,058,271 I ~. '= I
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<br />Streetscape 35,650 sf 51.70 1,842,975 ~
<br />~ Subtotal 35,65o sf 51.70 $1,842,975 I
<br />~ ~
<br />' Tenant Finishes ~
<br />, Ground Level Tenant Finishes 13,916 sf 52.10 725,084
<br />f 29.37 806,669 II
<br />Second Floor Tenant Finishes 27,462 s
<br />' Third Floor Tenant Finishes 28,062 sf 17.79 499,313 '
<br />Fourth Floor Tenant Finishes 28,062 sf 15.22 426,994 ~
<br />Fifth Floor Tenant Finishes 16,824 sf 28.15 473,588 __ __ "~ '
<br />11a,326 sf 25.6a $2,931,649 ;
<br />~I TOTAL DIRECT CONSTRUCTION COST $20,832,895 I',
<br />I'~ Budc~et ~I
<br />- ~ ~I
<br />' Indicated Surplus / (Deficit) (20,832,895)
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<br />' ALTERNATES I~
<br />1 Parking Alternate 1 22,092 sf Add t 875,100
<br />2 Parking Altemate 2 19,467 sf Add t 750,200 i~
<br />' 3 0 0
<br />'~ 40 ~
<br />The above estimates are for direct construction cost only. They do not include furnishings & equipment, consultant !
<br />i fees, inspection and testing fees, plan check fees, hazardous material testing and removal, financing costs, nor any I
<br />~ other normally associated development costs.
<br />The above estimates assume a competitively bid project, with at least three qualified bidders in each of the major I~
<br />sub-trades as well as the general contractors. All work to be contracted at one time (shell & core, street & bus mall and I
<br />~ tenant improvements). If project is to be phased, additional cost associated with phasing to be added.
<br />The estimate includes a 2.5% estimating contingency. (drawings and details are not complete, complete specifications j
<br />not provided for this estimate).
<br />! S rin 99 If the start of construction is delayed
<br />art date of:
<br />ove estimates assume a construction st P 9
<br />The ab
<br />xed at a rate of 4-6% er ear compounded.
<br />beyond the date above, the estimates must be inde P Y ___ _ _
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<br />Summary - Page 1
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