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',Courthouse Square I Arc6itectural Cost Consultants, LLC Estimate Date: R21-Aug-98
<br />'COUrt & High Stfeet ~ James A. Jerde, AIA - Stanley J. Pszczolkowski, AIA Document Date: 23-Ju1-98
<br />Salem, Oregon ' 6441 SW Canyon Court, Suite 103 Print Date: 21-Aug-98
<br />Arbuckle Costic Architects, Inc Portland, Oregon 97221 Print Time: 11:12 AM
<br />, Design Development Probable Cost Estimate ' Phone (503) 297-7210 Fax (503) 297-7187 _ Construction Start: Spnng 99
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<br />DIRECT CONSTRUCTION COST SUMMARY
<br />Component
<br />Building Shell & Core
<br />Parking
<br />Bus MaII
<br />Subtotal
<br />Streetscape
<br />Subtotal
<br />~ Area
<br />153,343 sf
<br />70,793 sf
<br />66,528 sf
<br />224,136 sf
<br />I 33,720 sf
<br />I
<br />~ 33,720 sf
<br />~~
<br />a/SF
<br />73.45 11,262,900
<br />42.67 3,020,512
<br />37.63 2,503,582
<br />74.90
<br />$16,786, 995
<br />50.15 1,691,150
<br />50.15 $1,691,150
<br />Tenant Finishes ' '
<br />Ground Level Tenant Finishes , 13,930 sf 42.85 596,862
<br />Second Floor Tenant Finishes I 27,552 sf 17.49 481,994
<br />Third Floor Tenant Finishes ', 28,279 sf 24.66 697,318
<br />Fourth Floor Tenant Finishes 28,279 sf 22.72 642,601
<br />Fifth Floor Tenant Finishes 16,850 sf 31.11 524,203 '
<br />~ 114,890 sf 25.62 $2,942,978 ,
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<br />TOTAL DIRECT CONSTRUCTION COST ~
<br />$21,421,123
<br />B
<br />0
<br />Indicated Surplus / (Deficit) (21,421,123)
<br />ALTERNATES
<br />1 Parking Altemate 1 23,278 sf Add t 930,300
<br />2 Parking Alternate 2 19,467 sf Add t 808,500
<br />30 0
<br />40 Q
<br />The above estimates are for direct construction cost only. They do not include fumishings & equipment, consultant
<br />fees, inspection and testing fees, plan check fees, hazardous material testing and removal, financing costs, nor any
<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
<br />sub-trades as well as the general contractors. All work to be contracted at one time (shell 8~ core, street 8~ bus mall and
<br />tenant improvements). If project is to be phased, additional cost associated with phasing to be added.
<br />The above estimates assume a construction start date of: Spring 99 If the start of construction is delayed
<br />beyond the date above, the estimates must be indexed at a rate of 4-6°/a per year compounded.
<br />Cost Comments
<br />Summary - Page 1
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