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Courthouse Square Architectural Cost Consultants, LLC <br />• Court 8~ High Street James A. Jerde, AIA - StaMey J. Pszczolkowski, AIA <br />Salem, Oregon 6441 SW Canyon Court, Suite 103 <br />Arbuckle Costic Architects, Inc Portland, Oregon 97221 <br />~ 'Des' n Development Probable Cost Estimate Phone (503) 297-7210 Fax (503) 297-7187 <br />DIRECT CONSTRUCTION COST SUMMARY <br />Component <br />Area S / SF <br />Cost <br />Estimate Date: R21-Aug-98 <br />Document Date: 23-Ju1-98 <br />Print Date: 21-Aug-98 <br />Pri~t Time: 11:12 AM <br />Construction Start: Spring 99 <br />Comments <br />~ I, <br />~ Building Shell & Core <br />~ <br />'; Parking <br />~I <br />'', Bus Mall <br />i <br />~ Subtotal <br />Streetscape <br />Subtotal <br />153,343 sf 73.45 11,262,900 <br />70,793 sf 42.67 3,020,512 <br />66,528 sf 37.63 2,503,582 <br />22a,136 sf 7a.9o $16,786,995 <br />33,720 sf 50.15 1,691,150 <br />33,720 sf 50.15 $1,691,150 <br />Tenant Finishes <br />Ground Level Tenant Finishes 13,930 sf 42.85 596,862 <br />Second FloorTenant Finishes 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 <br />TOTAL DIRECT CONSTRUCTION COST 521,421,123 <br />0 <br />Indicated Surplus / (Deficit) (21,421,123) <br />'i ALTERNATES <br />~ 1 Parking Attemate 1 23,278 sf Add t 930,300 <br />I 2 Parking Alternate 2 19,467 sf Add t 808,500 <br />~ 3 0 0 , <br />I 40 <br />I The above estimates are for direct construction cost only. They do not include fumishings & equipment, consuttant I <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 />~i sub-trades as well as the general contractors. All work to be contracted at one time (shell & core, street & bus mall and <br />i 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% per year compounded. <br />Summary - Page 1 <br />