Reso 2002-070 - Laserfiche WebLink

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Comparable Public Construction Approach: As an alternate to the Construction Cast Index approach to estimating normal construction costs in the applicants area, the applicant may employ a local public construction cost comparison approach to calculate the Eligible Projected Construction Cost figure. iSee section 20436 (c)(3)j List a minimum of three comparable public construction projects that have been bid within the applicant's County within three years of the Board's deadline for application. Comparable public construction projects are public libraries, community colleges, post offices, museums, courthouses, city halls, auditoriums, convention centers, civic centers, senior citizen centers, public schools, and recreation centers. The costs listed shall be for construction of the building only and exclusive of any site acquisition, demolition, development, utilities, or landscaping; surface and under building parking; works of art; shelving; furniture; built-in service desks, counters, workstations, or other casework; movable equipment; or architectural and engineering fees. Construction Protect Date Bid CostISF ~,:. A. > n/a $ ISF „'~ s B. > $ ISF ~., , C. > $ ISF ~'' ~= l~. > $ ISF E. TOTAL > $ IsF ~ ,~ ` ` , 10) Locally Determined Comparable Cost Per Square Foot ($ISF): > $ ISF Divided by > _ > $ ISF Re-enter Line E # of Projects Locally Determined Comparable Cost per Square Foot The "Locally Determined Comparable Cost per Square Foot" (10) figure may be increased by 1/5 percent per month for each month from January 1, 2002, through to the estimated mid-point of construction of the project. Multiply the number of months (11A) times .002 (1/5%) to get an inflation factor (118). Multiply the inflation factor (11 B) times the "Locally Determined Comparable Cosf per Square Foot" figure (11C) to get the "Additional Cost per Square Foot" figure (11 D): Number Inflation Locally Determined 11) ,q. of Months: > _ X .002 = g. Factor: > X C. Comparable $ISF: > $_ISF = D. > $_ISF (115%) (Re-enter 10) Adding the resulting 'Additional Cost per Square Foot" figure (12A) to the "Locally Determined Construction Cost per Square Foot" figure (128 gives the "Eligible Projected Construction Cost per Square Foot" figure (12C): Additional Locally Determined Eligible Projected 12) A. CostISF: > $_ISF + B, Construction $ISF: > $ ISF = C. Construction $ISF: > $ ~ ISF (Re-enter 11D) (Re-enter 11C) The "Eligible Projected Construction Cost" is calculated by multiplying the "Eligible Projected Construction Cost per Square Foot" figure (12C) times the square footage of new construction: 13) The Eligible Projected Construction $ISF: Multiplied By 14) The Square Footage of New Construction: Equals 15) The Eligible Projected Construction Cost: > $ l ISF (Re-enter 12C) > SF > $ If the projected construction cost estimated by the project architect is lower than the figure in Line 15, the applicant shall use the lower figure) as the normal public construction cost in the applicant's area. A 10% project contingency amount is allowed and is calculated by multiplying the total Eligible Projected Construction Cost by 10%: 16) Eligible Contingency: (10% of Line 15) > $ 24