1- Budget BreakdownAllocationsCost 1. Contingency (10%)$5,000,000.00 2. Permit F

1-
Budget BreakdownAllocationsCost
1. Contingency (10%)$5,000,000.00
2. Permit Fees (2%)$1,000,000.00
3. Bonding Costs (3%)$1,500,000.00
4. Demolition (5%)$2,500,000.00
5. Excavation (7%)$3,500,000.00
6. Foundation Concrete (10%)$5,000,000.00
7. Utility Connection (5%)$2,500,000.00
8. Framing (6%)$3,000,000.00
9. Roofing (3%)$1,500,000.00
10. Plumbing (6%)$3,000,000.00
11. Mechanical (8%)$4,000,000.00
12. Electrical (7%)$3,500,000.00
13. Interior Finishes (8%)$4,000,000.00
14. Building Exterior (7%)$3,500,000.00
15. Engineering (8%)$4,000,000.00
16. Legal (1%)$500,000.00
17. Field Office (4%)$2,000,000.00
Total$50,000,000.00
The table above, shows how the budget allocation along with the associated percentages are represented for a budget total of $50,000,000.00
Items that would be considered soft costs include Engineering, Legal Fees and Permit Fees, for a total of $5,500,000.00. The additional $1,500,000.00 from the Electrical Utility needed to extend their infrastructure to the project site will be allocated to the budget line item 1. Contingency. On future projects, in order to mitigate the cost and the potential delay it is imperative to define Utility works schedule. In order to account for it in the budget and configure the schedule accordingly. Once, this is accounted for the cost would fall under the budget line item 7. Utility Connection.
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