1992 - 02-03-92 Regular Meeting - Laserfiche WebLink

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i7n -4T- FtT,-HETT TEL Pi' 9-i- rD ~r J Y Y 211 STUART-FITCH ETT ARCHITECTS AIA PA ''Osr orrlCE eox 1 6>c SC)UT~IFhNPRN?_S NopT'+C%.AOLRJA 20397 January 29, 1992 William K. Cowan Lee County Manager P.O. Box 1968 Sanford, NC 27331-1968 Re: Lee County Courthouse/Jail Project Estimated Cost of Construction Dear Sill: Enclosed are our estimated costs for the project. I have enclosed a copy of the cost breakdown made by an independent cost estimating firm hired by us to assist in obtaining these figures. I have also enclosed a cost breakdown by us showing how these costs are related to the different areas of function. These figures are based upon. values furnished by R.S. Means Company, Inc., a cost estimating publication for construction cost throughout the entire USA including our specific areas of Raleigh, Fayetteville, and Greensboro. As you can see, the two estimates are very close. The combined cost for the base bid new construction and renovated courthouse of $7,767,600 is a little larger than the $7,435,000 budget given to me. This increase is primarily due to increased special requirements for the Jail areas. We have tried our best to stay as close to the program requirements that were as follows: Jail: 100% of year 2010 program. Courthouse related areas: 800 of the 1989 projected needs. Sheriff Department: 80% of the 1989 projected needs. As you realize, these reduction figures were based upon the total construction budget of $7,435,000 allocated to us. We feel that it would not be prudent to try to reduce the building total area as we have squeezed each area as much as it can stand. P. 2 Our opinion is that it would be in the counties best interest to try to bid all of the work listed, including the full shelled-in basement area for an estimated total of $8,023,000. The bidding climate may be at its best ever for Owners.