2.0 Summary Documents
Budget Examples New Apartment Example - (16,000 sf, 48 beds, 333 sf/bed) Site Prep/Construction Allowance Renovation $125 /sf Reserve 10.0% Escalation to 2018 bid 0.0% Subtotal Construction Technology FF&E A&E Services Hazardous Material Remediation Geotechnical Survey/Testing Subtotal Soft Costs
45,000 2,000,000 200,000 0 2,245,000
2.0% Construction 2.5% Construction 6.0% Construction Allowance 0.5% Construction
Total Project
44,900 56,125 134,700 0 11,225 246,950 $2,491,950
New North Village Example (2,500 sf each House, 8-12 beds, 250 sf/bed) Site Prep/Construction Allowance New Construction $124 /sf Reserve 10.0% Escalation to Est. Bid 2019 5.0% Subtotal Construction Technology FF&E A&E Services Hazardous Material Remediation Geotechnical Survey/Testing Subtotal Soft Costs
Furnished Apt
2.5% 3.5% 6.0% 0.0% 0.5%
45,000 310,000 31,000 17,050 403,050
Construction Construction Construction
10,076 14,107 24,183 0 2,015 50,381
Construction
Total Project x8 houses
Includes courtyard
Furnished House
Technology FF&E A&E Services Hazardous Material Remediation Geotechnical Survey/Testing Subtotal Soft Costs
Allowance $160 /sf 10.0% 5.0% 2.5% 3.5% 6.0% 0.0% 0.5%
Construction Construction Construction Construction
Total Project
750,000 9,280,000 928,000 510,400 11,468,400 286,710 401,394 688,104 0 57,342 1,433,550
Technology FF&E A&E Services Hazardous Material Remediation Geotechnical Survey/Testing Subtotal Soft Costs
2.5% Construction 3.5% Construction 6.8% Construction Allowance 0.5% Construction
Total Project
$453,431 $3,627,450
Sol-Saker/Tuve Addition Example (Approx 58,000 sf, 200 beds, 290 sf/bed) Site Prep/Construction New Construction Reserve Escalation to Est. Bid 2019 Subtotal Construction
Renovation Tuve Example (Approx 40,000 sf, 121 beds, 330 sf/bed) Site Prep Allowance Renovation $90 /sf Reserve 10.0% Escalation to Est. Bid 2020 9.0% Subtotal Construction
Includes courtyard
Rooms and Commons
30,000 3,600,000 360,000 359,100 4,349,100 108,728 152,219 293,564 80,000 21,746 656,256
Common Areas Only
$5,005,356
Renov Bergsaker/Solberg Ex (Approx 55,000 sf each, avg 225 beds, 245 sf/bed) Site Prep Allowance 30,000 Renovation $100 /sf 5,500,000 Reserve 10.0% 550,000 Escalation to Est. Bid 2020 9.0% 547,200 Subtotal Construction 6,627,200 Technology FF&E A&E200 Services 1300 260000 Hazardous Material 10000 35 Remediation 350000 Geotechnical Survey/Testing Subtotal Soft Costs Total Project (Avg for each Hall)
2.5% Construction 7.0% Construction 6.8% Construction Allowance 0.5% Construction
165,680 463,904 447,336 80,000 33,136 1,190,056
Rooms and Commons
$7,817,256
$12,901,950
Figure 2.2: BUDGET EXAMPLES Renovation Tuve Example (Approx 40,000 sf, 121 beds, 330 sf/bed) Site Prep Allowance Augustana University Student Housing Master Plan Update Renovation $90 /sf Reserve 10.0%
30,000 3,600,000 360,000
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