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NISN Cost Estimating Template
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General Notes
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1. Order of magnitude cost opinion for planning and comparison purposes only
AMAKTOOLIK STUDIOS
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2. Unit costs are based on general educational construction cost indices. Apply local market adjustments.
Denver, CO
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3. Adjust annual escalation to reflect current construction market conditions
720.891.0480
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4. Determine if project is a Renovation, Addition & Renovation, or New Construction
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5. Enter actual site and building area square feet in yellow highlighted cells on lines 19 and 26.
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6. Formulas will auto calculate the Budget column for lines 19, 26, 51, 53, 67, and 69
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August 10, 2022
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OPINION OF PROBABLE PROJECT BUDGET & SCHEDULE COMPARISON
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RenovationAddition & RenovationNew ConstructionNotes
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Hard Costs - Construction (75% of Total Project Budget)SF $/SF Budget SF $/SF Budget SF $/SF Budget
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Site Work175,000$5.00$875,000175,000$7.50$1,312,500175,000$10.00$1,750,000Approximate 4-acre site
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Site preparation
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Site improvements
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Site utilities
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Demolition
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General requirements
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Building50,000$125.00$6,250,00050,000$175.00$8,750,00050,000$225.00$11,250,000K-5 educational program (50,000 SF)
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Foundations
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Basement construction
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Superstructure
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Exterior enclosure
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Roofing
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Interior construction
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Stairs
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Interior finishes
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Conveying
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Plumbing
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HVAC
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Fire protection
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Electrical
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Furnishings
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Special construction
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General requirements
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Subcontractor insurance
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General conditions
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General liability insurance
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Builders risk insurance
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Sales tax
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General Contractor fee
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Subtotal Construction Cost 225,000$31.67$7,125,000225,000$44.72$10,062,500225,000$260.00$13,000,000
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Soft Costs (25% of Total Project Budget) 33%$2,351,25033%$3,320,62533%$4,290,000
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Geotechnical report
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Site survey
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Environmental assessment/clearance
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Hazardous materials assessment/removal
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Owner representative
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Architectural & Engineering
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Furniture/Fixtures/Equipment
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Materials testing
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Building permit
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Building inspection
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Utility/tap fees
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Subtotal Construction & Soft Cost Budget$9,476,250$13,383,125$17,290,000
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Project Contingency - 10% 10%$947,62510%$1,338,31310%$1,729,000
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Total Estimated Opinion of Project Budget $10,423,875$14,721,438$19,019,000
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Annual Escalation4.0%$416,9554.0%$588,8584.0%$760,760
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