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<br />:313 359 ~a]a ~ i/ 3
<br />2
<br />earmarked for Elementary No. ] 0 and programmed into the County's debt schedule can
<br />be used to cover the overage.
<br />Reduction Efforts
<br />The District has already taken major steps at reducing the project's cost and the overage
<br />that must be requested. Those reductions include:
<br />• Use of future GIP funds to pay for the site $1,142,000
<br />• Use of State of NC sales tax refund $ 450,000
<br />• Reduction in technology budget $ .333,563
<br />• Reduction in non-personnel startup budget $ 246,395
<br />• Reduction in furniture and equipment budget $ 52,500
<br />• Reduction in contingency fund budget 6 476
<br />Total $2,280,925
<br />The District takes its role as fiscal steward seriously. This reduction represents a 6%
<br />reduction in total project costs.
<br />Summary
<br />A summary of the bid costs and additional casts are provided below. We are requesting
<br />an additional $7,534,200 to complete this project.
<br />Total Building
<br />Multi•Prime Contract
<br />General Contractor $23,650,000
<br />HVAC $2,872,352
<br />Plumbing $1,719,470
<br />Electrical 51,640,241
<br />Sub Total $30,082,003
<br />Fees $2,162,500
<br />Nan-Personnel Start Up $500,000
<br />Technology $1,000,000
<br />Movable Furniture $600,000
<br />Contingency $750,000
<br />Land $3,531,697
<br />Total Contract 538,826,200
<br />IniedocalAgreement $
<br />27,800,000
<br />Addendum "B" _
<br />$1,900,000
<br />Addendum "B" Transportation $300,000
<br />Additional FUnding
<br />for La
<br />n
<br />d $1,142,000
<br />_
<br />_
<br />_
<br />Sales Tax/BUS Re
<br />fund __
<br />$500,000
<br />Total $31,642,000
<br />Fundino
<br />Contract 538,826,200
<br />_ _
<br />Off Slte Improvements 5350,000
<br />Sub Total 539,176,200
<br />Atldltlonal Funding Required $7,534,200
<br />Percent Overage from 31,642k 24%
<br />Percent Overage from 30,OOOk 25°/
<br />
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