Orange County NC Website
Browse       Search
29 <br /> <br />o Fertilizer Storage <br />o Bulk Material Storage <br /> <br />Northern Campus Bidding and Value Engineering <br /> <br />• Bidding and Value Engineering <br />-850 Firms Solicited <br />-36 Bid Packages <br /> 19 Bid Packages Customized for Small and Minority Owned Businesses <br />-21% of Cost of Work Contracted to Minority Owned Businesses <br /> State Requirement is 10% <br />-$466,000 Value Engineering Reductions Identified <br /> <br />Northern Campus Guaranteed Maximum Price <br /> <br />Guaranteed Maximum Price Components <br />Subcontractor Bids – Cost of Work $ 30,154,056 <br />Subcontractor Allowances $ 1,115,891 <br />General Conditions $ 1,184,693 <br />CM Allowances and Tap Fees $ 533,000 <br />Building Permit $ 81,000 <br />Owner's Contingency – Owner Directed <br />Changes $ 600,000 <br />CMAR Contingency – Unknown Project <br />Costs (2%) $ 625,399 <br />Early Completion Bonus – 1% Cost of Work $ 342,940 <br />CMAR FEE – 3.75% Cost of Work $ 1,286,026 <br />Bonds and Insurance – 1.2% Cost of Work $ 431,077 <br />TOTAL GUARANTEED MAXIMUM PRICE $ 36,354,082 <br /> <br />Northern Campus Development Budget Comparison <br /> <br />Budget Model #1 with Cost Controls <br />Subcontractor Bids $ 30,154,056 $ 30,154,056 Subcontractor Allowances $ 1,115,891 $ 836,918 25% Reduction <br />General Conditions $ 1,184,693 $ 1,184,693 <br />CM Allowances and Tap Fees $ 533,000 $ 399,750 25% Reduction <br />Building Permit $ 81,000 $ 81,000 Owner's Contingency #1 $ 600,000 $ 300,000 50% Reduction <br />CMAR Contingency $ 625,399 $ 312,700 50% Reduction <br />Early Completion Bonus $ 342,940 $ 342,940 CMAR FEE $ 1,286,026 $ 1,286,026