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RACANELLI CONSTRUCTION SOUTH, INC. 4 <br /> OC VISITORS BUREAU Value Engineering 9/23/2020 <br /> By: Peter Muzzillo <br /> Description Savings Comment <br /> Eliminate tile demo and major floor prep excludes <br /> tile demo at bar $ (4,200.00) <br /> Add carpet in lieu of LVT at 006 HOSPITALITY, 007 <br /> STORAGE, 010 WORK ROOM, 014 UTILITY, 015 $ (630.00) <br /> Metal framing in lieu of wood framing $ (1,800.00) limited to new wall construction <br /> Delete floor boxes at 001 LOBBY $ (1,300.00) <br /> Keep existing water heater $ (1,000.00) Assuming exisitng HWH is in good working <br /> Economical Light Fixtures $ (500.00) <br /> Sub Total VE Savings $ (9,430.00) <br /> Contract Amount $ 276,000.00 <br /> New contract amount $ 266,570.00 <br />