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<br /> components of the construction budget experienced some escalation in the range of 3-5%,
<br /> several areas stand out for their outsized contribution to the overall escalation:
<br /> • Glass and Glazing increased 84% from $800,000 to $1,470,000.
<br /> • Drywall and metal studs increased 40% from $999,000 to $1,398,609.
<br /> • Electrical costs increased 36% from $2,900,000 to $3,946,000.
<br /> Barnhill Contracting Company is now in the process of reviewing and revising these numbers and
<br /> is expected to provide a final GMP by March 7, 2022. An agenda item requesting final review of
<br /> the project GMP is scheduled for the Board's March 15, 2022 Business meeting.
<br /> A total project cost based upon this tentative GMP, including design fees, Furniture, Fixtures and
<br /> Equipment (FFE) and contingencies, is shown below:
<br /> 03/01/22 Total Project Budget(Updated with GMP)
<br /> Town Orange County Total
<br /> A.Construction
<br /> Total Construction&CMAR $15,490,004.00 $19,202,063.00 $34,692,067.00
<br /> B.Design
<br /> Architectural Fees(Ratio of CBO/OC Sq. Ft. =44.52/55.48) $752,074.13 $937,220.87 $1,689,295.00
<br /> Supp.Architectural Fees(Ratio of CBO/OC Sq. Ft. =44.52/55.48) $252,784.56 $315,015.44 $567,800.00
<br /> $1,004,858.69 $1,252,236.31 $2,257,095.00
<br /> C.HE&Contingency
<br /> Furniture,Fixtures and Equipment(FF&E) $1,688,850.00 $802,225.00 $2,491,075.00
<br /> Owner's Contingency(5%) @ Ratio of CBO/OC 44.52/55.48 $772,245.00 $962,358.00 $1,734,603.00
<br /> Subtotal FFE&Contingency $2,461,095.00 $1,764,583.00 $4,225,678.00
<br /> TOTAL Project Budget $18,955,957.69 $22,218,882.31 $41,174,840.00
<br /> FINANCIAL IMPACT: Orange County's share of the project construction budget overrun is
<br /> approximately $4,968,033. Project Owner's Contingency, based upon a 5% of the GMP, rose
<br /> from $530,050 to $962,358, an additional $432,300. Total construction financial impact is
<br /> $5,400,333. Additional operating costs for the new Library are currently estimated to be $537,670
<br /> in the first full year of operation. Final consideration of next steps is scheduled for the Board's
<br /> March 15, 2022 Business meeting.
<br /> SOCIAL JUSTICE IMPACT: The following Orange County Social Justice Goals are applicable
<br /> to this item:
<br /> • GOAL: FOSTER A COMMUNITY CULTURE THAT REJECTS OPPRESSION AND
<br /> INEQUITY
<br /> The fair treatment and meaningful involvement of all people regardless of race or color;
<br /> religious or philosophical beliefs; sex, gender or sexual orientation; national origin or ethnic
<br /> background; age; military service; disability; and familial, residential or economic status.
<br /> • GOAL: ENSURE ECONOMIC SELF-SUFFICIENCY
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