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schedule, thirty-two bid packages were released for bidding on January 17, 2022 with received
<br /> bids opened on February 9, 2022. Unfortunately, several bid packages could not be opened on
<br /> that date due to insufficient bidding by members of the construction community.
<br /> Re-bidding of those deficient packages began on February 10, 2022 and were opened on
<br /> February 17, 2022. The tabulation of all of the bid packages has produced a tentative
<br /> Guaranteed Maximum Price of $34,692,067 (Attachment 3). This GMP is $9,385,731 over the
<br /> March 2021 revised approved construction budget of $25,306,336. Orange County's share of
<br /> the construction costs rose from $14,232,856 to $19,202,063, an increase of $4,969,207 over
<br /> the March 2021 budget adjustment. See Chart #2 below for more details:
<br /> Chart #2
<br /> Town Orange County Total
<br /> Revised Construction Budget(March 2021) $11,073,480.00 $14,232,856.00 $25,306,336.00
<br /> Project GMP(tentative) $15,490,004.00 $19,202,063.00 $34,692,067.00
<br /> Estimated Additional Funds Needed $4,416,524.00 $4,969,207.00 $9,385,731.00
<br /> The escalation of construction costs can be attributed to the unprecedented supply chain
<br /> disruptions and labor shortages associated with the ongoing COVID 19 pandemic. While all
<br /> sub-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
<br /> and is expected to provide a final GMP by March 7, 2022. An agenda item requesting final
<br /> review of 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
<br /> and 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.FFE&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
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