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There are a few errors in your numbers. One to compare the square foot costs, RSMeans is looking at the building only. Parking is not included in their square foot costs. True that is a project cost, but they separate those cost out from sf building costs. Secondly, the example you are talking about is for a 45,000sf building. Sf costs go up as sf size goes down.
Now I made a mistake myself. I forgot to subtract escalation from the construction costs. I'm assuming that the construction cost was escalated to 2015 costs because that is when construction takes place. So to match this up with 2014 costs, we need to subtract about 1.5%. So that takes us from $306 in 2015 dollars to $301 in 2014 dollars.
So again higher than avg for a 25,000ft building but not outlandish. Especially at such an early stage of design. There is a lot of risk involved in estimating a project at this early stage. Ask too much and it doesn't get funded. Ask too little and you either have to come back and ask for more or reduce scope and end up with less than what is truly needed.
Finally for other than a rough back of the napkin estimate, RSMeans isn't so useful. So I'm assuming that the designers have a more detailed estimate than a quick look a sf cost guide.
With basically a 50 year old building, the odds that the classroom meet current standards as far as size, ventilation and safety are nill. Typically trying to renovation existing space to meet standards is either impossible or more expensive than building new.
A rough look at the numbers for the $10.2million is that it is within the range that it should be if you look at square foot construction costs. Remember that the $10.2million total includes contingency as well as $500k for parking.
Assuming there is 25% contingency on this (after all there is no design at this point) the cost comes down to $8.16million. If we take out the parking @ $500k, we’re down to $7.66million. The building is to be 25,000sf, so that’s roughly $306 per square foot.
Looking at the 2014 RSMeans Square Foot Cost Estimating Guide, a school lab of this size on average is about $250/sf with a typical range of $168.20 to $314.05 per s.f. It’s in the ballpark and it’s better to be a little high at a concept stage than being low and having to ask for additional funding if you come up short.
I don’t have children, so in a sense I could say there is no benefit to me. On the other hand as I am part of society, I prefer to live in a society where we give kids a chance to get a proper education.
Give a man a gun, he can rob a bank. Give a man a bank, he can rob the world.
I agree. Good business practice is to pay as little as possible and pass additional costs onto others. I applaud Wal-Mart and McDonald's in passing the costs of making up differences in what they pay to what it costs to live onto the tax payers.
I'm happy to support low wage workers at places like McDonald's and Wal-Mart by coughing up my part in the $7billion/year of taxpayer money that goes to them because their employers don't pay a living wage.
I agree! If only the article included paragraphs such as:
"The filings show that the network of politically active nonprofit groups backed by the Kochs and fellow donors in the 2012 elections financially outpaced other independent groups on the right and, on its own, matched the long-established national coalition of labor unions that serves as one of the biggest sources of support for Democrats."
"The left has its own financial muscle, of course; unions plowed roughly $400 million into national, state and local elections in 2012. A network of wealthy liberal donors organized by the group Democracy Alliance mustered about $100 million for progressive groups and super PACs in the last election cycle, according to a source familiar with the totals."
I found that information is this article: http://union-bulletin.com/news/2014/j...
2nd sentence of the story on the survery: This year’s survey will be administered by mail and online. It isn't a phone survey.
Love the last paragraph. I hope a follow up letter is posted explaining how Bush didn't get us into the Iraq War, didn't hand off the financial collapse to Obama, didn't destroy the Clinton surpluses and didn't contribute (doubled actually) to the national debt.
I hope this shooting and all the other shootings within the last few years doesn't cause our leaders to loose focus on the more important issue of Bengazi.
I'm curious to hear from other Republicans: How many of your agree with NamVet that Reagan was a closet Democrat?
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