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The University of Alabama considers building a new resident hall to accommodate its growing enrollment. You are tasked with developing a preliminary budget for approval by the Board of Trustees. The information is as follows: . Gross square area: 160,000 SF Design features: 5-6 story high, reinforced concrete structure, with face brick on exterior . Construction start date: Jan. 2021 • Estimating method for construction: RS Means Square Foot Costs (the page for Jan. 2020 provided) Annual inflation rate: 5% . Building Cost Index reported in 2020: National -6000; Birmingham/Tuscaloosa - 4500 Additional cost items: . ● . o $500k for Utilities o $100k for Landscaping o $500k for Telecommunication. o 5% as Contingency (based on construction, landscaping, and utilities) o 4% for Architect/ Engineer Fee (based on construction, and utilities) o 2% for UA Project Management Fee (based on construction, landscaping, utilities, and contingency) o $200k for Geotechnical and Materials Testing o $50k for Other Fees (adverting, printing) COMMERCIAL/INDUSTRIAL/ INSTITUTIONAL Costs per square feet of floor area 1.1. Ar LE. Printr M.140 College, Dormitory, 4-8 Story RUMP AN ND BO ANKS Ha ma HE RESO 90000 35000 45000 45000 45000 11000 11000 100000 2000 400 440 son 240 500 260 20130204 305 70 213 30-3 305 2130 2161 242 A MA TREAT 20.30 TWEAR 10(a) Calculate the unit cost ($/sf) for construction as adjusted for project location and time (10-point) The University of Alabama considers building a new resident hall to accommodate its growing enrollment. You are tasked with developing a preliminary budget for approval by the Board of Trustees. The information is as follows: . Gross square area: 160,000 SF Design features: 5-6 story high, reinforced concrete structure, with face brick on exterior . Construction start date: Jan. 2021 • Estimating method for construction: RS Means Square Foot Costs (the page for Jan. 2020 provided) Annual inflation rate: 5% . Building Cost Index reported in 2020: National -6000; Birmingham/Tuscaloosa - 4500 Additional cost items: . ● . o $500k for Utilities o $100k for Landscaping o $500k for Telecommunication. o 5% as Contingency (based on construction, landscaping, and utilities) o 4% for Architect/ Engineer Fee (based on construction, and utilities) o 2% for UA Project Management Fee (based on construction, landscaping, utilities, and contingency) o $200k for Geotechnical and Materials Testing o $50k for Other Fees (adverting, printing) COMMERCIAL/INDUSTRIAL/ INSTITUTIONAL Costs per square feet of floor area 1.1. Ar LE. Printr M.140 College, Dormitory, 4-8 Story RUMP AN ND BO ANKS Ha ma HE RESO 90000 35000 45000 45000 45000 11000 11000 100000 2000 400 440 son 240 500 260 20130204 305 70 213 30-3 305 2130 2161 242 A MA TREAT 20.30 TWEAR 10(a) Calculate the unit cost ($/sf) for construction as adjusted for project location and time (10-point)
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Auditing and Assurance services an integrated approach
ISBN: 978-0132575959
14th Edition
Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley
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