Problem Conceptual Estimating

You are to prepare a feasibility study for a $47,000$ SF school slated to start construction in the summer of $2020$

in San Antonio.

Your firm has a past school project of $68,000$ SF built in $2010$ for $ $8,200,000\mathrm{.}00$ in Houston.

The following data is available to you in helping to estimate the total project cost for the proposed school.

$$ Annual escalation rate: $3\mathrm{.}144\%(0\mathrm{.}03144)$

$$ City Cost Indexes: Houston$=86\mathrm{.}2$; San Antonio$=78\mathrm{.}4$

$$ For size correction, m$=0\mathrm{.}78$