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<br />Prepared by: Bolton & Menk, Inc. ESTIMATED COSTS <br />2023 Street Improvements (Sunset Court, Sunrise Dr, Spruce St) ǀ 0N1.127995 Page 8 <br />V. ESTIMATED COSTS <br />The estimated project cost to complete the improvements proposed herein are presented below. <br />These costs include estimated construction costs, a 15% contingency, 18% engineering, and <br />allowances for geotechnical investigations. <br />These cost estimates are based upon public construction cost information. Since the consultant has <br />no control over the cost of labor, materials, competitive bidding process, weather conditions, and <br />other factors affecting the cost of construction, all cost estimates are opinions for general <br />information of the client and no warranty or guarantee as to the accuracy of construction cost <br />estimates is made. It is recommended that costs for project financing should be based upon actual, <br />competitive bid prices with reasonable contingencies. <br /> <br />Table 1: Estimated Cost Summary <br />Item <br />Total <br />Estimated <br />Cost <br />Sunset Court Sunrise Drive Spruce Street <br />Streets $574,716.22 $207,352.18 $142,484.86 $224,879.19 <br />Sanitary Sewer $11,602.35 $3,256.80 $5,563.70 $2,781.85 <br />Water Main $119,823.10 $53,737.20 $31,346.70 $34,739.20 <br />Storm Sewer $45,988.73 $11,249.53 $0 $34,739.20 <br />Total $752,130.40 $275,595.71 $179,395.26 $297,139.44 <br /> <br /> <br /> <br />