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<br />Prepared by: Bolton & Menk, Inc. ESTIMATED COSTS <br />Jackson Street Improvements ǀ 0N1.125375 Page 4 <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 10% factor for contingency, a 25% factor for <br />indirect costs (engineering, legal, administration, and finance). <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 Project Costs <br />Proposed Improvements Jackson Street <br />Street $270,523 <br />Curb and Gutter $58,434 <br />Storm Sewer $61,741 <br />Watermain $13,656 <br />Sanitary Sewer $9,056 <br />Total Project Costs $413,411 <br /> *See Appendix B for Detailed Cost Estimate