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<br />Prepared by: Bolton & Menk, Inc. ESTIMATED COSTS <br />2024 Country Drive Improvements ǀ 0N1.125375 Page 5 <br />VI. 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 3 – Estimated Project Costs <br />Proposed Improvements Country Drive <br />Street $701,000 <br />Storm Sewer $133,515 <br />Sanitary Sewer $2,444 <br />Watermain $2,947 <br />Total Project Costs $839,906 <br /> *See Appendix B for Detailed Cost Estimate