Preliminary Construction Budget. Estimates of the Capital Costs summarized below include allowances for all design, labour, equipment and materials; shipping and handling; etc. required to complete the works. Included in the costs are direct and indirect costs, contingency, contractor margin and CCC related fees and expenses. General Assumptions are: The budget estimate provided is Conceptual and represents a Rough Order of Magnitude given stage of design and due diligence prior to “Go” decision. Given the elevated topography of the new terminal site in reference to the existing terminal building, and the strategic citing of the new terminal building, the footprint of the new terminal finish floor will closely match the proposed apron geodetic finish floor elevation, no provisions has been made to raise the new terminal building pad for flood surge protection. The rainwater cistern estimated to be at grade, standalone standard retention water tank and not incorporated into the design of the building structure. Standard unit rate applied for all renovation and re-purposing of the existing terminal, Repurposing of the existing terminal has been estimated it as lump sum allowance. Demolition and abatement of existing terminal has been estimated it as a lump sum allowance Estimate is predicated on linear option only. Budget estimate is conceptual and reflective of the conceptual drawings prepared by Xxxxx Associates dated Nov 21, 2014 and updated design brief dated Nov 27th The budget estimate is for the new terminal building proposal only, no provisions has been made for tenant fit-out works; early fit out work, re purposing, renovation of the existing terminal, while the new terminal is under construction. The budget estimate is for the new terminal building proposal only, no provisions has been made for fit out of commercial subconcessions. The equipment options that we have identified for pricing comply with TSA’s QPL and EU Standard 3 CEP for both baggage and passenger screening. Landscaping budget is an allowance only Standard 2 year warranty provided with no ever green provisions CCC team will have use of the existing building electrical service for temporary construction power. Utilization of the existing airport building for management office and meeting rooms. The Project site is ‘balanced’ and relatively flat to negate the need for engineered fill placement. The CCC Team will be granted full and unobstructed access to Marginal Wharf with direct access to the airfield service road. CCC Team will have use of project site for mobile readi-mix and or asphalt plant production. For performance security package we have assumed a standard structure for project financing. Not included in the costs summarized below are: Import taxes, levies and duties which are assumed waived as special project dispensation. Development, permitting and approval charges. Allowance for soil remediation. Tenant fit out; provisions have been made for the tenants to connect to all standard services and utilities. Airline dedicated operating system. Government agencies computers, monitors, printers, passport readers, associated software excluded under base budget. Provisions for extreme weather delays. Upgrade, repair, demolish and or reinstate any ancillary buildings and or structures within the airport landmass. Relocation and/or export excavated fill and spoils off site. Overtime and shift work provisions. Inflation until 2016 is covered under the cost estimate; beyond 2016 is provided for in the financial model escalation formula. A lump sum price including inflation throughout the construction period will be prepared during Phase 2 of the concept development. Phase 1 Development 2016 0000 0000 0000 0000 Total $ 58,000,000 $ 115,000,000 $ 45,000,000 $ 29,000,000 $ 10,000,000 $ 257,000,000 Phase 2 Development 2030 2031 2032 Total $ 8,700,000 $ 8,700,000 $ 8,600,000 $ 26,000,000 Phase 3 Development 2043 2044 Total $ 10,000,000 $ 10,000,000 $ 20,000,000 Major Maintenance Buildings 2020-2025 2026-2031 2032-2039 2040-2046 Total nil $1000k per year $3000k per year $2900k per year $ 6,000,000 $ 24,000,000 $ 20,300,000 $ 50,300,000 Major Maintenance Airfield 2030 2031 2043 2044 Total $ 15,000,000 $ 15,000,000 $15,000,000 $ 15,000,000 $ 60,000,000 Bermuda Airport Project Concept Summary Cost Phasing Bermuda Airport Project Concept Summary Cost Estimate Category LEVEL 1 Major Group Elements LEVEL 2 Group Elements Estimated Budget in USD A Total Substructure $18,000,000 X00 X00 Deep Foundation Building Foundation, Level 0 Construction $8,000,000 $10,000,000 B Total Shell $57,000,000 X00 X00 Incl. in B20 Incl. in B20 Superstructure Exterior Enclosure Curtain wall Roofing $26,000,000 $31,000,000 -$17,000,000 -$14,000,000 C Total Interiors $34,000,000 C10 Interior Construction $34,000,000 D Total Services $47,000,000 X00 X00 Incl. in D20 Incl. in D20 Incl. in D20 Incl. in D20 Conveying MEPFP Plumbing VAC Fire Protection Electrical $11,000,000 $36,000,000 -$6,000,000 -$11,000,000 -$1,000,000 -$18,000,000 E Total Equipment & Furnishing $29,000,000 F Total Special Construction & Demolition $7,000,000 F10 F20 Demolition Retrofit $3,000,000 $4,000,000 G Total Building Site work $57,000,000 G10 Site Improvements $40,000,000 Incl. in G10 Airside -$19,000,000 Incl. in X00 Xxxxxxxx -$21,000,000 G20 Site Electrical Utilities $17,000,000 H CCC Related Fees $8,000,000 Total Project Budget $257,000,000
Appears in 3 contracts
Samples: Airport Development Agreement, Airport Development Agreement, Airport Development Agreement
Preliminary Construction Budget. Estimates of the Capital Costs summarized below include allowances for all design, labour, equipment and materials; shipping and handling; etc. required to complete the works. Included in the costs are direct and indirect costs, contingency, contractor margin and CCC related fees and expenses. General Assumptions are: • The budget estimate provided is Conceptual and represents a Rough Order of Magnitude given stage of design and due diligence prior to “Go” decision. • Given the elevated topography of the new terminal site in reference to the existing terminal building, and the strategic citing of the new terminal building, the footprint of the new terminal finish floor will closely match the proposed apron geodetic finish floor elevation, no provisions has been made to raise the new terminal building pad for flood surge protection. • The rainwater cistern estimated to be at grade, standalone standard retention water tank and not incorporated into the design of the building structure. • Standard unit rate applied for all renovation and re-purposing of the existing terminal, Repurposing of the existing terminal has been estimated it as lump sum allowance. • Demolition and abatement of existing terminal has been estimated it as a lump sum allowance • Estimate is predicated on linear option only. • Budget estimate is conceptual and reflective of the conceptual drawings prepared by Xxxxx Associates dated Nov 21, 2014 and updated design brief dated Nov 27th • The budget estimate is for the new terminal building proposal only, no provisions has been made for tenant fit-out works; early fit out work, re purposing, renovation of the existing terminal, while the new terminal is under construction. • The budget estimate is for the new terminal building proposal only, no provisions has been made for fit out of commercial subconcessions. • The equipment options that we have identified for pricing comply with TSA’s QPL and EU Standard 3 CEP for both baggage and passenger screening. • Landscaping budget is an allowance only • Standard 2 year warranty provided with no ever green provisions • CCC team will have use of the existing building electrical service for temporary construction power. • Utilization of the existing airport building for management office and meeting rooms. • The Project site is ‘balanced’ and relatively flat to negate the need for engineered fill placement. • The CCC Team will be granted full and unobstructed access to Marginal Wharf with direct access to the airfield service road. • CCC Team will have use of project site for mobile readi-mix and or asphalt plant production. • For performance security package we have assumed a standard structure for project financing. Not included in the costs summarized below are: • Import taxes, levies and duties which are assumed waived as special project dispensation. • Development, permitting and approval charges. • Allowance for soil remediation. • Tenant fit out; provisions have been made for the tenants to connect to all standard services and utilities. • Airline dedicated operating system. • Government agencies computers, monitors, printers, passport readers, associated software excluded under base budget. • Provisions for extreme weather delays. • Upgrade, repair, demolish and or reinstate any ancillary buildings and or structures within the airport landmass. • Relocation and/or export excavated fill and spoils off site. • Overtime and shift work provisions. • Inflation until 2016 is covered under the cost estimate; beyond 2016 is provided for in the financial model escalation formula. A lump sum price including inflation throughout the construction period will be prepared during Phase 2 of the concept development. Bermuda Airport Project Concept Summary Cost Phasing Phase 1 Development 2016 0000 0000 0000 0000 Total $ 58,000,000 $ 115,000,000 $ 45,000,000 $ 29,000,000 $ 10,000,000 $ 257,000,000 Phase 2 Development 2030 2031 2032 Total $ 8,700,000 $ 8,700,000 $ 8,600,000 $ 26,000,000 Phase 3 Development 2043 2044 Total $ 10,000,000 $ 10,000,000 $ 20,000,000 Major Maintenance Buildings 2020-2025 2026-2031 2032-2039 2040-2046 Total nil $1000k per year $3000k per year $2900k per year $ 6,000,000 $ 24,000,000 $ 20,300,000 $ 50,300,000 Major Maintenance Airfield 2030 2031 2043 2044 Total $ 15,000,000 $ 15,000,000 $15,000,000 $ 15,000,000 $ 60,000,000 Bermuda Airport Project Concept Summary Cost Phasing Bermuda Airport Project Concept Summary Cost Estimate Category LEVEL 1 Major Group Elements LEVEL 2 Group Elements Estimated Budget in USD A Total Substructure $18,000,000 X00 X00 Deep Foundation Building Foundation, Level 0 Construction $8,000,000 $10,000,000 B Total Shell $57,000,000 X00 X00 Incl. in B20 Incl. in B20 Superstructure Exterior Enclosure Curtain wall Roofing $26,000,000 $31,000,000 -$17,000,000 -$14,000,000 C Total Interiors $34,000,000 C10 Interior Construction $34,000,000 D Total Services $47,000,000 X00 X00 Incl. in D20 Incl. in D20 Incl. in D20 Incl. in D20 Conveying MEPFP Plumbing VAC Fire Protection Electrical $11,000,000 $36,000,000 -$6,000,000 -$11,000,000 -$1,000,000 -$18,000,000 E Total Equipment & Furnishing $29,000,000 F Total Special Construction & Demolition $7,000,000 F10 F20 Demolition Retrofit $3,000,000 $4,000,000 G Total Building Site work $57,000,000 G10 Site Improvements $40,000,000 Incl. in G10 Airside -$19,000,000 Incl. in X00 Xxxxxxxx -$21,000,000 G20 Site Electrical Utilities $17,000,000 H CCC Related Fees $8,000,000 Total Project Budget $257,000,000
Appears in 1 contract
Samples: Airport Development Agreement
