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Task 8 - CHAPTER VI, Estimated Costs <br />Cost estimates shall be made at different stages of the design process for <br />this project to aid in evaluating alternatives developed under Task 7. Cost <br />estimates shall be represented in tabular form showing item of payment, <br />quantity, unit, unit cost, and line total, as well as a grand total. Where <br />appropriate, the development of unit costs shall be discussed. A contingency <br />allowance of 25 percent shall be included in the cost estimate developed for <br />each of the alternatives being considered to cover miscellaneous and unlisted <br />items beyond the scope of the reconnaissance -level design. A contingency <br />allowance of 15 percent shall be included in the cost estimate for the chosen <br />alternative, again to cover miscellaneous costs beyond the scope of a <br />feasibility level study. <br />The cost estimates developed at each level of design shall be summarized in a <br />table entitled "Summary of Estimated Pro' Cost." The final version of this <br />table for the feasibility report shal'Vy' ize the cost of the most feasible <br />alternative as determined by the City ar WE <br />An estimate of future cost escal.ati iqa are expected to occur between the <br />date of the estimate and the 44r of the construction contract shall be <br />developed and addressed in the final report. Escalations shall be <br />specifically identified in the cost summary as "projected price increase ". <br />Total project costs shall also include an estimate of the amount of interest <br />during construction (if any) that the City shall be required to pay. <br />Engineering costs for final design and construction management and <br />administration shall also be included. <br />A schedule of funds required during the construction period shall be <br />developed. This schedule shall show quarterly expenditures during the <br />construction period. <br />A table shall be developed showing annual operation, maintenance and <br />replacement costs, with and without this project. The tabulation shall <br />include quantities and costs for personnel, material, supplies, equipment and <br />administration. If a reserve fund for replacement of structures or equipment <br />- 13 - <br />