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<br />Preliminary Cost Estimate <br /> <br />The following is a preliminary capital cost estimate for the proposed <br />sewage facility. An allowance of 25% is added to the construction costs to <br />obtain a project cost estimate. The 25% additional percentage is approximately <br />allocated as: <br /> <br />Preliminary and Final Design <br /> <br />8.0% <br /> <br />Administrative and Overhead Expenses <br /> <br />1.5% <br /> <br />Legal and Financial Expense <br /> <br />1.5% <br /> <br />Construction Inspection and Survey <br /> <br />6.0% <br /> <br />Contingencies <br /> <br />8.0% <br /> <br />25.0% <br /> <br />Capital costs are summarized in the following table based on probable <br />1979 construction costs. <br /> <br />- 10 - <br />