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<br />, <br />, <br /> <br />-) <br /> <br />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 1 fne total. as well as a grand total. ~4here <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 />, <br />each of the alternati ves bei ng considered to cover 101 scellaneous and unl i sted <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 /> <br />The cost estimates developed at each level of design shall be sununarized ;n a <br />table entitled "Sul1lJ1ary of Estimated Project Cost." The final version of this <br />table for the feaSibility report shall sununarize the cost of the most feasible <br />alternative as detennined by the City and MKE. <br /> <br />An estimate of future cost escalations that are expected to occur between the <br />date of the estimate and the award 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 />Engi neeri ng costs for fi nal desi gn and constructi on management and <br />administration shall also be included, <br /> <br />A schedul e of funds requi red duri ng the constructi on peri ad shall be <br />developed. This schedule shall show quarterly expenditures during the <br />construction period. <br /> <br />A table shall be developed showing annual operation, maintenance and <br />replacement costs, with and without this project, The tabulation sh,1ll <br />include quantities and costs for personnel, material, supplies, equipment and <br />administration, If a reserve fund for replacement of structures or equipment <br /> <br />- 13 - <br />