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This is a very effective way of accurately budgeting for the future. Using <br /> only the lowest previous bid would almost certainly lead to an estimate that is <br /> too low. <br /> Administrative / Management / Supervision Costs <br /> Administration of this project is not being charged to this project. If <br /> administrative costs were being charged to this project, the project would be <br /> significantly more expensive. <br /> Administrative costs typically range between 15 and 25 percent of the <br /> total cost of a project. The Administration and Supervision line items in a budget <br /> I prepared during 1998 for a reclamation project totaled 20 percent. At 15 to 25 <br /> percent, administration for this $3 million project would be anticipated to cost <br /> between $450,000 and $750,000. For the DMG's portion of the project, $2.2 <br /> million, administration would be anticipated to cost between $330,000 and <br /> $550,000. <br /> A letter from the Director of the DMG to CVEPA dated January 15, 1999 <br /> indicates that $300,000 in salaries directly related to Project Management had <br /> been expended on this project between July 1 , 1994 and December 31 , 1998. <br /> This value includes fringe benefits but does not include office rental and utilities, <br /> supplies, phone, transportation, and per diem travel expenses. A follow-up <br /> letter from the DMG dated March 31 , 1999 detailed the expenses associated <br /> with the project as shown in the following table. <br /> Additional Administrative Expenses <br /> • Office Rental and utilities $6,100 <br /> • Phone $12,350 <br /> • Transportation $26,300 <br /> • Per Diem $8,200 <br /> 4 <br />