LCI #10-2620 – Scottish Rite Cathedral Association, Bloomingdale, IL April 19, 2010 Page 2 of 11
number, to be used by the contractors when purchasing permanent or temporary materials for use in construction.)
8.0 Allowances – Allowances are included in the estimate. Allowances shall cover the total cost of material, labor, and equipment. This includes material delivery, unloading and handling at the site, installation costs, overhead, profit, and all other expenses contemplated for stated allowance. (List Allowances by component i.e. Site, Architectural, Structural, MEP etc.) Site 1. xxx .............................................................................................................................. $ .00
Architectural 1. xxx
.............................................................................................................................. $
.00
Structural 1. xxx
.............................................................................................................................. $
.00
MEP by system 1. xxx
.............................................................................................................................. $
.00
9.0 Alternates - Alternates shall cover the total cost of material, labor, and equipment. This includes material delivery, unloading and handling at the site, installation costs, overhead, profit, and all other expenses contemplated for stated alternate. 1. xxxx Add to Base Bid .................................................................................................................. $ 10,000.00 10.0 Estimate Baseline – The estimate is based on the following categories of cost. This forms the baseline for monitoring scope changes in the future. 1. Design Documents – Unless superseded by one of the following three categories, the design documents (as listed in the document list) are the basis of the estimate. 2. Agreed Upon Changes – During the process of preparing the estimate, the Architect/Engineer (A/E) and LCI may have agreed to modifications to the design originally documented in the A/E’s documents. For items in which this occurs, LCI estimated quantities and quality levels take precedence over the A/E’s documents as a basis for the estimate. 3. Allowances – In cases where the design has not been developed sufficiently to estimate quantities, a stipulated dollar allowance shall be the basis of the estimate. 4. LCI Assumptions – In cases where the design is inadequately defined on the A/E’s documents, LCI will make assumptions upon which to base cost. Since scope variances cannot be determined by comparing future design documents to A/E’s documents, LCI’s assumed quantities and quality levels, shall take precedence over the A/E documents as a basis of the estimate. 11.0 Inflation/Market Escalation – The estimate includes inflation and market escalation to account for changes in labor wage rates in the market place and material price inflation. Annual escalation rate is included as follows: Labor at ___%per year and Materials at ___% per year. Any excess surcharges or increases in material prices due to shortages or excessive raw material driven increases or wage increases that are higher than would normally be anticipated are not included in this estimate. OR USE The pricing contained herein is based on current construction costs and does not include any escalation.
12.0 Schedule – The estimate is based on (the attached construction schedule. {OR} the project commencing on x date and being substantially completed by x date)
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