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(�"2 8 -28 I Normal Public Construction Costs in the ADDlicant's Area a romrynewaoreryoundmg or Construction Cost Index Approach: To justify the eligible projected construction cost estimate for new construction, applicants shall complete the following: 1) January 2002 current costs per square foot: A. For new facilities: $202 ISF B. For square footage added to an existing building, i.e. "expansions ": $238 ISF Multiply the appropriate County Locality adjustment Factor (29) by the appropriate now cost per square foot figure (2C) (See section 2036 (c) (1) to obtain the "Locally Adjusted Construction Cost per Square Poor' figure (21t): County Locality Appropriate 2)A County: > San Mateo B. Adjustment Factor:> 1.14 X C. New CostISF:> $ 202 ISF = D. > $ 230 ISF Name of Project County (Select: lA or 113) anni U7 X_ 202 ISF 216 ISFI Locally Adjusted Construction Cost Per Square Foot: > $ 230 ISF (Reenter Line 2D) The "Locally Adjusted Construction Cost per Square Foot" (3A) figure may be increased by 115 percent per month for each month from January 1, 2002, through to the estimated mid -point of construction of the project. Multiply the number of months (4A) times .002 (115%) to gat an inflation factor (49). Multiply the Inflation factor (49) times the "Locally adjusted Construction Costper Square Foot" figure (4C) to get an Additional Cost per Square Fool' figure (40) Number Inflation Locally Adjusted Additional$ISF 4) A. of Months:> 56 X.002 = B. Factor: > . 112 X C. Construction $ISF: > $ 230 ISF = D. > $ 26 ISF (Reenter 3A) n it Add the resulting "Additional Cost per Square Fool' figure (SA) to Me "LocalyAdjusted Construction Costper Square Foot" figure (59) to get the "Eligible Projected Construction Cost per Square Fool' figure (5q: Additional Locally Adjusted Eligible Projected 5) A. Cost/SF: > $ 26 ISF + B. Construction $ISF: > $ 230 ISF = C. Construction $ISF: > $ 256 ISF (Reenter 4D) (Reenter 4C) iw ,, The total "Eligible Projected Construction Cost' for the project is calculated by multiplying the "Eligible Projected Construction Cost per Square Foot" figure (5C) by the total number of square feet of new construction: The Eligible Projected Construction $ISF: > $ 256 ISF Multiplied By (Reenter 5C) The Square Footage of New Construction: > 22,558 SF Equals The Eligible Projected Construction Cost: > $ 5,774,848 If the projected construction cost estimated by the project architect is lower than the figure in Line 8, the applicant shall use the lower figure as the normal public construction cost in the applicant's area. A 10% project confingency amount is allowed and is calculated by multiplying the total Eligible Projected Construction Cost by 10 %: g) Eligible Contingency: (10% of Line 8) > $ 577,485 Version 1.3 (5/30/02)