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Z B- Comparable Public Construction Approach: As an alternate to the Construction Cost Index approach to estimating normal construction costs in the applicants area, the applicant may employ a local public construction cost comparison approach to calculate the Eligible Projected Construction Cost figure . [See section 20436 (c) (3)[. List a minimum of three comparable public construction projects that have been bid within the applcents County within three years of the Board's deadline for application. Comparable public construction projects am public libraries, community colleges, post offices, museums, courthouses, city halls, auditoriums, convention centers, civic centers, senior citizens centers, public schools, and recreation centers. The costs listed shall be for construction of the building only and exclusive of any site acquisition, demolition, development, ul lifies, or landscaping; surface and under building parking; works of art; shelving; furniture; bulb -In service desks, counters, workstations, or other casework; movable equipment; or architectural and engineering fees. Construction Proiect Date Bid Cost/SF Example A. > $ ISF B. > $ ISF C. > $ ISF 220 D. > $ ISF 1 ISF E. TOTAL > $ ISF $ 660 ISF 10) Locally Determined Comparable Cost per Square Foot ($ISF): > $ ISF Divided by > _ > $ 0 ISF Re -enter Line E N of Projects Locally Determined Comparable Cost per square Foot iwzatn* -4 660 ISF r The "Locally Determined Comparable Cost per Square Foot" (10) 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 (11A) times. 002(115%) to get an Inflation factor (1111). Multiply the inflation factor (11B) times the "Locally Determined Comparable Cost per Square Foor' figure (11C) to get the Addidonal Costper Square Foot" figure (11D): Number Inflation Locally Determined 11) A. of Months: > _ X .002 = B. Factor: > X C. Comparable $ISF: > 0 ISF = D. > $ ISF (115 %) (Re-enter 1(l) Adding the resulting Additional Cost per Square Froot" figure (12A) to the "Locally Determined Construction Costper Square Foot" figure (12B) gives the "Eligible Projected Construction Cost per Square Foot' figure (12C): Additional Locally Determined Eligible Projected 12) A. Cost[SF: > $ ISF + B. Construction $ISF: > 0 ISF = C. Construction $ISF: > $ ISF (Re-enter 11D) (Re-enter 11C) The "Eligible Projected Construction Cost" is calculated by multiplying the "Eligible Projected Construction Cost per Square Foot' figure (12C) times the square footage of new construction: 13) The Eligible Projected Construction $ISF: > $ ISF Multiplied By (Re-enter 12c) 14) The Square Footage of New Construction: > SF Equals 15) The Eligible Projected Construction Cost: > $ If the projected construction cost estimated by the project architect is lower than the figure in Line 15, the applicant shall use the lower figure as the normal public construction cost in the applicant's area. A 10% project contingency amount is allowed and is calculated by multiplying the total Eligible Projected Construction Cost by 10 %: 16) Eligible Contingency: (10% of Line 15) > $ Version 1.3 (5/30/02) 24