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BHS.100 Building Replacement - Cost Estimate and Value Engineering

This document provides information on the cost estimate progression and value engineering for the BHS.100 building replacement project. It includes details on revised total project cost estimates, essential renovations budget balance, and next steps.

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BHS.100 Building Replacement - Cost Estimate and Value Engineering

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  1. BHS 100 BUILDING REPLACEMENT Board Meeting 07.25.19 00 BISD Capital Projects

  2. BHS 100 Building Replacement Agenda BISD Capital Projects • Cost Estimate Progression • Bond 2016 - August 2019 • Revised Total Project Cost Estimate • June 2019 • Value Engineering • Revised Total Project Cost Estimate • July 2019 • Essential Renovations Budget Balance • Next Steps • Questions ??? Board Meeting 07.25.19

  3. BHS 100 Building ReplacementCost Estimate Progression BISD Capital Projects Board Meeting 07.25.19

  4. Design Development (DD) Est. (GMP) $ 27,832,388 GMP Amendment #1 -Approved$ - 1,131,542 GMP Amendment #2 -Approved$ - 8,465,230 Remaining Balance to Bid 66% $ 18,235,616 Revised GMP Cost Estimate (JUNE 2019) Construction Documents 90% (CD) $ 29,670,794 Design Development (DD) Est. (GMP) $ - 27,832,388 GMP Estimate Increase June 2019 $ 1,838,406 Total Project Cost Estimate Incl. Soft Costs $ 40,926,324 BHS 100 Building ReplacementGuaranteed Maximum Price (GMP) Contract AmendmentsRevised Total Project Cost Estimate June 2019 BISD Capital Projects Board Meeting 07.25.19 34%

  5. Replace concrete panels with metal siding at two locations on façade • Use sheathing product with an integrated weather resistive barrier • Use single doors instead of double doors at vestibules • Remove dividing wall in Innovation Lab • Replace ornamental fencing with chain link fencing • Replace display case with HM re-lite between band and commons • ACT modifications • Reduce acoustic deck • Reuse skylights from Blakely • Replace light monitor at server with two skylights • Reduce glazing at art light monitor • Reduce plywood BHS 100 Building Replacement Value Engineering BISD Capital Projects Board Meeting 07.25.19

  6. Design Development (DD) Est. (GMP) $ 28,810,164 GMP Amendment #1 -Approved$ - 1,131,542 GMP Amendment #2 -Approved$ - 8,465,230 Remaining Balance to Bid 66% $ 19,213,392 Revised GMP Cost Estimate (JULY 2019) Construction Documents 90% + VE $ 28,810,164 Design Development (DD) Est. (GMP) $ - 27,832,388 GMP Estimate Increase July 2019 $ 977,776 Total Project Cost Estimate Incl. Soft Costs $ 39,919,865 BHS 100 Building ReplacementGuaranteed Maximum Price (GMP) Contract AmendmentsRevised Total Project Cost Estimate July 2019 with VE BISD Capital Projects Board Meeting 07.25.19 34%

  7. $36,601,245 EXCLUDING THE FOLLOWING: Pre Educational Specifications Pre Conditional Use Permit (CUP) Pre Storm Water and Water Quality Requirements Pre Construction Methodology – Design Bid Build VS GC/CM Unforeseen Conditions Construction Timeline/Phasing $39,919,865 BHS 100 Building ReplacementMay 2018 – Cost Model BISD Capital Projects Board Meeting 07.25.19 $8M-$10M Projection $2,000,000 Interest + $2,348,283 State Match + $5,571,582 Levy 2019 = $9,919,865 + $30M Bond 2016

  8. EXPENDITURES 90% Construction Documents (CD) Plus Value Engineering Estimate GMP – July 2019 $ 28,810,164 Soft Costs $ 11,109,701 Total Project Cost Est. July 2019$ 39,919,865 REVENUE Bond 2016$ 30,000,000 Interest $ 2,000,000 State Match $ 2,348,283 2019 Levy$ 5,571,582 $ 39,919,865 Total Essential Renovation 06.30.19 Including 2009/2016/2019 Funds $ 12,922,389 BHS 100 Building ReplacementEssential Renovations Budget Balance BISD Capital Projects Board Meeting 07.25.19

  9. Next Steps • Bid Package 4.0 July 25 • Masonry • Siding • Roofing • Glazing • Doors and Hardware • Drywall • Paint • Tile • Floor Covering BISD Capital Projects • Equipment • Casework and Finish Carpentry • Fire • Mechanical • Electrical • Site Concrete • Asphalt • Landscape Board Meeting 07.25.19 Bid Opening August 15 Board Approval Final GMP August 29

  10. BISD Capital Projects • QUESTIONS Board Meeting 07.25.19

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