Page 288 - Mines Facilities Plan
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Building costs: foundation, substructure, superstructure, exterior closure,
roofing, interior construction, stairs, interior finishes, conveying systems,
plumbing, HVAC, fire protection, electrical, equipment, furnishings, site
The master planning team process utilized the following assumptions. Total
Future Construction Costs, prepared at an order-of-magnitude and per-
Site costs: demolition/site preparation, earthwork, hardscape, lawn,
Project Cost is the sum of Future Construction Cost and Contingency.
pedestrian lighting, site amenities, landscaping, utilities
to 5-feet outside the building perimeter, demolition
Soft Costs include fundraising/financing, design and programming, and permits. The master planning team assumed Soft Costs to be 30 percent of Construction Costs (building + site). Contingency: 5 percent of Future Construction Costs for new construction, 10 percent for renovation. The high contingency is appropriate because the projects are not fully defined at the master plan-level. Assumptions of
COST ASSUMPTIONS square-foot level. — — — Escalation: assumes 4 percent/year — project to understand current program needs.
PROJECT COST ESTIMATES
appropriate for master planning and near-term project budgeting. The phasing
of master plan projects was influenced by estimated project costs as projects
The master planning team prepared order-of-magnitude project costs
were distributed to match the anticipated financial capacity of the University.
The specific costs for each project are listed on the next pages. Colorado School of Mines Facilities Master Plan
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