Page 7 - Barr&Barr_Cost Proposal

ITEM AMOUNT

Cost of Work $ 2,526,500
General Conditions $ 3,983,579

Fee $ 130,911 2 %
Insurance - General Liability * $ 106,823 1.60 %
Insurance - Builders Risk $ 10,350 0.159 %

Bonds - SDI $ 35,478 1.35 %
Contingency $ 75,795 3 %

$ 6,869,436
Total Guaranteed Maximum
Cost (Total of Items)

* Conventional Trade Insurance, Workmens Compensation & Umbrella
5. BONDS

A. The Contractor shall state below the bonding program to be utilized for this
Project. (i.e. - subcontractor(s) bonds or bonding program). The Contractor shall include a copy
of the program terms and conditions for the Owner’s review. The cost, including percentage
rate, of all bonds and bonding programs, whether provided directly by the subcontractor or the
Contractor, require the prior written approval of Cornell University. Such rates shall be inclusive
of discounts and rebates:
Zurich Subguard Insurance Program (See Attached)
(Bonding Program or Carrier)

Conventional Trade Bonding %

Subcontractor Default Insurance Program, if proposed as a substitute for bonds.

1.35 % per $ = $ 35,478

Addendum No. 3 COST PROPOSAL FORM BF-5