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CHRIS-TEL CONSTRUCTION, INC.
                                Gasparilla Inn Beach Club Renovation Option

                                                  Concept Budget Estimate

                                                        October 19, 2017
                                                                                            Renovate
                                                                                            Gulf Room     3,250
                                                                                             Dining       AC
                                                Description                                  Budget     S/F Cost
                BUILDING DEMOLITION & RELOCATION                                                 26,373      0.00
                CONCRETE & MASONRY                                                                3,500      1.08
                STRUCT STL, JOIST, DECKING & MISC STEEL                                           2,500      0.77
                CARPENTRY, SIDING, TRIM & INSTALL OF FRAMES/DOORS/HDW                            21,000      6.46
                ARCHITECTURAL CABINETS & TOPS                                                    10,000      3.08
                WATERPROOFING                                                               Not Required     0.00
                BUILDING INSULATION                                                              15,000      4.62
                ROOFING, SHEET METAL & SPECIALTIES                                               90,000     27.69
                CAULKING & SEALANTS                                                               3,500      1.08
                WOOD DOORS                                                                        3,000      0.92
                DOOR HARDWARE                                                                     2,500      0.77
                STOREFRONT, CURTAIN WALL, GLASS & GLAZING                                       102,000      0.00
                STUCCO, DRYWALL & METAL FRAMING                                                  23,100      7.11
                ACOUSTICAL CEILINGS & TREATMENTS                                                 45,000     13.85
                FLOORCOVERINGS (TILE, WOOD, CARPET, ETC.)                                        48,750     15.00
                PAINTING & STAINING                                                              36,000     11.08
                SPECIALTIES                                                                        750       0.23
                SIGNAGE (BY OWNER)                                                             By Owner      0.00
                PROJECTION SCREENS                                                                3,300      1.02
                WINDOW TREATMENTS                                                              By Owner      0.00
                FIRE SPRINKLERS                                                                   3,500      0.00
                PLUMBING                                                                          2,500      0.77
                HVAC                                                                             10,000      3.08
                ELECTRICAL & SYSTEMS                                                             45,000     13.85

                   SUB TOTAL                                                                    497,273    153.01
                BUILDERS RISK INSURANCE                                                        By Owner      0.00
                GENERAL LIABILITY                                                                 5,835      1.80
                GENERAL CONDITIONS                                                               60,000     18.46
                BUILDING PERMIT COST                                                           By Owner      0.00
                IMPACT FEES & PRIMARY UTIILITY COSTS                                           By Owner      0.00
                CONTINGENCY  (10%)                                                               49,727     15.30
                CMAR FEE 5%                                                                      28,155      8.66
                P & P BOND                                                                        7,311      2.25

                   TOTAL                                                                       $648,302    199.48
                NUMBER REQUIRED                                                                     x1
                   GRAND TOTAL                                                                 $648,302

                COST PER GROSS AREA    *(3,250 SF GROSS AREA)                                             $199.48
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