Saint Andrews Condominiums

January 7, 2008

Estimated Project Hours

Design / Permitting = 28 weeks total

Schematic Design = 5 weeks

-  Preliminary design completion = 30 hours

-  Preliminary documentation completion = 80 hours

-  (E) conditions = 20 hours

-  Project Coordination – 6 hrs x 4 weeks = 24 hours

-  Design Administration – 4hrs x 4 weeks = 16 hours

-  Research/ Specifications – 4hrs x 4 weeks = 16 hours

Total = 186 hours

Design Development/ Construction Documents = 18 weeks total

-  DD/CD design and Documentation - 25 hrs x 18 weeks = 450 hours

-  Project Coordination – 6 hrs x 18 weeks = 108 hours

-  Design Administration – 4hrs x 18 weeks = 72 hours

-  Research/ Specifications – 4hrs x 18 weeks = 72 hours

-  Misc. – 1 hr x 18 weeks = 18 hours

Total = 720 hours

Specifications/ Permitting = 6 weeks total

-  Research/ Specifications – 30 hrs x 4 weeks = 120 hours

-  Permitting/ City coordination – 30 hrs x 2 weeks = 60 hours

-  Design Administration – 4hrs x 6 weeks = 24 hours

-  Research/ Specifications – 4hrs x 6 weeks = 24 hours

Total = 228 hours

Total Design / Permitting Hours = 1,134 hours x $60.00 = $68,040

Design Contingency = 100 hours x $60.00 = $6,000

Profit = $68,040 x 10% = $6,800

Construction Administration

-  CA – 16 hrs x 47 weeks = 750 hours x $60.00 = $45,000

-  CA Contingency = 80 hours x $60.00 = $4,800

-  Profit = $45,000 x 10% = $4,500

Total = $135,140