Costs

Construction Cost

is primarily the cost of hiring a contractor, including materials, labor, general conditions and the contractor’s overhead and profit. As Town Meeting members may recall, the remodeling of a former typing classroom (1970s) into a present-day teacher workroom/meeting space was pulled out of Phase I scope and is now included in Phase II. The cost of this remodeling is approximately $105,000. With this component now included, the Construction Cost for Phase II of the McCall Expansion Project is now estimated at $7,275,736.

Construction Costs do not include all items and expenses needed to build a project. Contingencies for unforeseen issues, architecture/engineering fees, owner-provided items (such as furniture, fixtures and equipment), testing/inspectional services, builder’s risk insurance and project management costs are carried in the Project Cost. For this project, the Working Group, School Committee, EFPBC and Board support a Construction Contingency of 10% ($745,074) and Owner’s Contingency of 4.5% ($340,000). The design team’s fee to complete Construction Documents and see the project through completion is estimated at $875,000 at this time.