HOTEL & CONVENTION CENTER
BIDS VARIANCE ANALYSIS May 24, 2006
| Estimated Cost | Low Bid | Firm | Variance | ||
| Abatement | $613,610 | $884,000 | A - First Capital Insulation | $270,390 | |
| Demolition | $1,719,758 | $1,360,000 | B - Empire Wrecking | -$359,758 | |
| Fencing Barricades | $73,758 | no bid | C - n/a | -$73,758 | |
| Façade Stabilization | $2,888,000 | $2,940,000 | D - Caldwell, Heckles & Egan | $52,000 | |
| General Conditions | $464,662 | $0 | In general trades bid | -$464, 426 | |
| Caissons | $1,400,000 | $1,085,000 | E - Shelly Drilling | -$315,000 | |
| General Trades | $10,490,767 | $22,292,000 | F - Wohlsen Construction | $11,801,233 | |
| Site & Utilities | $1,795,464 | $2,909,000 | G - Horst Excavating | $1,113,536 | |
| Concrete | $13,973,585 | $16,200,000 | H - Miller , Long & Arnold | $2,226,415 | |
| Precast Concrete | $2,759,382 | $2,554,500 | I - High Construction | -$204,882 | |
| Masonry | $1,371,330 | $1,469,924 | J - Johnson Masonry | $98,594 | |
| Steel | $4,200,396 | $7,886,000 | K - Steel Fab Enterprises | $3,685,604 | |
| Roofing | $1,297,044 | $2,144,000 | L - United States Roofing Corp. | $846,956 | |
| Glass & Glazing | $2,165,926 | $5,089,600 | M - Hershocks, Inc. | $2,923,674 | |
| Drywall | $6,145,678 | $9,133,000 | N - Novinger's, Inc. | $2,987,322 | |
| Painting | $1,223,804 | $1,724,500 | O - M. Gordon & Son | $500,696 | |
| Food Service Hood | $50,000 | n/a | -$50,000 | ||
| Conveying System | $2,351,980 | $2,427,142 | P - Schindler Elevator | $75,162 | |
| Plumbing | $4,621,621 | $4,444,444 | Q - W.G. Tomko, Inc. | -$177,177 | |
| Fire Protection | $1,192,460 | $1,197,800 | R- King's Fire Protection | $5,340 | |
| HVAC | $10,757,779 | $10,969,000 | S- Rado Enterprises | $211,221 | |
| Electrical | $9,016,010 | $8,757,000 | T- Farfield Company | -$259,010 | |
| Telecom/AV | $1,003,463 | $664,856 | U -Vistacom Audiovisual | -$338,607 | |
| Construction Management | $2,790,000 | $2,410,000 | V-High Construction/Reynolds Construction | -$380,000 | |
| TOTAL BID ITEMS | $84,366,477 | $108,541,766 bid overage: $24,175,289 Over Budget (+28.66% ) | |||
| Other Hard Costs | Estimate | ||||
| Site Acquisition | $2,690,000 | $2,690,000 | |||
| Sunk Operating Costs | $2,835,735 | $2,835,735 | |||
| TOTAL HARD COSTS | $89,892,212 | $114,067,501 | |||
| TOTAL SOFT COSTS | $36,588,073 | $36,588,073 | |||
| FINANCING COSTS | $13,507,439 | $13,507,439 (Will need to re-estimated) | |||
| TOTAL PROJECT | $139,987,724 | $164,163,012 |