Palm Beach Undergrounding Master Plan COMPLETE MP Online-v4 | Page 191

12.8 Opinion of Probable Cost Summary
Opinions of Probable Construction Cost by project phase are provided below.
A summary of total project costs, including contingency and inflation, is provided below.
Town of Palm Beach
Overall Program Opinion of Cost Summary – March 2017
Item No.
Updated Opinion of
Probable Cost
Description
Town of Palm Beach
Master Planning Engineer’s Conceptual Opinion of Probable Cost for Undergrounding
Individual Phase Opinion of Probable Cost Summary
Item No.
Phase
Phase Cost–
Phase Cost–
Today’s Dollars Considering Inflation Contingency
Total
1 Utility Conversion Costs – FPL $43,900,000 1 Phase 1 North $4,500,000 $4,500,000 $400,000 $4,900,000
2 FPL Credit – 25% GAF Waiver ($11,200,000) 2 Phase 1 South $7,120,000 $7,120,000 $600,000 $7,720,000
3 FPL Service Conduit (Private Property) $4,150,000 3 Phase 2 North $3,800,000 $3,900,000 $350,000 $4,250,000
4 Utility Conversions Costs – AT&T and Comcast $15,960,000 4 Phase 2 South $4,400,000 $4,500,000 $420,000 $4,920,000
5 Roadway and Private Property Restoration $15,100,000 5 Phase 3 North $3,500,000 $3,800,000 $340,000 $4,140,000
6 Engineering/Permitting/Surveying $7,050,000 6 Phase 3 South $5,800,000 $6,200,000 $570,000 $6,770,000
7 Construction Administration $3,970,000 7 Phase 4 North $4,300,000 $4,700,000 $430,000 $5,130,000
8 Legal Fees $2,000,000 8 Phase 4 South $4,400,000 $4,800,000 $440,000 $5,240,000
9 Public Outreach $570,000 9 Phase 5 North $5,400,000 $6,000,000 $550,000 $6,550,000
Subtotal Project Costs $81,500,000 10 Phase 5 South $6,200,000 $6,900,000 $640,000 $7,540,000
Contingency $8,140,000 11 Phase 6 North $4,300,000 $4,900,000 $450,000 $5,350,000
Inflation $8,940,000 12 Phase 6 South $9,100,000 $10,500,000 $970,000 $11,470,000
Total Project Costs $98,600,000 13 Phase 7 North $4,400,000 $5,250,000 $480,000 $5,730,000
14 Phase 7 South $4,600,000 $5,500,000 $500,000 $6,000,000
15 Phase 8 $9,100,000 $11,300,000 $1,000,000 $12,300,000
16 Public Outreach $570,000 $570,000 – $570,000
TOWN-WIDE UNDERGROUNDING OF UTILITIES PROGRAM
MASTER PLAN DOCUMENT
OVERALL PROGRAM OPINION OF PROBABLE CONSTRUCTION COSTS | 165