Palm Beach Undergrounding Master Plan COMPLETE MP Online-v5 | Page 193

Town of Palm Beach
Master Planning Engineer’s Conceptual Opinion of
Probable Cost for Undergrounding
Phase 1 South
Item No.
1
1A
2
2A
3
3A
4
4A
5
Description
Amount
$1,860,000
FPL Overhead to Underground to Conversion
FPL Overhead to Underground to Conversion (Ibis Isle) $300,000
AT&T Overhead to Underground to Conversion $280,000
AT&T Overhead to Underground to Conversion (Ibis Isle) $120,000
Comcast Overhead to Underground to Conversion $70,000
Comcast Overhead to Underground to Conversion (Ibis Isle) $80,000
Roadway and Private Property Restoration $460,000
Roadway and Private Property Restoration (Ibis Isle) $150,000
$3,010,000
FPL Direct Costs
FPL Direct Costs (Ibis Isle) $370,000
6 AT&T Direct Costs $220,000
7 Comcast Direct Costs 8 FPL Service Conduit (Private Property) $100,000
9 Existing Utility Adjustment $630,000
10 Engineering/Permitting/Surveying $740,000
11 Construction Administration $240,000
12
11
13 Legal Fees
Credits
FPL Credit – 25% GAF Waiver $180,000
5A
$50,000
($1,370,000)
Subtotal Estimate – Today’s Dollars $7,500,000
Subtotal Estimate – Considering Inflation $7,500,000
Contingency $640,000
Subtotal = $8,140,000
Total (Lake Worth Segment) = $420,000
Grand Total (Excludes Lake Worth Segment) = $7,720,000
TOWN-WIDE UNDERGROUNDING OF UTILITIES PROGRAM
MASTER PLAN DOCUMENT
OVERALL PROGRAM OPINION OF PROBABLE CONSTRUCTION COSTS | 167