Name CM 300 Spring 2020 (8/26/2020) Conceptual Estimating of Project Costs Lab Time 10 points 1. A 55,000SF apartment complex is to be built in Chicago City. A comparable 45,000SF apartment complex was built in the Indianapolis for $9,500,000. What is an approximate price for the construction of the apartment complex in Chicago? Chicago City Cost Index (CCI) =117, Indianapolis CCI = 92.7 2. A 25,000SF medical office building was built in Jacksonville Florida for $4,200,000 in 2005 what would be the cost of the same building in the same city in 2011? Historical Cost Index (HCI) 2005 is 119.2 and HCI in 2011 is 157.7. 3. A 90,000 SF elementary school was built in Wichita, Kansas in 1996 for $11,500,000. What would be the cost for the same school in Spokane Washington in 2011? CCI Wichita = 83.4, Spokane CCI = 93.5, Spokane HCI in 1996 109.2, HCI in 2011 is 173. 4. The new gateway building is being built for the Polytechnic Institute - including a new construction lab! See news article next page. You are asked to give a conceptual estimate for a similar 185,000SF building to be built in 2024 for the Ag school on campus. Assume a 1.5% price escalation each year (4 years) and calculate a price for the new facility. Cost of New Building Name CM 300 Spring 2020 (8/26/2020) Conceptual Estimating of Project Costs Lab Time 10 points 1. A 55,000SF apartment complex is to be built in Chicago City. A comparable 45,000SF apartment complex was built in the Indianapolis for $9,500,000. What is an approximate price for the construction of the apartment complex in Chicago? Chicago City Cost Index (CCI) =117, Indianapolis CCI = 92.7 2. A 25,000SF medical office building was built in Jacksonville Florida for $4,200,000 in 2005 what would be the cost of the same building in the same city in 2011? Historical Cost Index (HCI) 2005 is 119.2 and HCI in 2011 is 157.7. 3. A 90,000 SF elementary school was built in Wichita, Kansas in 1996 for $11,500,000. What would be the cost for the same school in Spokane Washington in 2011? CCI Wichita = 83.4, Spokane CCI = 93.5, Spokane HCI in 1996 109.2, HCI in 2011 is 173. 4. The new gateway building is being built for the Polytechnic Institute - including a new construction lab! See news article next page. You are asked to give a conceptual estimate for a similar 185,000SF building to be built in 2024 for the Ag school on campus. Assume a 1.5% price escalation each year (4 years) and calculate a price for the new facility. Cost of New Building