School Project Cost Estimate

Assume you have an estimate of a similar school located nearby and completed in 2002 for a cost of $10,500,000. We are planning to build a new school in Jan. of 2017. The ENR index for 2002, relative to the base date of 1993, was 128.7% and the ENR index for 2017 is 208.5%.

• Consider the cost-capacity factor x = 0.8 for a school.
• The above school completed in 2002 has a usable area of 250,000 square feet
• The prospective owner for the new school wants a structure with a usable area of 400,000 square feet.