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Minnesota State University, Mankato

Minnesota State University, Mankato
Office of Institutional Planning, Research and Assessment

Implementation Plan Introduction

Page address: http://www.mnsu.edu/planning/masterplan/campuswide/tablecontents/impleintro.html

The Implementation Plan identifies specific project budgets and schedules based on project scope and priorities developed during the Concept. The Implementation Plan divides individual projects into related "Groups" and then schedules them in a sequential manner based on priorities, funding and dependency on previous projects.

Project Budget Basis Project costs consist of "hard" (probable construction cost) plus Technology Infrastructure (Tech) at 6 percent of hard costs, Furniture, Fixtures and Equipment (FF&E) at 7 percent; plus "soft" costs (approvals, surveys, testing & design) at 15 percent. This is illustrated in Table 8.1. Project Budgets are estimated based on mid-year 2001 construction costs. Table 8.2 delineates the rate increase multiplier for a particular year using the base 2001 cost estimate. The per square foot cost ranges used in the Implementation Plan for various levels of work are noted in the following table.

Table 8.1 Project Cost Square Per Square Foot Basis

Level of Work 'Hard Cost' $/GSF Tech
$/GSF
FF&E
$/GSF
'Soft
Cost'
$/GSF
Project
Budget
$/GSF
New Construction (highly technical) $ 250 $ 15 $ 18 $ 37 $ 320
New Construction (non-technical) $155 $9 $11 $23 $198
Major Renovation (highly-technical) $200 $12 $14 $30 $256
Major Renovation (non-technical) $125 $8 $9 $19 $160
Minor Renovation $45 $3 $3 $7 $58
Relocation Only $7 $2 $0 $1 $10

Site project budgets were generated in a similar manner based on square foot or lump sum amounts.

Table 8.2 Cumulative Inflationary Multipliers of 2001 $ Based on an Assumed 4% Yearly Escalation Rate.

YEAR MULTIPLIER YEAR MULTIPLIER
2002 100.00% 2008 131.59%
2003 104.00% 2009 136.86%
2004 108.16% 2010 142.33%
2005 112.49% 2011 148.02%
2006 116.99% 2012 153.95%
2007 121.67% 2013 160.10%
2008 126.53% 2014 166.51%