Implementation Plan Introduction

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%