HOTEL & CONVENTION CENTER BIDS VARIANCE ANALYSIS
				May 19, 2006
HARD COSTS
		Estimated Cost		Low Bid		Firm	Variance
Abatement		$613,610		$884,000		First Capital Insulation	$270,390
Demolition		$1,719,758		$1,360,000		Empire Wrecking	-$359,758
Fencing Barricades		$73,758				C  -	-$73,758
Façade Stabilization		$2,888,000		$2,940,000		Caldwell, Heckles & Egan	$52,000	Bid Withdrawn
General Conditions		$464,662		$0			-$464,662	In General Trades Bid
Caissons		$1,400,000		$1,085,000		Shelly Drilling	-$315,000
General Trades		$10,490,767		$22,292,000		Wohlsen Construction	$11,801,233
Site & Utilities		$1,795,464		$2,909,000		Horst Excavating	$1,113,536
Concrete		$13,973,585		$16,200,000		Miller , Long & Arnold	$2,226,415
Precast Concrete		$2,759,382		$2,554,500		High Construction	-$204,882
Masonry		$1,371,330		$1,469,924		Johnson Masonry	$98,594
Steel		$4,200,396		$7,886,000		Steel Fab Enterprises	$3,685,604
Roofing		$1,297,044		$2,144,000		United States Roofing Corp.	$846,956
Glass & Glazing		$2,165,926		$5,089,600		Hershocks, Inc.	$2,923,674
Drywall		$6,145,678		$9,133,000		Novinger's, Inc.	$2,987,322
Painting		$1,223,804		$1,724,500		M. Gordon & Son	$500,696
Food Service Hood		$50,000					-$50,000
Conveying System		$2,351,980		$2,427,142		Schindler Elevator	$75,162
Plumbing		$4,621,621		$4,444,444		W.G. Tomko, Inc.	-$177,177
Fire Protection		$1,192,460		$1,197,800		King's Fire Protection	$5,340
HVAC		$10,757,779		$10,969,000		Rado Enterprises	$211,221
Electrical		$9,016,010		$8,757,000		Farfield Company	-$259,010
Telecom/AV		$1,003,463		$664,856		Vistacom Audiovisual	-$338,607
Construction Management		$2,790,000		$2,410,000		High Construction/Reynolds Construction	-$380,000
TOTAL BID ITEMS		$84,366,477		$108,541,766			$24,175,289
						Over Budget	28.66%
Other Hard Costs
Site Acquisition		$2,690,000		$2,690,000
Sunk Operating Costs		$2,835,735		$2,835,735
TOTAL HARD COSTS		$89,892,212		$114,067,501
TOTAL SOFT COSTS		$36,588,073		$36,588,073
FINANCING COSTS		$13,507,439		$13,507,438		Will need to re-estimated
TOTAL PROJECT		$139,987,724		$164,163,012