Miraleste Early Learning Academy

Summary of Estimate of Probable Costs

The following cost estimate is based on the plan for the Phase One Plan project scope (updated in 2024). Click on “Phase One Plan” in the site menu for a plan view of where these items are located on this site.

Phase One Plan Probable Costs

Miraleste Early Learning Academy – Phase One Plan

PI#	Scope Description	Quantity		×	Unit Cost		=	Cost	Total Cost
Hard Construction Costs
Site Work
Site Work Costs									0
New Construction
New Construction Costs									0
Reconfiguration
Reconfiguration Costs									0
Modernization
	Admin and classrooms, new finishes, lighting, HVAC, electrical, low voltage, insulation and energy efficient windows.	7100	SF	×	395	per SF	=	2804500	2,804,500
	Classrooms, Media Center and Offices, new finishes, lighting, HVAC, electrical, low voltage, insulation and energy efficient windows.	4277	SF	×	395	per SF	=	1689415	1,689,415
	Classroom building, new finishes, lighting, HVAC, electrical, low voltage, insulation and energy efficient windows.	2493	SF	×	395	per SF	=	984735	984,735
	MPR, new finishes, lighting, HVAC, electrical, low voltage, insulation and energy efficient windows.	2840	SF	×	395	per SF	=	1121800	1,121,800
Modernization Costs									6,600,450
Demolition
Demolition Costs									0
Miscellaneous
Miscellaneous Costs									0
Hard Construction Cost Subtotal									6,600,450
Soft Project Costs		27.00	%	of Hard Construction Costs					1,782,122
Hard Construction Cost + Soft Project Costs Subtotal									8,382,572
Escalation		5	years	@	4.50%	per year	=	24.62%	2,063,638
Overall Contingency					10.00%	of total	=	11.11%	1,160,690
Total Probable Phase One Plan Costs for Miraleste Early Learning Academy									11,606,899