Specifications include, but are not limited to: A. Cost Estimating Services The respondent(s) selected to provide Cost Estimating Services will be required to perform cost estimating services as follows: ▪ Provide adequate staff to coordinate and support the Project at each milestone estimate ▪ Attend kickoff and periodic milestone meetings as required ▪ Perform field visits and activities, as required, to become thoroughly familiar with the site and conditions surrounding the site, as well as document the conditions observed on the site ▪ Work with CPL and QA+M to evaluate the risk associated with the design and to ensure that variables such as site logistics, constructability, local participation, shift work, etc., are adequately accounted for in costs ▪ Identify long lead items and recommend methods of procurement to achieve the Project schedule ▪ Participate in value engineering exercises and evaluate proposed building design systems as to quality, first cost and life cycle cost, constructability, and labor material availability ▪ Become familiar with local labor rates and labor conditions/availability. ▪ Consult with and advise CPL and QA+M of budget variances and make recommendations for corrective actions ▪ Provide quantity takeoffs and third-party tabulations ▪ Review drawings and specifications for errors and omissions and trade consistency B. Cost Estimate Format The Cost Estimating firm will be required to submit all detailed cost estimates in CSI format. All cost estimates shall be prepared in electronic format and must be compatible with Adobe Acrobat Reader. Each estimate is also expected to include the following minimum components: • Executive summary of totals for trade costs, mark-ups and alternates broken down as follows: o Trade Costs for New Construction (per division) o Trade Costs for Renovation (per division) o Trade Costs for Sitework o Design and Pricing Contingency o Escalation o GMP Contingency o Sub-Total of Trades o General Conditions o General Requirements o Overhead and Profit o Bonds o Insurance o Building Permit o Total of All Construction o Alternates (Including Mark-ups)
