Palm Beach Undergrounding Master Plan COMPLETE MP Online-v4 | Page 193

Town of Palm Beach
Master Planning Engineer’s Conceptual Opinion of
Probable Cost for Undergrounding
Phase 1 South
Item No.
1
1A
2
2A
3
3A
4
4A
5
5A
Description
Amount
FPL Overhead to Underground to Conversion
$1,860,000.00
FPL Overhead to Underground to Conversion (Ibis Isle) $300,000.00
AT&T Overhead to Underground to Conversion $280,000.00
AT&T Overhead to Underground to Conversion (Ibis Isle) $120,000.00
Comcast Overhead to Underground to Conversion $70,000.00
Comcast Overhead to Underground to Conversion (Ibis Isle) $80,000.00
Roadway and Private Property Restoration $460,000.00
Roadway and Private Property Restoration (Ibis Isle) $150,000.00
FPL Direct Costs
$3,010,000.00
FPL Direct Costs (Ibis Isle) $370,000.00
6 AT&T Direct Costs $220,000.00
7 Comcast Direct Costs 8 FPL Service Conduit (Private Property) $100,000.00
9 Existing Utility Adjustment $630,000.00
10 Engineering/Permitting/Surveying $740,000.00
11 Construction Administration $240,000.00
12
11
13 Legal Fees
Credits
FPL Credit – 25% GAF Waiver $180,000.00
$50,000.00
($1,370,000.00)
Subtotal Estimate – Today’s Dollars $7,490,000.00
Subtotal Estimate – Considering Inflation $7,490,000.00
Contingency $644,000.00
Subtotal = $8,130,000
Total (Lake Worth Segment) = $420,000
Grand Total (Excludes Lake Worth Segment) = $7,710,000
TOWN-WIDE UNDERGROUNDING OF UTILITIES PROGRAM
MASTER PLAN DOCUMENT
OVERALL PROGRAM OPINION OF PROBABLE CONSTRUCTION COSTS | 167