Exhibit 10.214

 

AMENDMENT NO. 1

 

Pursuant to Section 2.2.8 of that certain Standard Form of Agreement Between
Owner and Construction Manager (A1A Document A121 CMc - 2003) by and between
River Ventures, LLC (“Owner”) and Bovis Lend Lease, Inc. (“Construction
Manager”) dated August 30, 2005 (“Contract”), the attached Guaranteed Maximum
Price (“GMP”) dated April 28, 2005, with a GMP Update dated August 11, 2005, is
hereby incorporated by reference into the Contract.

 

The signatures below confirm and approve the incorporation of this Amendment
No. 1 into the Contract.

 

OWNER:

      CONSTRUCTION MANAGER:

RIVER VENTURES, LLC

     

BOVIS LEND LEASE, INC.

By:

 

 

--------------------------------------------------------------------------------

     

By:

 

 

--------------------------------------------------------------------------------

Name:

 

 

--------------------------------------------------------------------------------

     

Name:

 

Brad Eller

Title:

 

 

--------------------------------------------------------------------------------

     

Title:

 

Senior Vice-President

Date:

 

 

--------------------------------------------------------------------------------

     

Date:

 

November 10, 2005

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Foundation GMP Update

 

PPD Headquarters Building

Wilmington, NC

 

August 11, 2005

--------------------------------------------------------------------------------

PPD Corporate Headquarters

Foundation GMP Update

Wilmington, NC

 

Foundation GMP Update

 

Bovis Lend Lease is pleased to present the update to the Foundation GMP for the
PPD Headquarters Building in Wilmington, NC. The update is based on our GMP
submittal of April 28, 2005 and the additional clarifications presented in this
document.

 

The revised GMP cost is $10,629,592 or $91.24/sf is based upon 116,506sf of
Parking Deck. The cost difference between this GMP update and the April
submission are the Pending Change Orders to date that we were requested to
incorporate. These include increases for foundation redesign and rock excavation
as well as deducts for dewatering, retaining walls, imported fill, and the
subdrainage system. See the attached estimate and recap for further detail.

 

This update includes a deduct of $240,000 for the retaining wall allowance. That
scope of work is in the Core and Shell GMP but the credit has been included
within this foundation update to stay consistent with discussions at the
jobsite. If this credit becomes part of the Foundation GMP, there will be no
credit for it under the Core and Shell GMP.

--------------------------------------------------------------------------------

Project Name:

   PPD HEADQUARTERS BUILDING    Date: August 11, 2005

Location:

   Wilmington, NC    S. F. Project Area:    116,506      Foundation GMP Update
   Project Number:    24401100

Estimate No

   3               

 

CSI

DIVISION

--------------------------------------------------------------------------------

  

DESCRIPTION

--------------------------------------------------------------------------------

         Current
Projected Cost

--------------------------------------------------------------------------------

  

COST/

SQFT

--------------------------------------------------------------------------------

   % of Total

--------------------------------------------------------------------------------

 

02

   Site Work            $ 4,417,947    $ 37.92    41.56 %

03

   Concrete            $ 4,350,720    $ 37.34    40.93 %

04

   Masonry            $ 0    $ 0.00    0.00 %

05

   Metals            $ 0    $ 0.00    0.00 %

06

   Woods & Plastics            $ 0    $ 0.00    0.00 %

07

   Thermal & Moisture Protection            $ 168,872    $ 1.45    1.59 %

08

   Doors and Windows            $ 0    $ 0.00    0.00 %

09

   Finishes            $ 0    $ 0.00    0.00 %

10

   Specialties            $ 0    $ 0.00    0.00 %

11

   Equipment            $ 0    $ 0.00    0.00 %

12

   Furnishings            $ 0    $ 0.00    0.00 %

13

   Special Construction            $ 0    $ 0.00    0.00 %

14

   Conveying            $ 0    $ 0.00    0.00 %

15

   Mechanical Systems            $ 124,720    $ 1 07    1.17 %

16

   Electrical Systems            $ 111,510    $ 0.96    1.05 %                  
$ 0    $ 0.00    0.00 %                  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Total Direct Cost

           $ 9,173,769    $ 78.74    86.30 %                  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Subtotal

                $ 9,173,769    $ 78.74    86.30 %                  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  

--------------------------------------------------------------------------------

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General Conditions

           $ 750,000    $ 6.44    7.06 %

Design Fees- By Owner

           $ 0    $ 0.00    0.00 %

City Building Permit -Allowance

           $ 66,000    $ 0.57    0.62 %

Escalation

        $ 0.00     $ 0    $ 0.00    0.00 %

Project Contingency

           $ 249,821    $ 2.14    2.35 %

General Liability Insurance

     1.230 %   $ 130,744    $ 1.12    1.23 %

Builder’s Risk Insurance-By Owner

     0     $ 0    $ 0.00    0.00 %                  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

Subtotal

                $ 10,370,334    $ 89.01    97.56 %

Fee

          2.500 %   $ 259,258    $ 2.23    2.44 %

Preconstruction

     L.S     $ 0    $ 0.00    0.00 %

Bond- Not Required

     0.00 %   $ 0    $ 0.00    0.00 %

Total Building Construction Budget Amount

           $ 10,629,592    $ 91.24    100.00 %                  

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--------------------------------------------------------------------------------

  

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

PPD HEADQUARTERS BUILDING                    Foundation GMP Update    8/10/2005
                                   Total

--------------------------------------------------------------------------------

  Item

--------------------------------------------------------------------------------

       

Description

--------------------------------------------------------------------------------

   Takeoff Qty

--------------------------------------------------------------------------------

    Unit Cost

--------------------------------------------------------------------------------

    Amount

--------------------------------------------------------------------------------

  01 Foundation GMP                    02000 SITEWORK & DEMOLITION             
      02160        

Excav Support Systems

                        —    Excavation sheeting system-Cape Fear    1.00  all  
309,000.00  /all   309,000            

Excav Support Systems

                                             

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

                           309,000   02220        

Bulk Excavation

                        —    Building Excavation-Cape Fear    1.00  sub  
1,019,341.00  /sub   1,019,341        —    Paving                         —   
Fill at building-Cape Fear Paving    0.00  cy                  —    Laydown Area
for Staging    1.00  ls   103,000.00  /ls   103,000        —    Site Layout &
Certification    1.00  ls   82,400.00  /ls   82,400        —    Reduce amount of
offsite fill    -1.00  ls   420,000.00  /ls   (420,000 )      —    Rock
Excavation    1.00  cy   1.00  /cy   1        —   

Cape Fear Paving

   4,200.00  cy   44.25  /cy   185,850        —   

East Coast Drilling

   4,200.00  cy   29.10  /cy   122,220        —   

BLL Equipment and Labor

   1.00  ls   22,000.00  /ls   22,000                             

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

         

Bulk Excavation

               1,114,812   02241        

Dewatering

                        ob02    Dewatering Allowance                         —
   Reduce dewatering allowance                             

Dewatering

                            

1.374 Labor Hours

                            

  0.46 Equipment Hours

                   02280        

Soil Treatment

   76,910.00  sqft                  010    Soil Termite Treatment by Concrete
Sub                             

76.91 Labor Hours

                   02290        

Foundation Redesign

                        —    Stone fill    10,400.00  ton   24.75  /ton  
257,400        —    Lean Concrete    3,300.00  cy   134.45  /cy   443,685       
—    Concrete revisions to foundation    1.00  ls   921,560.00  /ls   921,560  
     —    CMU at waterproofing    30,300.00  sf   19.30  /sf   584,790        —
   Waterproofing    106,000.00  sf   4.60  /sf   487,600                       
     

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

         

Foundation Redesign

               2,695,035   02580         Pavement Marking    0.00  Each        
         —    Pavement Markings-Cape Fear Paving                    02710     
  

Sub Drainage

                        ob10    Perimeter Drain 6” (delete)    1,440.00  lnft  
                   

Includes trench, gravel & filter fabric.

                        ob50    6” Under Slab Drain (delete)    5,225.00  lf    
                 

Includes trench, gravel & filter fabric.

                            

Sub Drainage

                            

646.941 LaborHours

                            

168.625 Equipment hours

                   02838        

Retaining Walls

                             Reduce retaining walls allowance    -1.00  ls  
240,000.00  /ls   (240,000 )          

This is actually a Core and Shell item. Retaining Walls

                                             

--------------------------------------------------------------------------------

--------------------------------------------------------------------------------

                           (240,000 )

--------------------------------------------------------------------------------

PPD HEADQUARTERS BUILDING                  Foundation GMP Update    8/10/2005  
                               Total

--------------------------------------------------------------------------------

Item

--------------------------------------------------------------------------------

       

Description

--------------------------------------------------------------------------------

   Takeoff Qty

--------------------------------------------------------------------------------

    Unit Cost

--------------------------------------------------------------------------------

    Amount

--------------------------------------------------------------------------------

          SITEWORK & DEMOLITION                4,417,947          

725,225 Labor hours

                          

169,083 Equipment hours

                 3000 CONCRETE                  03050        

Excavate for Concrete

                      010    Wall Footing Excavation by Machine    1,686.00
 cuyd                020    Column Footing Excavation by Machine    2,057.00
 cuyd                030    Interior Backfill & Compact Footings    3,500.00
 cuyd                055    Fine Grade Mat Footings    10,723.00  sqft          
     055    Fine Grade Wall Footings    11,785.00  sqft                dew1   
Dewater/Demuck Foundations    1.00  allo   36,050.00  /allo   36,050            
              

--------------------------------------------------------------------------------

         

Excavate for Concrete

               36,050          

3,729.664 Labor hours

                          

1,839.44   Equipment hours

                 03100        

Concrete Forms & Access

                      220    Wall Footing Forms (4 Use)    6,308.00  sqft      
         255    Column Footing Forms (4 Use)    6,944.00  sqft               
527    Keyway In Footing    3,154.00  lnft                626    Wall Forms to
20’ (4 Use)    34,996.00  sqft                642    Const Joints/ Bulkheads @
Walls    151.00  lnft                703    Edge Forms on Grade (6’) (3 use)   
155.00  lnft                733    SOG Bulkheads <12’    1,000.00  lnft        
       736    Turn Down Slab Edge Form    155.00  lnft                739   
Screed Forms    74,924.00  sqft                804    Column Forms (4 use)   
10,268.00  sqft                840    Column Forms - 42” dia. Tubes    80.00 
loft                903    Beam Forms (4 use)    31,469.00  sqft               
905    Beam Bottom Form - 3/4” Plywood    17,427.00  sqft                920   
Flat Slab Forms (4 use)    66,591.00  sqft                926    Bulkhead Flat
Slab Forms    402.00  lnft                940    Elevated Edge Forms 8”   
1,736.00  lnfl                1120    Topping Screeds    66,591.00  sqft        
            Concrete Forms & Access                           

24,141.011 Labor hours

                 03200         Concrete Reinforcement                       010
   Rebar Column Footings    116.00  ton                010    Rebar Wall
Footings    89.00  ton                010    RebarSOG    5.00  ton            
   010    Grade8oupcharge    15.00  ton                010    Rebar Column   
42.00  ton                010    RebarWalls    61.00  ton                010   
Rebar Beams    229.00  ton                010    Rebar Elevated Slab    50.00 
ton                028    Welded wire mesh-6x6 - w2.9 x w2.9 #6    82,587.00 
sqft                     Concrete Reinforcement                           

13,348.454 Labor hours

                 03300        

Place Concrete

                      015    Place Concrete Wall Footings    1,636.00  cuyd    
           020    Place Concrete Column Footings    1,971.00  cuyd            
   045    Place Concrete Wall    981.00  cuyd                050    Gravel/stone
Fill Under Slab    1,609.00  cuyd                065    Fine Grade Slab-on-Grade
Subgrade    75,079.00  sqft                070    Place Concrete Slab On Grade
   1,609.00  cuyd          

--------------------------------------------------------------------------------

PPD HEADQUARTERS BUILDING                  Foundation GMP Update    8/10/2005  
                               Total

--------------------------------------------------------------------------------

Item

--------------------------------------------------------------------------------

       

Description

--------------------------------------------------------------------------------

   Takeoff Qty

--------------------------------------------------------------------------------

    Unit Cost

--------------------------------------------------------------------------------

    Amount

--------------------------------------------------------------------------------

03300        

Place Concrete

                      080    Place Concrete Columns Rectangular    234.00  cuyd
               090    Place Concrete Beams    1,311.00  cuyd                095
   Place Concrete Flat Slab    1,139.00  cuyd                115    Blow
off/clean area to be poured    66,591.00  sqft                175    Concrete
Stairs Complete    78.00 each                180    Place Concrete Steps On
Grade Complete    12.00 each                180    Metal Pan Stair Fill    32.00
each                    

Place Concrete

                          

11,401.65 Labor hours

                          

     272.32 Equipment hours

                 03310        

CIP Conc (Isum unit cost)

                           Cast in place Concrete Foundation    1.00  sub  
4,314,670.00  /sub   4,314,670                           

--------------------------------------------------------------------------------

         

CIP Conc (Isum unit cost)

               4,314,670 03345        

Concrete Finishing

                      901    Steel Trowel Finish SOG    75,079.00  sqft        
       901    Steel Trowel Finish Elevated Slab    66,591.00  sqft            
   904    Rub and Patch Concrete    100,000.00  sqft                908    Cure
Concrete (curing compound)    161,67000  nqft               

Concrete Finishing

                          

6,373.40 Labor hours

                 03365        

Post-tensioned Concrete

                      104    Furnish PT Cables w/Support Bars (per sqft)   
66,591.00  sqft                105    Install PT Cables w/Pocket Patching (S/C
per sqft)    66,591.00  sqft           03380        

Concrete Hoisting/Equip.

                 ob05         Concrete pump (per cuyd total)    8,881.00  cuyd  
        obO5         Crane Pads    2.00  each           obO5         Cranes   
4.00  mnth           ob15         Concrete Equipment    8,881.00  cuyd          
          shy Safety    1.00  ls                    

Concrete Hoisting/Equip.

                          

8,887.00 Labor hours

                          

8,887.00 Equipment hours

                 03385        

Concrete Mgmnt. & Lay-out

                      10    Field Engineer    17.00 week                20   
Rodman    17.00 week                30    Lay-out Crew (L&E)    17.00 week      
         40    Concrete Foreman    17.00 week                50    Assistant
Project Manager    17.00 week                60    Assistant Superintendent   
17.00 week                    

Concrete Mgmnt. & Lay-out

                          

4,760.00 Labor hours

                          

   680.00 Equipment hours

                 03390        

Ready-mix Concrete

                 40rg         5,000 psi regular weight Footings    3,607.00 
cuyd           40rg         4,000 psi regular weight SOG    1,609.00  cuyd      
    40rg         4,000 psi regularweight Walls    981.00  cuyd           70rg   
     8,000 psi regular weight -Columns    234.00  cuyd           70rg        
5,000 psi regular weight Elevated Slab    1,139.00  cuyd           add        
Admixtures    8,881.00  cuyd           03395        

Misc Concrete Access.

                 a005         Vapor Barrier 6 Mil Poly    75,079 00  sqft      
   

--------------------------------------------------------------------------------

PPD HEADQUARTERS BUILDING                  Foundation GMP Update    8/10/2005  
                          Total

--------------------------------------------------------------------------------

Item

--------------------------------------------------------------------------------

  

Description

--------------------------------------------------------------------------------

   Takeoff Qty

--------------------------------------------------------------------------------

    Unit Cost

--------------------------------------------------------------------------------

    Amount

--------------------------------------------------------------------------------

03395   

Misc. Concrete Access.

                 a040    Waterstop - Rubber - 8”    2,914.00  lnft          
a075    Expansion Joint 1/2 x 6’    4,000.00  lnft               

Misc. Concrete Access.

                     

561.163 Labor hours

                                      

--------------------------------------------------------------------------------

    

CONCRETE

               4,350,720     

73,202.34 Labor hours

                     

11,678.76 Equipment hours

                 7000 MOISTURE PROTECTION                  07100   

Dampproof & Waterproof

                      Waterproof Foundation Walls    1.00  SUB   168,872.00 
/SUB   168,872                      

--------------------------------------------------------------------------------

    

Dampproof & Waterproof

               168,872                      

--------------------------------------------------------------------------------

     MOISTURE PROTECTION                168,872 15000 MECHANICAL               
  15400   

Plumbing

                 —    Plumbing Systems Rough in Garage    116,328.00  sqft  
1.072  /sqft   124,720                      

--------------------------------------------------------------------------------

    

Plumbing

               124,720     

116,328.00 Labor hours

                                      

--------------------------------------------------------------------------------

     MECHANICAL                124,720     

116,328.00 Labor hours

                 16000 ELECTRICAL                  16100   

Electrical

                 —    Electrical Systems Rough In Garage    116,328.00  sqft  
0.96  /sqft   111,510                      

--------------------------------------------------------------------------------

    

Electrical

               111,510     

116,328.00 Labor hours

                                      

--------------------------------------------------------------------------------

     ELECTRICAL                111,510     

116,328.00 Labor hours

                                      

--------------------------------------------------------------------------------

     01 Foundation GMP                9,173,769     

306,583.563 Labor hours

                     

  11,847.84   Equipment hours

                

--------------------------------------------------------------------------------

FOUNDATION GMP

 

PPD HeadQuarter Building

Wilmington, NC

 

April 28, 2005

--------------------------------------------------------------------------------

PPD Corporate HeadQuarters

Wilmington, NC Summaries and Priorities

 

Executive Summary

 

This GMP for the Foundation Package is the first of three GMP’s that will be
produced to complete the project. It is based upon the Parking Deck CD documents
dated April 14, 2005 and the qualifications presented in this GMP proposal. The
GMP cost of $8,665,592 or $74.38/sf is based upon 116,506sf of Parking Deck
including contingency. Scope not covered in this GMP will be pick-up in the
Shell and Core or Tennant GMP’s

 

Our GMP does not include any monies for cost impacts or delays incurred for soil
and water issues encountered.

 

The Foundation GMP is a limited scope of work and is intended to only be for the
following scope of work

 

Excavation and backfill required for foundation

 

Concrete foundation and elevated slab up to but not including elevation 37

 

Ebeds, raceways, under slab rough in required for foundation.

 

The foundation GMP does not include the following:

 

Site Work other than garage excavation for Phase 1 or 2

 

Unit Masonry

 

Metal Fabrication, Metal Stairs, Rails or Grating

 

Steel Doors or Frames

 

Overhead Coiling Grills

 

Door Hardware

 

Glazing

 

Parking Control Equipment

 

Loading Dock Equipment

 

Elevators

 

Louvers

 

Any work not noted as specially included herein

 

In additions to the GMP there are other funding requirements that will require
us to be released prior to the completion of the 2nd GMP on the Core and Shell.
We ask that we be permitted to commit to contracts for those scopes of work, in
addition to the GMP.

 

Foundation GMP

     8,665,592

Precast Purchase

     2,800,000

Long Lead Metals

     1,000,000

Elevators

     1,750,000

Glazing Purchase

     7,708,064

Concrete Frame

     8,763,724

Long Lead Mechanical Equipment

     2,000,000

Long Lead Electrical Equipment

     750,000

Total Requested funding

   $ 33,437,380

--------------------------------------------------------------------------------

PPD Corporate HeadQuarters

Wilmington, NC Summaries and Priorities

 

Bovis Lend Lease recommends a thorough review of this document by the Project
Team. We have developed a project schedule that establishes a 20 month duration
for the project, with no weather delays assuming a phased bid package approach
and a 40 hour work week.

--------------------------------------------------------------------------------

PPD Corporate HeadQuarters

Wilmington, NC Basis of Estimate

 

General Clarifications

 

The following definition represents the basis of our estimate. The estimated
costs were developed based upon the Space Programming Report and Document
drawings prepared to date by Cline Design Associates and Cooper Carry Inc. as
indicated in the document log and the assumptions and clarifications updated
under this section, along with project description and schedule data presented
under other sections of this report.

 

1. Subcontractor bonds are included for all trades valued in excess of $100,000.

 

2. The pricing included does not anticipate any stoppage of construction work as
a result of present PPD Operations. If interruptions in work are foreseeable
with regards to interfacing with existing facilities or business decisions to
perform only a portion of the work, a separate allowance will need to be
defined.

 

3. We have included a 3% design contingency in this analysis.

 

4. It is understood that since the documents are not yet complete, the Owner,
Architect and Bovis will work together to monitor completion of the design, in
accordance with the intent and scope of the documents that form the basis of the
budget. Should an increase in the budget be indicated due to deviations from
such intent and scope during document completion, Bovis will recommend possible
economies in order to protect the budget from increasing. If these economies are
not accepted, the budget shall be increased to cover the increased cost and the
associated General Conditions and Fee.

 

5. Any economies accepted by the Owner will also be accepted by the Architect
and will be incorporated into the construction drawings and specifications as if
they were part of the original design.

 

6. The GMF line item costs include items of work that will be subcontracted, as
well as Bovis’ reimbursable costs. No guarantee exists on any separate line,
Savings in any line item may be transferred to cover possible overruns of other
line items.

 

7. The GMP is based on the premise that the design will meet alt codes, laws,
ordinances, rules, and regulations in effect at the time that the budget was
prepared. The budget shall be adjusted should any discrepancies between design
and the aforementioned codes, laws or ordinances result in, or require, an
increase in the Cost of the Work.

 

8. No testing is included.

 

9. The budget does not include Builders Risk insurance. General Liability
insurance is included. The cost of a Payment and Performance Bond from Bovis
Lend Lease is not included.

 

10. The budget includes a 12-month warranty of all work that begins the date of
the temporary certification of occupancy or date of first service of equipment
which ever comes first. Any extended warranties required by the Specifications
will be exclusively managed by and contracted between the
manufacturer/subcontractor and the Owner.

 

11. This proposal is based on mutually agreeable contract terms.

 

12. Sales Tax is included.

 

13. The additional cost for schedule compression, out-of-sequence operations,
wage premiums for non-standard working timeframes, and associated operations are
not included in the individual Trade Budget Estimates.

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PPD Corporate HeadQuarters

Wilmington, NC Basis of Estimate

 

14. We have included the Town of Wilmington Building Permit Fee. All other fees
and escrows are excluded and assumed budgeted separately by PPD.

 

15. No Costs is included for parking fees, shuttles or any other requirements
due to lack of parking during normal work hours.

 

16. The following costs are not included in our estimate:

 

a. Any Preconstruction costs

 

b. Document Reproduction

 

c. Security Systems

 

d. FF&E

 

e. Usage/Tap Fees

 

f. Planning Fees

 

g. Architectural Fees

 

h. lmpact/Development Fees

 

Allowances:

 

1. Dewatering

   $ 870,000

2. Excavation Support

   $ 300,000

3. Under slab piping

   $ 78,131

4. Utility Consumption

   $ 25,000

5. Building Permit

   $ 66,000

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PPD Corporate HeadQuarters

Wilmington, NC Basis of Estimate

 

Assumptions and Clarifications

Building Area

 

        PPD

--------------------------------------------------------------------------------

          Mechanical   6,073.00           12   19,004.00           11  
18,868.00           10   28,540.00           9   28,540.00           8  
28,540.00           7   28,540.00           6   28,540.00           5  
28,540.00           4   28,540.00           3   32,176,00           2  
38,918.00           1   61,231,00           P2   25,490.00   40,059.00       P1
  —     76,447.00          

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      GSF Office Building   401,540.00   116,506.00   GSF Garage

 

Site

 

1. The work included in this GMP is generally limited to Excavation of the
Structure, Sheeting and Shoring of excavation, Concrete Frame to the top of the
underside of elevation 37, Back fill of building, Mechanical & Electrical
Sleeving, Mechanical and electrical path ways in concrete slab or under
foundation slabs

 

2. We have not included electrical duct banks.

 

3. We have not included any work for Phase Two

 

4. Excavation will be shored to prevent cave in by sheeting and shoring.

 

5. Dewatering is included as an allowance.

 

6. Due to the uncertainty of the Phase two site work we are not including any
keystone retaining walls on the south side of the building at this time.

 

7. We have included termite treatment for the slab on grade.

 

8. We do not include any handling, treatment, or disposal of characteristically
hazardous material, soil, water etc. or unsuitable material.

 

9. We do not include excavation of rock, existing foundations, piping or other
utility structures.

 

10. We have included 5,225lnft of under slab drainage piping for an allowance of
$78,131. This piping is not shown on the drawings.

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PPD Corporate HeadQuarters

Wilmington, NC Basis of Estimate

 

Concrete

 

1. We have assumed that concrete in the garage will not be architectural in
nature and that the finish will be the natural finish that a grade b plywood
will leave when the forms are pulled.(Class D Finish)

 

2. We have provided a floor finish of between F(F) 20 and F(L) 25 in lieu of
1/8” tolerance in10’-0” or similar forms of measure.

 

3. Curing of floor slabs will be with Kurex-DR VOX curing compound or equal in
lieu of moisture cure.

 

4. Formwork is based on use of 23/32” thick SB exterior grade plywood

 

5. Rubbing cast-in-place concrete is excluded

 

6. In exposed ceiling areas we are grinding only the plywood seams.

 

7. We do not include the sealing of chamfered wall construction or control
joints as Indicated on detail 4 on S0.1.

 

8. Our GMP is based on using wood formed pans.

 

9. Specification call for a class B finish on exposed concrete, pan slabs will
be a Class D finish not class B.

 

10. We have not included precast embeds.

 

11. We have not included additional pricing for concrete referenced in email
from Uzan and Case dated 4/25/05

 

Masonry

 

1. All masonry walls in the garage will be priced under the Core and Shell GMP.

 

Miscellaneous Metals

 

1. All metal stair will be priced under the Core and Shell GMP.

 

2. We have included cable rail at the garage area ramps.

 

Woods and Plastics

 

1. Not required.

 

Thermal and Moisture Protection

 

1. We have included a waterproofing system for the foundation walls.

 

2. No under slab waterproofing system is included. Section 5 & 6 on S0.2 are
assumed to be in error.

 

Glass & Glazing

 

1. All Doom and Frames will be priced in the Core and Shell GMP

 

2. All glazing will be priced in the Core & Shell GMP.

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PPD Corporate HeadQuarters

Wilmington, NC Basis of Estimate

 

3. Overhead coiling doors will be priced in the Core and Shell GMP.

 

Finishes

 

1. All Finishes will be priced in the Core And Shell GMP

 

2. Specialties

 

1. All specialties will be priced in the Core & Shell GMP.

 

Equipment

 

1. The parking gate and controller will be priced in the Core & Shell GMP.

 

2. Dock levelers will be priced in the Core & Shell GMP.

 

Furnishings

 

1. Not Required.

 

Conveying:

 

1. We assume the hydraulic elevator will be a hole less type not requiring a
jack hole.

 

Mechanical:

 

1. We have included an allowance of $124,720 for all Plumbing, HVAC & Sprinkler
sleeving or embedded in walls columns or slabs, no other work has been included

 

Electrical:

 

1. We have included an allowance of $111,510 electrical sleeving or conduit
embedded in walls columns or slabs, no other work has been included.