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Indian River County <br /> Administration Complex Turner <br /> Initial GMP Summary <br /> Qualifications and Assumptions <br /> Report Date : May 31 , 2005 <br /> The Initial GMP for the Indian River County Administration Complex is based on the Documents as listed <br /> herein and as modified / clarified through the following Qualifications and Assumptions . In the event of <br /> any conflicts between these Qualifications and Assumptions and any other Contract Documents , these <br /> Qualifications and Assumptions shall govern . <br /> GENERAL <br /> 1 We have assumed that the Cost of the following items are to be paid by the Owner and are not included <br /> in our GMP . <br /> Impact fees , special assessment fees <br /> Threshold Inspector <br /> Cost of Building Permits , Plan Review Fees , and related expenses <br /> Material Testing and Inspection <br /> Unforeseen Subsurface Conditions <br /> Utility Company charges and/or fees except for standard monthly power or water bills . <br /> Design or consulting costs <br /> Survey of existing project site <br /> 2 The GMP is based on standard manufacturer' s warranties as available in the industry at the time of <br /> purchase . <br /> 3 The GMP is based on having 30 days from receipt of a Notice to Proceed to mobilization . The GMP is <br /> based on a sixteen ( 16 . 0 ) month construction schedule from the day of mobilization to Substantial <br /> Completion , plus 2 months of close- out. <br /> 4 Turner assumes that the Owner will secure any air rights from adjacent property owners and permits with <br /> regard to the concrete pumps , cranes , and crane booms . <br /> 5 The GMP is based on drawings provided by Donadio and Associates which we assume have been <br /> designed in accordance with the current Florida Building Code . Any cost resulting from changes in <br /> Building Codes will result in an increase to the GMP . <br /> 6 The GMP includes Subcontractor Default Insurance at 1 . 3% of the direct cost of the work , in lieu of <br /> bonds furnished from subcontractors . Typical subcontractor bonding rates are between 1 . 5% to 2% , The <br /> use of Subcontractor Default Insurance results in savings to the Project . . <br /> 7 The following initial GMP costs will be billed in full in our first application for payment. The value of these <br /> items is based on the initial GMP amount . <br /> General Liability & Worker' s Compensation Insurance <br /> Subcontractor Default Insurance <br /> Performance and Payment Bonds <br /> 8 The Builder' s Risk Insurance will be billed in full in our first application for payment . The Builder' s Risk <br /> Insurance is based on the anticipated amount of the total project , not the initial GMP value . <br /> 9 Taxes , Insurance , Fringes and Benefits on Turner personnel are a fixed rate of 56 . 00% of raw payroll , <br /> exclusive of Worker' s Compensation Insurance . <br /> 10 All costs for Owner furnished and/or Owner installed items are not included in our GMP and will be by <br /> Owner . Owner shall provide delivery, distribution , uncrating and disposal costs . These items shall be <br /> furnished and installed in accordance with the construction schedule and as coordinated by Turner and <br /> so as not to adversely affect the Contractor' s approved construction schedule . These items may require <br /> out of sequence installation . <br /> 11 No retainage will be held on Owner Purchase Orders . <br /> C2 print date : 5/31 /2005 8 :59 AM <br />