Building Update 4
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Regeneration<br />
Construction Cost Overview<br />
Spent £1,583,000<br />
Estimated construction costs to<br />
complete<br />
£3,260,000<br />
£4,843,000<br />
Original budget -£3,000,000<br />
Additional expenditure £1,843,000<br />
Significant increases in cost<br />
Remedial works included in<br />
estimate (excl. fees)<br />
£555,000<br />
Increased costs in<br />
construction over 4 years<br />
(£2,000,000 x 15.84%)<br />
£320,000<br />
Additional fees £207,000<br />
Original budget £88,000 £119,000 -£994,000<br />
Net additional expenditure £849,000