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Dictionary of FUSION and Facilities Related Terms

 
 

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Cost Estimate Summary and Anticipated Time Schedule

An accurate completed Cost Estimate Summary (JCAF 32), indexed to the appropriate time period, including the "Quantities and Unit Costs Supporting the JCAF 32" (commonly called the architect's costs estimate) is required for all projects. All costs should be estimated to the mid-point of construction. In addition, date all cost estimates showing month and year and give a clear accounting of all State and non-state funds involved. Supporting data is required for all utility, site development, and new building reconstruction costs. Contractors' overhead and mark-up costs should be included in the system cost and not be added to the end of the supporting data as a lump sum.