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Memo forwarding OEM project cost estimate, June 1998

Machine-extracted title · confidence 95%

Letter from DCAS forwarding a construction cost estimate for the Mayor's Office of Emergency Management to the Office of Management and Budget.

NYC-WTC_000173108

Folder label: “OEM, 7WTC

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NYC 9/11 Public Portal Document

DEPARTMENT OF CITYWIDE ADMINISTRATIVE SERVICE DIVISION OF REAL ESTATE SERVICE

MUNICIPAL BUILDING, - Room 2053S NEW YORK, N.Y. 10007 (212)669-3640 Fax (212) 669-2666

WILLIAM I. DIAMOND LORI FIERSTEIN Comnussidner D^uty Cbmmissioner

February 11, 1998

Mr. Conan Freud Assistant Director Office of Management & Budget 75 Park Place, 9* floor New York, New York 10007

Re: OEM, 7 WTC

Dear Mr. Freud,

Pursuant to your discussions with First DC Iris Weinshall and me, I am forwarding to you a copy of the February 3, 1998 cost estimate developed by Ambassador Construction (Silverstein’s designated CM) for the referenced project.

The construction estimate totals $10,879,068, however, it contains many clarifications, exclusions, and does not have a contingency. In addition, the fees for general conditions, ^.overhead & profit, and financing have not been negotiated. The estimate was given to us without ^any detail or backup (which Ambassador does not have) so that we may evaluate it’s merits.

Based on the Ambassador estimate the project cost could be:

Construction Costs $10,879,068 Financing Costs $ 500,000 n Furniture Costs $ 1,500,000* — " Telephone & Communication Costs $ 1,000,000* Cooling Tower on Roof $ 650,000 Security System $ 100,000 Sales Tax $ 500,000 Mise. Contingency $ 1,500,000 A & E fees $ 750.000 Subtotal $17,379,068 -Minus Landlord contribution $ 2,252.925 Total City Costs $15,126,143

* Preliminary numbers subject to discussions with OEM.

NYC-WTC_000173108

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NYC-WTC_000173108Source: NYC Law Department, mirrored locally

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Cost estimate memo for 7 WTC project, May 1998 · Box 7DCAS

NYC-WTC_000167629

Letter forwarding a construction cost estimate of over $10 million for a 7 World Trade Center project to the Office of Management and Budget.

3 shared non-person entities · 1 shared topics · Same agency, volume and box · similarity 0.958

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