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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