ERIC KRAUSE

In business since 1996
- Krause House Info-Research Solutions -

STUDIES AND PROPOSALS


A Feasibility Study for A Public Indoor Tennis Facility

Presented By Eric Krause
Krause House Info-Research Solutions

For the Cromarty Tennis Club

Sydney, Nova Scotia, Canada
April 11, 2006
Revised
January 16, 2009


(VI) FINANCIAL SUMMARIES

NOTE OF JANUARY 16, 2009:

Some of the recommendations below are now outdated because of later developments.

Index To The Financial Summaries
(Please Click On The Topic Of Your Choice):

  (A) Capital           (B) Yearly Operational    

Capital and Operational Cost Summaries

(A) Capital

(1) Line Items  (Canadian Prices)

Note: A Grant(s) Could Reduce the Overall Cost by 1/3 to 1/2

Line Item

Details

Estimated Cost

 

 

 

Lawyer - Write up contract(s) with contractors

$300.00-$500.00

Default Insurance - To cover the general contractor and sub-contractors

To Be Determined

Permits, connections, etc. - CBRM

To Be Determined

General Contractor and Project Manager - Experienced Contractor To Be Determined - Three bids required to determine the dollar value of the mark-up

"

- Cromarty Community Indoor Tennis Centre Member or Committee No Cost Involved. Savings in the area of 10-20% (low estimation) and even 25-30% (high estimation) could be made by saving General Contactor's mark-up and Project Manager Fees
Land Preparation
(Piece Work)
- Cromarty Tennis Club Site Test Probe Required To Determine the Scope of the Work

"

- Alternate Site

Unknown

Building Kit Purchase Cost - Olympia Pre-Engineered Rigid Frame Kit (Delivered) - (60'x120'x25'x35') $85,865.00 [73,900.00 USA x 1.1619]- Note both the exchange rate and current world steel prices have impacted this April 11, 2006 figure
Building Kit Purchase Cost - Olympia Pre-Engineered Rigid Frame Kit (Delivered) - (60'x140'x26'x35') $117,933.00 [101,500.00 USA x 1.1619] - Note both the exchange rate and current world steel prices have impacted this April 11, 2006 figure
Building Assembly Labour Cost - Joneljim General Contractor & Pre-Engineered Buildings $50,000.00
Thermal Insulation - Materials - Generic Building  $6,000.00-$8,000.00

"

- Materials - For Olympia Pre-Engineered Rigid Frame Kit (60'x120'x25'x35')  $24,400.00 [$21,000.00 USA x 1.1619]

"

- Materials - For Olympia Pre-Engineered Rigid Frame Kit (60'x140'x26'x35')  $34,860.00 [$30,000.00 USA x 1.1619]

"

- Labour To Be Determined
Slab on Grade
(Piece Work)
- Joneljim Concrete Construction (60'x120') $135,520.00
(may need to include anchor-bolts or industrial arch connectors if not supplied with the kit)
Indoor Lighting - Materials (T5 fluorescent blue light technology ) $8,500.00

"

- Installation (T5 fluorescent blue light technology ) To Be Determined
Suspended Ceiling - Materials Not Required
Heating Units - Materials (Infrared Ceramic) $1,500.00

"

- Installation (Infrared Ceramic; Propane tank, piping, regulators, tank bases: ownership) $2,000.00-$4,000.00 depending on size
Plumbing
(Piece Work)
- Water and Sewer To Be Determined
Plumbing - Waterless $1,700.00
Plumbing Appendage or Partitions
(Piece Work)
- Materials $1,000.00
Wiring - Three Phase To Be Determined
Fire Suppression   To Be Determined
Tennis Court - Novacrylic Ultracushion $13,500.00
Interior Tennis Court Equipment - Nets and Posts, etc. $1,000.00
Miscellaneous Interior Amenities - Wall Column Padding $1,000.00
Landscaping - Cromarty Tennis Club Site $1,000.00

"

- Alternate Site Unknown

HST

---------

To Be Determined

 (2) Turnkey - Rigid Frame  (Canadian Prices)

Note: A Grant(s) Could Reduce the Overall Cost by 1/3 to 1/2

Line Item

Details

Estimated Cost

  

     

Turnkey Building on Slab (on flat site)

- Joneljim General Contractor & Pre-Engineered Buildings (60'x120'x35') $216,000.00 USA

 (3) Turnkey - Bubble (air supported)  (American Prices)

Note: A Grant(s) Could Reduce the Overall Cost by 1/3 to 1/2

Line Item

Details

Estimated Cost

  

     

Turnkey Building

- American Cost $58,000 USA to $72,000 USA per court

Turnkey Building on Slab

- American Cost for a 3 Court Bubble (equipment and installation) $260,000.00 USA

 (4) Turnkey - Fabric Frame (tensioned fabric)  (American Prices)

Note: A Grant(s) Could Reduce the Overall Cost by 1/3 to 1/2

Line Item

Details

Estimated Cost

  

     

Turnkey Building

- American Cost for one court $16 and $18 USA per square foot, or $120,000 USA plus $10,000 for an inner building insulating liner

 

(B) Yearly Operational

(1) Line Items  (Canadian Prices)

Note: A Yearly Grant(s) Could Reduce Overall Costs

Line Item

Details

Estimated Cost
     
Lighting - T5 fluorescent blue light technology $0.70 per hour
Heating - Infrared Ceramic $4.82 per hour
Building Maintenance - Olympia pre-engineered Minor
Court Maintenance - NovacrylicUltracushion Minor
Heating System Maintenance - Infrared Ceramic To Be Determined: Maintenance Contract Required
Fire Suppression - To Be Determined To Be Determined: Maintenance Contract Required
Security and Fire Monitoring - To Be Determined To Be Determined: Maintenance Contract Required
Insurance - Property To Be Determined

"

- Third-Party  $1,000.00

"

- Director & Officers Liability (Wrongful Acts) - $2,000,000.00 coverage  $1,250.00

(2) Turnkey - Bubble (air supported)  (American Prices)

Note: A Yearly Grant(s) Could Reduce Overall Costs

Line Item

Details

Estimated Cost

  

     

Turnkey Building

A 3 Court Bubble (Setup/Takedown and Storage) $16,000.00 USA

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