Town of Palm Beach Shores Undergrounding Overhead Power
Town of Palm Beach Shores Undergrounding Overhead Power & Communications Utilities Brannon & Gillespie, LLC - 631 US Highway 1, Suite 301 - North Palm Beach, FL 33408 1
Town of Palm Beach Shores Undergrounding Overhead Power & Communications Utilities Work Components FPL Binding Cost Estimate Brannon & Gillespie, LLC - 631 US Highway 1, Suite 301 - North Palm Beach, FL 33408 2
Town of Palm Beach Shores Undergrounding Overhead Power & Communications Utilities FPL Binding Cost Estimate FPL is still working through getting the final plan drawings completed. The cost portion of the Binding Cost Estimate (funds due FPL for the Conversion) has been delivered. Brannon & Gillespie, LLC - 631 US Highway 1, Suite 301 - North Palm Beach, FL 33408 3
Town of Palm Beach Shores Undergrounding Overhead Power & Communications Utilities FPL Binding Cost Estimate. Last minute corrections in the FPL design to eliminate renovation of existing underground facilities resulted in a reduction in the cost of the installation of the FPL underground facilities of approximately $50, 000. In addition, we identified an omission of a $140, 000 credit for avoided overhead and direct supervision expenses which is associated with the work being performed by the Town’s contractor. Brannon & Gillespie, LLC - 631 US Highway 1, Suite 301 - North Palm Beach, FL 33408 4
Town of Palm Beach Shores Undergrounding Overhead Power & Communications Utilities FPL Binding Cost Estimate Effective March 2018, all projects having overhead feeder lines that were to be hardened will get a cost reduction for purchase price (net book value) and the removal cost of the involved overhead feeder lines. We expected the changes in the FPL Tariffs filed with the Florida Public Service Commission would provide a cost reduction in our project of approximately $200 K to $300 K. We cannot determine the exact amount that was deleted from the estimates, but the actual reduction appears to be closer to $500 K to $600 K. Brannon & Gillespie, LLC - 631 US Highway 1, Suite 301 - North Palm Beach, FL 33408 5
Town of Palm Beach Shores Undergrounding Overhead Power & Communications Utilities FPL Binding Cost Estimate The original Ballpark estimate provided by FPL was $3, 500, 000. Adding the additional cost for the Vista Switches would normally increase that number by approximately $689, 000 to a level of $4, 189, 000. With the credits and reductions, the amount of the Binding Cost Estimate where FPL does all the FPL work is $3, 391, 509 which is well within our budget. Brannon & Gillespie, LLC - 631 US Highway 1, Suite 301 - North Palm Beach, FL 33408 6
Town of Palm Beach Shores Undergrounding Overhead Power & Communications Utilities FPL Binding Cost Estimate The Town has 180 days to execute the FPL contract which provides us the time we need to secure contractor pricing will be compared to FPL pricing to verify we have the best solution for executing the project. Brannon & Gillespie, LLC - 631 US Highway 1, Suite 301 - North Palm Beach, FL 33408 7
Town of Palm Beach Shores Undergrounding Overhead Power & Communications Utilities FPL Binding Cost Estimate Brannon & Gillespie, LLC - 631 US Highway 1, Suite 301 - North Palm Beach, FL 33408 8
- Slides: 8