Tool 03
Bond Program Budget Builder
Convert a bond authorization into realistic construction purchasing power after soft costs, escalation, contingency and owner costs.
Runs in your browser. Nothing is stored.
Program assumptions
Example values - replace with your ownTotal amount approved (or proposed) by voters.
Underwriting, bond counsel, financial advisor, ratings and related costs.
Design, DSA fees, testing and inspection, project/program management. Percent of construction.
Expected annual construction cost increase.
Average time from today until the midpoint of construction across the program.
Percent of construction for unforeseen conditions and changes.
Furniture, fixtures, equipment and technology. Percent of construction.
Held back from net proceeds for program-level risk.
All percentages are planning assumptions. Confirm issuance costs, escalation, soft-cost, contingency and owner-cost factors with the district’s financial advisor, bond counsel, architect and cost estimator.
Construction purchasing power
Hard construction purchasing power (today’s dollars)
$57,738,288
57.7% of the bond authorization
Construction budget at midpoint (escalated dollars)
$66,839,286
Where the authorization goes
- Hard construction (today’s dollars)$57,738,288 · 58%
- Escalation$9,100,998 · 9%
- Contingency$6,683,929 · 7%
- Soft costs$16,709,821 · 17%
- Owner costs (FF&E / technology)$3,341,964 · 3%
- Program reserve$4,925,000 · 5%
- Issuance / financing costs$1,500,000 · 2%
Step-by-step
| Item | Amount | Share |
|---|---|---|
| Bond authorization | $100,000,000 | 100.0% |
| Less: Issuance / financing costs | ($1,500,000) | 1.5% |
| Net bond proceeds | $98,500,000 | 98.5% |
| Less: Program reserve | ($4,925,000) | 4.9% |
| Available for project budgets | $93,575,000 | 93.6% |
| Less: Soft costs | ($16,709,821) | 16.7% |
| Less: Owner costs (FF&E / technology) | ($3,341,964) | 3.3% |
| Less: Contingency | ($6,683,929) | 6.7% |
| Construction budget at midpoint (escalated dollars) | $66,839,286 | 66.8% |
| Less: Escalation | ($9,100,998) | 9.1% |
| Hard construction purchasing power (today’s dollars) | $57,738,288 | 57.7% |
For planning purposes only. Results are not a substitute for a professional districtwide assessment.
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