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Cost Avoidance Calculations <br />City of South Bend - Century Center Building Area(so- 8$225.000 <br />Methodology: - <br />I Avoided Cost is defined as the COST of WAITING ,(Future Cost) M/NUS TODAY'S COST (Current Cost) <br />2 Current Client costs are based on are calcualted using RS Means estimates and may eery from actual project costs In this contract. <br />3 ECM Descriptions & costs are shmvn as (Curren) Client Cost) <br />4 Current cost is adjusted by annual inflation factor over the project duration (years) In addition to miscellaneous adjustment <br />5 factors as listed in Assumptions then calculated & showy as (Future Client Cost) <br />6 Annual payments for the Future Cost are summarized owr the Project duration (total yee4) OM she � as (Future not Annual pmts) <br />7 Awided Cos[ Is the difference between financed future cost and current cost ridded by Project duration (total years) <br />Unlanned,equi mentreladementhcfor <br />8.00° <br />Econom ofscelefadlortoFmulUple pro ecis <br />..7,00•/ <br />Contingency <br />- S,OpY, <br />Other <br />0.,0 <br />Other <br />p, <br />Other <br />0 Y <br />'. Annual linflations I I 235% <br />Cost ofCapital I i i 3.00% <br />Npen Number of Periods= Project savings duration (years) I I I 15 <br />Inflation compounded annually for Nper years In resulting calculations- ENTER ANNUAL rate her, <br />106 <br />