Projects significantly less than and more than estimated costs

IU is in the middle of a building boom because of the competitive pricing of recent construction projects, despite the lingering effects of the economic recession. And many of the projects are on time and under budget.

The data below is provided by the University Architect's Office.

PROJECT: Lindenwood Hall & Sycamore Hall (IU Northwest) – storm water drainage
ESTIMATE: $66,000   
BID: $118,652   
OVER BUDGET: $52,652   
PERCENT LOSS: 79.78 percent

PROJECT: IUPUC Reeves Sculpture Plaza
ESTIMATE: $157,355   
BID: $248,960   
OVER BUDGET: $91,605   
PERCENT LOSS: 58.22 percent

PROJECT: Field Hockey Clubhouse – new construction
ESTIMATE: $295,000   
BID: $432,500   
OVER BUDGET: $137,500   
PERCENT LOSS: 46.61 percent

PROJECT: Sports lighting – baseball field
ESTIMATE: $200,000   
BID: $234,995   
OVER BUDGET: $34,995   
PERCENT LOSS: 17.50 percent

PROJECT: Main building. roof replacement
ESTIMATE: $19,948   
BID: $22,200   
OVER BUDGET: $2,252   
PERCENT LOSS: 11.29 percent

* * *

PROJECT: Auxiliary Library Facility #2 archival shelving & guidance system   
ESTIMATE: $2,030,624   
BID: $499,769   
SAVINGS: $1,530,855   
PERCENT SAVINGS: 75.39 percent

PROJECT: Range Road erosion control   
ESTIMATE: $748,000   
BID: $209,815   
SAVINGS: $538,185   
PERCENT SAVINGS: 71.95 percent

PROJECT: Repairs to South Bend parking garage 
ESTIMATE: $126,600   
BID: $39,723   
SAVINGS: $86,877   
PERCENT SAVINGS: 68.62 percent

PROJECT: Wells Library – masonry repairs
ESTIMATE: 255,234     
BID: $81,000   
SAVINGS: $174,234   
PERCENT SAVINGS: 68.26 percent