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Illinois Facilities Fund Worksheet Number 8 page 1 of 4 Creating a Project Development Budget This worksheet is designed to help organizations estimate the total costs of their real estate project.. It is recommended that the following inspections be conducted to determine the condition and potential cost to repair the following items before you make an offer to purchase a building: l l l l l Electrical Plumbing Mechanical Roofing Structural B: Construction (also known as Hard Costs) Renovation Costs Enter the cost per square foot for renovating an existing building as estimated by an architect, project manager, estimator or general contractor.. Furnishings and Equipment Program Equipment Data Communication Equipment Security Equipment Other Furnishings Other Notes Worksheet Number 8 Creating a Project Development Budget page 4 of 4 Total Cost Purchase Price Estimate Per square foot Per square foot of Construction Costs Estimate Estimate of Construction Costs Estimate Estimate (If necessary) For New Construction For Renovation or New Construction Estimate of project costs Estimate Estimate Estimate Estimate Estimate of Loan Amount of Bank Loan used during construction Estimate Estimate Based on tax records Estimate Estimate Estimate Estimate Estimate Subtotal Furnishings and Equipment Total Development Cost Estimate These worksheets are meant to provide introductory information and are not to replace the assistance of hired consultants and professionals..
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