Hi all,

The Budget Control Group met yesterday.

Here is a summary of our Contingency:

Assuming that we don't get any new large unexpected variation the total remaining at the end of the project (assuming settlement early March) would be around: 186K.

In addition we would have around 31.4K for the kitchen.

See details below.

Here is a list of variations approved for the PROJECT over November/December (from contingency)

Please note that numbers have been rounded for this email, for more details see Nicola's report / PCG meeting report attached.

4..7K for fire alarm canopy

10.4K for patios (M1 and M2)

6.3K Guest Bathroom tiling, etc.

11.1K Slab (Hot water tank)

1.6K Handrails (site works, in addition to provisional sums)

8.6K Asphalt thickening

- 3K For items identified as not needed (from items estimated earlier from contingency)

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39.6K Total approved to be spent from contingency

Contingency remaining before items approved (list above): 76.6K

Contingency remaining after paying for items approved (list above): 37K

Assuming + 80K (A2 profit)

Assuming + 69K (Heritage fence)

Total Remaining at the end of the project: 186K

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In addition, here is a list of variations approved for the KITCHEN over November/December

8.1K Floor & paint

3.2K Plumbing and electrical plugs

1.6K Common House Kitchen 15 Amp powerpoint

5.7K Appliances

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18.6K Total approved

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50K Total budgeted

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31.4K Remaining for kitchen - to be discussed in January 2021.

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If you have any questions, we can discuss this at our meeting - end of January.

Thanks,

Maria

Maria Callau

TOIORA High Street Cohousing

UCOL Member and Project Coordinator

0211847490