Provation

SAMPLE BUDGET/ FEE STRUCTURE

MANAGE FINANCIAL EXPECTATIONS

24,453 165 Sample Headquarters Relocation Budget

Project Size (RSF) Total Number of Seats Lease Term 1. SOFT COSTS Line Item No.

10 Years

Cost Type Cost

Description

RSF

Cost/SF Total Amount

1.01 1.02

CapEx Soft Costs Architectural/MEP Design Fees

24,453 4.50 110,038.50

OpEx

Soft Costs Outside Counsel Lease Review

24,453

0.50 12,226.50

Soft Costs Subtotal 24,453

5.00

122,265.00

2. HARD COSTS Line Item No.

Cost Type Cost

Description

RSF

Cost/SF Total Amount

2.00 2.01

CapEx Hard Costs Tenant Improvements

24,453 70.00 1,711,710.00

CapEx Hard Costs Construction Contingency (10%)

24,453 7.00 171,171.00 Hard Costs Subtotal 24,453 77.00 1,882,881.00

3. FF&E

Line Item No.

Cost Type Cost

Description

RSF

Cost/SF Total Amount

3.00 3.01 3.02 3.03 3.04

CapEx

FF&E Furniture (all new) FF&E A/V Equipment

24,453 30.00 733,590.00 24,453 10.00 244,530.00 24,453 0.75 18,339.75 24,453 0.50 12,226.50 24,453 0.10 2,540.00 24453 41.35 1,011,226.25

ESTIMATED PROVATION RELOCATION COST $717,695

FF&E Telecommunications Equipment

FF&E Security System FF&E Interior Signage

FF&E Costs Subtotal

4. EXPENSES Line Item No.

Cost Type Cost

Description

RSF

Cost/SF Total Amount

4.04

Expenses Moving Costs (no furniture relocation)

24,453 0.50 12,226.50

Expenses Subtotal

0.50 12,226.50

6. GRAND TOTAL Line Item No.

Cost Type Cost

Description

RSF

Cost/SF Total Amount

6.00 6.01 6.02 6.03

Soft Costs Subtotal Hard Costs Subtotal FF&E Costs Subtotal Expenses Subtotal

24,453 5.00 122,265.00 24,453 77.00 1,882,881.00 24,453 41.35 1,011,131.55

24,453 0.50 12,226.50 Total Project Cost 24,453 123.85 $ 3,028,504.05

Landlord Tenant Improvement Allowance 24,453 60.00 1,467,180.00 10 Months Free Rent (based on $39.00/FS) 24,453 32.50 794,722.50 Move Allowance 24,453 1.00 24,453.00 Project Management 24,453 1.00 24,453 Total Landlord Concessions 24,453 94.50 $ 2,310,808.50 Total Estimated Tenant Exposure 24,453 29.35 $ 717,695.55

6. FEE SUMMARY

Broker Commission Fee 24,453 Financial Analysis Fee 24,453 Workplace Strategy Fee 24,453

(10.80) Paid by Landlord

(0.55) (1.00)

Paid by C&W Paid by C&W

Customary brokerage fees are typically paid by the Landlord. For this assignment, Cushman & Wakefield will absorb all service line fees for workplace strategy and financial analysis.