Line 6 - Add-on Factor to Obtain Gross Square Feet - Line 6, Worksheet 2;
Line 7 - Gross Square Feet multiply Line 5 by the sum of 1 plus Line 6;
Line 8 - Present Value of Total Cost of Services and Utilities per USF - Line 8, Worksheet
2;
Line 9 - Lump Sum Cost of Alterations - Line 8, Worksheet 1. See explanation for Line 8,
Worksheet 1. Please note that this number is stated in terms of dollars, not dollars per
GSF;
Line 10 - Estimated Construction Cost of Shell - This number is obtained from discussion
with Engineering Service and knowledgeable sources (see Paragraph 4). Please note that
this number is stated in terms of dollars per GSF ($/GSF);
Line 11 - Total Construction Cost of Shell - Line 7 multiplied by Line 10. Please note that
this number is stated in terms of dollars, not dollars per GSF;
Line 12 - Purchase Price of Land - This is the cost of the minimum-size parcel on which
improvements can be constructed to satisfy VA's space requirements. Consult with
Engineering Service, knowledgeable sources, and local zoning officials to determine the
size and price of such a parcel (see Paragraph 4). Please note that this number is stated
in terms of dollars, not dollars per USF;
Line 13 - Total Cost of Construction - Line 9 plus Line 11 plus Line 12. Please note that
this number is stated in terms of dollars, not dollars per USF;
Line 14 - Present Value of Real Property's Residual Value at the end of the Holding
Period - Line 13, Worksheet 2 multiplied by Line 5. Please note that this number is stated
in terms of dollars, not dollars per USF;
Line 15 - Net Cost to Construct Improved Real Property - Line 13 minus Line 14;
Line 16 - Net Cost to Construct and Occupy a Building per USF - Line 15 divided by Line
5 plus Line 8].
BENEFIT COST ANALYSIS -- 5 of 11
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