TANNER RESEARCH, INC.
MONROVIA BUILDING CONSTRUCTIONS COSTS
BUDGET vs. ACTUAL ANALYSIS
		Cost Estimate		Actual Costs
Item No.	Description of Work	as of 11/9/2005		as of 1/17/2006		Variance		Explanation
001	Drywall, Framing, & Wall Insulation	$       51,910.00		$       62,979.00		(11,069.00)		$7,500 for revised bid for 9 foot walls not 8 foot and hard-topping three labs areas, $2,000 change order for 3 additional interior door ways and 2 sofits (rooms ___ and ___) and $1,500 for lobby sofit.
002	HVAC	$                   -		$       42,990.00		(42,990.00)		Included as a category in budget but had no estimate for costs
003	Electrical	$       54,740.00		$       59,333.00		(4,593.00)		$2,800 for adding outside parking lights and $1,700 server room HVAC's
004	Carpet/VCT/Laminate	$       61,200.00		$       65,333.00		(4,133.00)		Upgrading carpet backing
004a	Major floor prep	$       10,000.00		$         6,000.00		4,000.00		Concrete work for electrical and date in floor less than estimate
005	New Exterior Window (Barry's office)	$       12,000.00		$       18,500.00		(6,500.00)
006	Interior Paint	$       15,000.00		$       30,550.00		(15,550.00)		Painter did not break out interior and exterior costs
006a	Exterior Paint	$                   -		$                   -
007	Acoustical	$       35,000.00		$       39,414.00		(4,414.00)		$5,600 change order for 10,000 sq ft. of new tile installed.
008	Plumbing	$         4,000.00		$         3,300.00		700.00
009	Fire Life Safety	$                   -		$       39,115.00		(39,115.00)		$8,000 change order for new panel because the old one would not meet code and $8,000 change order for design and permitting process because FD contacting vendor
010	Fire Sprinklers	$       12,000.00		$       11,500.00		500.00
011	Doors, Door Frames, door lock/lever	$       26,700.00		$       51,900.00		(25,200.00)		$17,000 change order to replace all doors (not just buy for new door ways), $4,000 change order for new front door and seal south door and $4,000 change order for _____
012	Demo	$       11,560.00		$       13,860.00		(2,300.00)		$1,000 change order to demo concrete pad in west parking lot.
012a	Misc/Laborers	$       15,000.00		$         3,712.00		11,288.00
013	Skylights	$                   -		$         7,000.00		(7,000.00)		Included as a category in budget but had no estimate for costs
014	Cabinets	$         7,000.00		$       13,345.00		(6,345.00)		Estimate did not include printer nooks
015	Movers	$       10,000.00		$       15,583.00		(5,583.00)		Optimistic estimate
	Legal	$         5,000.00		$       22,069.00		(17,069.00)		Estate planning included
	Interior Designer	$                   -		$         1,500.00		(1,500.00)		Did not expect to need this service
	Architect	$                   -		$         3,863.00		(3,863.00)		Should have estimated an amount for budget
	CPA Firm (tax planning)	$                   -		$         4,965.00		(4,965.00)		Should have estimated an amount for budget
	Network cabling	$                   -		$       14,519.00		(14,519.00)		We did not know if we could use existing cabling from prior tenant
	Parking lot sealing and painting	$                   -		$         5,550.00		(5,550.00)		Should have estimated an amount for budget
	Signage for building	$                   -		$         3,789.00		(3,789.00)		Should have estimated an amount for budget
	Lighting retrofit	$                   -		$       15,733.00		(15,733.00)		Expected this to be done by SCE but instead it was a rebate that coved about a fourth of the costs
	Security Alarm	$                   -		$       22,000.00		(22,000.00)		Should have estimated an amount for budget
	Conference table and projectors	$                   -		$       12,000.00		(12,000.00)		Should have estimated an amount for budget
	Tanner Research labor			$       32,445.00		(32,445.00)		Should have estimated an amount for budget
	Due diligence and structural engineering	$                   -		$       14,309.00		(14,309.00)
		$  331,110.00		$  637,156.00		$ (306,046.00)