Whitesands project costs and funding
A summary of the expenditure costs and funding details.
Calculated expenditure (exclusive of VAT and operational or maintenance costs):
Construction costs - £16,954,713.12
Building warrant fees - £15,000.00
Design Team fees (based on 12% of construction costs) - £2,034,565.57
Supervision costs (Dumfries and Galloway Council) - £250,000.00
Investigative costs - £25,000.00
Land purchase costs - £350,000.00
Preconstruction ecology costs - £18,750.00
Ground investigation - £100,000.00
Legal costs - £100,000.00
Risk/contingency (80% percentile) - £3,970,053.00
Design costs to 2016 - £1,200,000.00
Project cost - £25,018,081.69
These costs were calculated by independent quantity surveyors, McGowan Millar, in December 2016.
80% of the funding for this project will come from Scottish Government. This money is for a flood protection scheme and couldn't be used for any other projects in the town.