CONFIDENTIAL - SENSITIVE Development Bank of the Philippines qe eat eee a 3 March 27, 2020 er ee " [sl For : The Head, Construction & Facilities Management Department Thru : The Head, Property Appraisal and Credit Investigation Deprment From : The Acting Head, Property Appraisal Unit III-PACID SUBJECT DBP MANILA-NAKPIL BRANCI ROPOSED RENOVATION This refers to your memo dated March 3, 2020 requesting for validation of the Estimated Project Cost of the proposed Renovation Plan of OBP Manila-Nakpil Branch located at G/F Leticia Bidg., Julio Nakpil St. cor. 1804 Taft Ave., Malate, Manila based on the submitted Building Plan and Bill of Materials with Cost Estimates. Engr. Justin Troy C. Pagwagan, Junior Appraiser evaluated the said documents and his findings are as follows: * 1, The total computed built-up area of the project is 120 square meters, more or less. 2, The total estimated budgetary cost for Civil works only are as follows: Scope of Works Estimated Cost Cost/m? 1. Civil Works a. General Requirements 43,003.02 q b._ Site Works 16,500.75 c. Wood & Plastic 65,357.61 [d. Doors & Windows 242,405.63 e._ Finishes 75,580.32 Total for Civil Works P 442,847.33 > 3,690.39 Other project components, Equipment, Furniture and Fixtures and other works which will be procured separately are as follows: 3. EFF and Other Works a. Specialties P 170,219.44 b. Mechanical Works 19,687.50 [c._ Modular Furnitures 173,827.50 Total for EFF and Other P 363,734.44 % 3,031.12 Works Head Office: Sen Gil J, Paya Avene corner Matt Avene, Makati Cis Philippaes P.O. Box 196, Maat Cental Post fc, 1200 Ma iy Fel: B91 1 20; 818-9611 1 20 ww evbokpom f MAGER § pave: Photo |CONFIDENTIAL - SENSITIVE Subject: DBP Properties ~ Proposed Renovation Plan of DBP Manila-Nakpil Branch Page 2 of 2 3. Overall, the submitted Estimated Project Cost of 806,581.77 is believed fair and reasonable when compared with the industry’s construction cost for typical office with standard finishes. ‘fications of the materials and the quantities in the submitted Bill of Materials and Cost Estimates were presumed correct based on CFMD's design and adopted by PACID. hank you: fro Q VIRGILIO L. ACORDA Manager ae 6 rh 20 ITT Td BF ji Dept Head Otfie: Sen. Gil. Paya Avenue corer Malt Aven, Makati City Philippines PB 1996, Makar Cena Pos Oc, 1200 Maks ity Tel 18-9811 20, 818961 49 20 cavbhcm