Project budgets shall be established in accordance with this rule.
(a) Cost-per-square foot guidelines. In accordance with W.S. 21-15-114(a)(v), the Commission adopts the following cost-per-square foot guidelines: - (i) These guidelines shall be used on all Commission-funded remedies to establish the project budget.
- (ii) The Commission shall record in an electronic database all information pertaining to the cost of Commission-funded remedies, with a breakdown by construction division, and including site acquisition, site preparation, off-site infrastructure and design costs.
- (iii) The Commission shall maintain access to, or record in an electronic database, information pertaining to the current RS Means Construction index for Wyoming, including all inflation adjustments.
- (iv) The Commission shall have the ability, on an ongoing basis, to combine these sources of information to arrive at a projected cost per square foot for anticipated remedies to be funded by the Commission in various geographical areas of the State of Wyoming.
- (v) The cost per square foot guideline for construction of any specific remedy may be modified as necessary to address remedy-specific issues, including but not necessarily limited to: land acquisition, site preparation, design, contingencies, FF&E, special studies (e.g. traffic, lighting), surveys, environmental assessments, geotechnical investigations, demolition, comimssioning, owner's representative fees, testing and inspections, plan review, and building permit/occupancy fees.
- (vi) All data used to develop a remedy-specific cost-per-square foot guideline shall be preserved at the business office of the Commission.
(b) As accurately as the data will allow, project budgets shall be developed at the time the remedy is identified and proposed for funding. The project budget shall be based upon the allowable square footage generated by the Facility Design Guidelines multiplied by the cost per square foot guideline applicable to the remedy plus any remedy-specific items identified pursuant to Chapter 10, Section 7(a)(v) of these Rules and Regulations.
(c) Subject to Commission approval, project budgets may be modified once established only upon a showing of unanticipated circumstances, including change of project scope, unanticipated inflation in labor and/or materials, unexpected site conditions or other factors deemed relevant by the Commission.
(d) Project budgets, and all amounts contracted for, or spent on, the remedy, shall form the basis for the required budget submission to the Governor in accordance with W.S. W.S. 21-15-119(a).
027-11 Wyo. Code R. § 11-7