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Project Group Description Construction Agreement Budget
(Oct. 2005)
Budget as of June 2010 Change Narrative
(Oct. 2005 to Jun. 2010)
Budget as of Jun. 2013 Change Narrative
(Jun. 2010 to Jun. 2013
Project-Wide Costs: Design and Engineering Services Environmental review and project design (PE and Final Design), consultant construction management, public art, equipment purchases, and project coordination transfer payments $148 $288 Costs increased due to an extended duration of the design and overall project. Construction support costs were also increased by the requirement to maintain regular service during most of the construction period (other than planned late-night or weekend service diversions). $311 Support costs increased for extended duration of the overall project from Construction Agreement plan
Project-Wide Costs: Real Estate Real estate-related costs $123 $221 Real estate costs increased due to an unprecedented appreciation in property values in Lower Manhattan after estimates were prepared. $221  
Project Reserve Overall Project contingency reserve $62 $104 Following completion of extensive project review presented to Board in May 2009, MTA allocated additional change order contingency. $37 Transfer of project reserve to individual budget line items.
2/3 Station Rehabilitation and 4/5 Stairs Rehabilitation of the 2/3 Fulton Street Station and construction of new entrances to the 4/5 Fulton Street Station at the southern end of both the uptown and downtown platforms $44 $49 Greater than planned requirement for change order contingency, utility work, in-house labor, and in-house construction administration due to unexpected field conditions that extended the duration of work. $49  
Dey St Concourse Structural Box Construction of the structural box under Dey Street for the concourse that will connect the new Transit Center building on Broadway to the World Trade Center complex west of Church Street. The scope of work included underpasses under the R Line at Cortlandt Street and the 4/5 Line at Broadway. $140 $163 Significantly greater than planned requirement for change order contingency and utility work due to expanded scope requirements and unexpected field conditions that extended the duration of work. In addition, 4/5 underpass construction required more service diversions than anticipated because of the complexity of the work. Cost increases related to this work for utility payments, construction support labor, and in-house construction administration are included in the Project-Wide Costs: Design and Engineering line item. $162  
Transit Center Deconstruction and Foundation Deconstruction of the buildings on the Transit Center Building site and construction of the foundation of the Building $44 $99 Cost increase due to transfer of scope from the Transit Center Enclosure package. Cost increases related to this work for utility payments, construction support labor, and in-house construction administration are included in the Project-Wide Costs line item. $98  
Balance of Work: Transit Center Building; A/C Mezzanine Reconfiguration; Finishes, including Dey St Concourse, Dey St Headhouse, and 4/5 Station Rehabilitation; Corbin Restoration; Cortlandt Improvements Construction of Transit Center Building (including oculus and retail space), reconfiguration of A/C Mezzanine, finishes for Dey St Concourse and underpasses, finishes for Dey St Headhouse, rehab of 4/5 Fulton St Station, restoration of Corbin Building, improvements at R Cortlandt St Station, and connection of R and E Lines at Cortlandt $287 $476 Cost increase due to escalation because of later start and extended duration, complexity of maintaining service through most of construction, inclusion of security-related enhancements, and complexities created by separating work into different contract packages. Cost of Corbin Building restoration work increased to several times original estimate, which was based on a preliminary assessment of the structure. Offsetting some of the cost increase was the transfer of scope from the Transit Center Enclosure package to the Foundation package. Cost increases related to this work for utility payments, construction support labor, and in-house construction administration are included in the Project-Wide Costs: Design and Engineering line item. $521 Transfer in of project reserve to individual construction contract contingency. Funds added for design enhancements for increased commercial space and improved signage.
Total Budget   $847 $1,400   $1,400  
Fulton Center Opening   ┬áJune 2009 ┬áJune 2014 Overall project completion date was delayed by numerous extended project reviews to address cost increases. To mitigate the impact of the delays, MTA advanced specific customer benefit milestones for rollout between 2011 and 2014. June 2014