Cost Cutting Workshop

10/29/2006

Overview

Standardizing Across Neighborhoods

• This could save us the most money, up to appx $7-10k per unit.

• Architects will share specs. (waiting from OMR)• Management will be meeting with each

Architect, along with a group rep, to discuss this concept and process.

• There will be a joint meeting with both Architects to go over details

• No decisions will be made that change the spec without consultation with the groups.

Cost Saving Items

• All numbers are very approximate!• Environmental issues are not factored in.• Three categories:

– Items that will save us more money: ~$4-6k per unit, ~$3-4k per unit

– Items that will save us some money:~$2-3k per unit

– Items that will save us less money:– ~$1-2k per unit

Flooring for Slab-on-Grade Units(~$4-6k/unit)

• First floor: Polished Concrete throughout– Could offer Pergo-type flooring as an upgrade option

or it could be done post-construction– No wood upgrade option, tricky to do post-

construction– Laura: “I think this is the way to go. It is very

attractive and makes sense”

• Second floor: Painted Subfloor• Second Floor bath: Vinyl

– Possible Tile upgrade– May be an outgassing concern from glues

Flooring for Units with Basements / Second Floor Units (~$3-4k/unit)

• First & Second floor: Painted Subfloor

• Kitchen: Vinyl– Possible Cork upgrade– Possible Tile upgrade– May be an outgassing concern from the glues

• All bathrooms: Vinyl– Possible Tile upgrade– May be an outgassing concern from the glues

Insulated Steel Outside Doors ($2-3k/unit)

• Consider Fiberglass front doors as an upgrade or alternate

• Laura: Yes, insulated steel everywhere, including front doors of units. Keep wood (or fiberglass) at front door of Common House?

Vinyl Windows ($2-3k/unit)

• Can get double or triple glazed glass in a vinyl frame instead of wood for less money

• May be an outgassing concern from glues

• Laura: “I would like to see more in the way of cost and performance comparisons before any final decision to switch to vinyl.”

OSB Subflooring ($2-3k/unit)

• More sustainable

• Better than plywood for outgassing if the binder material is phenol or PMDI rather than UREA formaldehyde

Less Money (~$1-2/unit)

• Cabinetry: Foil Face vs Solid Pine– Wood is expensive! – Possible outgassing concern, unclear how

much

• Laminate Interior Doors– Laminate ok re:outgassing, check the

adhesive used.– Laura raises question as to whether they are

significantly cheaper than currently spec’d flush birch

Less Money (~$1-2/unit)

• Conventional Partition / Exterior Wall Framing – Stew to diagram

• Masonite Soffits (vs T-111)– If painted properly looks good and no long

terms maintenance problems. Laura ok.

Less Money (~$1-2/unit)

• Drop in porcelain bath vanity sinks with laminate countertops– Consider current spec as alternate– Laura is fine with this.

Other Questions?