1

2012 Cost Table Corrections

Department of Local Government Finance

David SchwabSenior Statistician/Application Systems Analyst

Terry KneeField Supervisor

January 18 ‐ 20, 2012

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Agenda

Overview

2012 Cost Table Corrections

2012 Ratio Study Guidance

2012 Ratio Study Format

3

Overview

4

Overview

New cost tables published Sept. 2, 2011

Available at DLGF websitehttp://www.in.gov/dlgf/2444.htm

New tables updated:– Residential, Commercial, and Industrial cost schedules

– Location Cost Multipliers

– Depreciation base year

Set to March 1, 2012

Depreciation schedules not updated

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Overview

Reasons for update– Changes in construction costs

Overall increase

Relative cost of some items changed:

– Basements more expensive than upper stories

– Brick increased more than frame

– Changes in buyer preferencesLarger homes

“Big‐box” stores

– Changes in builder markup (profit)

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2012 Reassessment

Must use updated cost schedules

May use own depreciation schedules

May use own Location Cost Modifier– Must be developed from local cost data

– May not be from cost service (i.e. Marshall and Swift)

– Requires Department approval

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2012 Cost Table Corrections

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2012 Cost Table Corrections

Residential Corrections– Schedule A:  Dwelling Base Prices

Base values: 4,250; 4,500; and 4,750 sq. ft.

Commercial/Industrial Corrections– Schedule A.2:  GCI Base Prices

Base values for:

– Light Utility/Storage

– Heavy Utility/Storage

– Light Warehouse

Wall Type 3 rate for first floor (all use types)

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2012 Cost Table Corrections

Commercial/Industrial Corrections– Schedule A.4:  GCK Base Rates

Base rates:  Light metal/wood siding pole frame

Modifiers:

– Rigid steel frame

– Concrete floor deduction

Typographical ErrorsAttached canopy base rates omitted (pg. 43)

Schedule A.3: GCR Base Prices: incorrect first floor wall height for Apartment

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Residential Corrections

Schedule A: Dwelling Base Rates– Affects

4,250; 4,500; and 4,750 sq. ft. base rate

All columns

– CauseWrong interpolation between 4,000 and 5,000 sq. ft. base rates

– CorrectionUsed correct interpolation

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Residential Corrections

Schedule A Correction (First Three Columns Only)

First FloorArea 1 ‐ 5 + 6 ‐ 8

4250 2039 30 22184500 2050 30 22304750 2060 30 2241

4250 2071 31 22534500 2179 32 23694750 2287 33 2484

Incorrect

Correct

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Commercial/Industrial Corrections

Schedule A.2: GCI Base Rates– Affects

Light Utility/Storage, Heavy Utility/Storage, and Light Warehouse base rates

First floor; all wall types, all PAR values

– CauseWrong wall height was used in initial calculations

– CorrectionRecalculated using correct wall height

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Commercial/Industrial CorrectionsSchedule A.2 Correction (Light Utility/Storage, First Floor, PAR 1‐3 Only)

PARWall Type 1 2 3

1 22.23 26.14 31.092 23.56 28.88 35.423 21.68 25.01 29.31

1 22.66 26.86 32.132 24.00 25.59 36.453 22.11 25.73 30.35

Incorrect

Correct

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Commercial/Industrial Corrections

Schedule A.2: Wall Type 3 Base Rate– Affects

First floor; all use types

– CauseCalculation error

– CorrectionRecalculated using correct process

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Commercial/Industrial CorrectionsSchedule A.2 Correction (Wall Type 3, First Floor: Selected Use Types)

Use Type Wood JstRein Conc FP Steel

Light Utility/Storage 13.08 15.27 16.25Heavy Manufacturing 13.44 15.90 16.49

Industrial Office 12.52 14.61 15.57

Light Utility/Storage 10.26 11.81 12.92Heavy Manufacturing 10.26 11.81 12.92

Industrial Office 9.75 11.21 12.29

Incorrect

Correct

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Commercial/Industrial Corrections

Schedule A.4: GCK Base Rates– Affects

Light metal/wood siding pole frame base rates

Steel frame and concrete floor modifiers

– CauseCalculation error

– CorrectionRecalculated using correct process

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Commercial/Industrial CorrectionsSchedule A.4 Correction (PAR 1‐3 Only)

PAR1 2 3

Light Metal/Wood Siding Pole Frame 11.17 11.81 12.36Rigid Steel Frame Construction ‐3.25 ‐2.45 ‐1.30

Concrete Floor 4.75 4.75 4.75

Light Metal/Wood Siding Pole Frame 9.56 10.27 10.98Rigid Steel Frame Construction ‐0.33 ‐0.29 ‐0.25

Concrete Floor 3.14 3.22 3.46

Incorrect

Correct

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Typographical Corrections

Special Use Commercial Property– Attached canopy base rates missing

– Values per square foot:Steel frame  $20.75

Wood frame $9.00

Schedule A.3: GCR Base Prices– Apartment first‐floor height listed as 10’

– Changed to 9’ per guidelines

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2012 Ratio Study Guidance

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General Guidance

Must have approved ratio study

Should submit by May 1, 2012

Must be data compliant.– Sales Disclosure

– Real Property

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General Guidance

2012 ratio study based on:– Updated land values

– Updated cost schedulesDepreciation base year:  2012

Updated LCM

– Changes in parcel characteristics

May adjust further (“trending”), but not necessary if standards met

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General Guidance

Assessment Date:   March 1, 2012

Valuation Date: March 1, 2012

Inspection Period: July 1, 2010 – March 1, 2012

Confirm inspections prior to July 1, 2010 with:

– Property visit

– Permit review (and visit if necessary)

– Oblique photography (i.e. Pictometry)

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Ratio Study Review Standards

Standards outlined in IAAO 2007 Standard on Ratio Studies

No changes in median, COD, or PRD for 2012

Changes for 2012

– Sales window

– Multiple sales years

– Sales chasing

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Sales Window

March 2, 2010 – March 1, 2012.

Two years of sales– Not usual 14‐month window

Older sales usable if time‐adjusted– Up to 5 years

Townships may have different sales windows– Time adjustments must use all comparable sales, even those not in ratio study

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Multiple Sales Years

Ratio Study:

– Adams Twp. 50 current sales

– Boone Twp. 5 current & 10 older sales

Boone Time Adjustment:

– Adams Twp. 50 older sales

– Boone Twp. 10 older sales

60 sales total

TownshipAdams Boone

Current Sales 50 5Older Sales 50 10Total Sales 100 15

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Sales Chasing

Appendix D of 2007 IAAO Standard lists oversight methods:– Average value changes

– Average value per unit changes

– Follow‐up ratio study

– Automated valuation model

Department mostly uses average value change (Mann‐Whitney test)

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Sales Chasing

Mann‐Whitney test unreliable during reassessment

Mann‐Whitney test not used for 2012 review.

Other Appendix D methods used at Department’s discretion

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2012 Ratio Study Format

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Ratio Study Format

New 2012 ratio study format

Reasons:– Process study in SPSS

– Reconcile sales faster

Study still submitted in Excel

SPSS NOT needed to do formatting

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General Formatting

MS Excel compatible spreadsheet

Seven Familiar tabs– Study Sections (6 tabs)

– Summary tab

Two New tabs– Formatted:  SPSS readable data

– MultiParcelSales:   Sales reconciliation

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Formatted Tab

Field Name Format Example

ParcelNumber Text 01‐00‐00‐000‐000.000‐001Township Text AdamsNeighborhood Text 1000PropertyClass Text 510TaxingDistrict Text 1 SaleDate Date 1/1/2012StudySalePrice Number 100,000 CurrentLandAV Number 20,000 CurrentImpAV Number 80,000 CurrentTotalAV Number 100,000 

Familiar Fields

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Formatted Tab (New Fields)

Stratification Fields– StudySection

– Grouping

Sales Reconciliation Fields– SDFID

– MultiParcel

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Formatted Tab (New Fields)

Field Name Format Example

SDFID Text C01‐2012‐000001MultiParcel Text YStudySection Text ResImpGrouping Text CombinedResVav

New Fields

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Formatted Tab (Stratification)

Two New Fields– StudySection: where sale is used

ResImp ResVac

ComImp ComVac

IndImp IndVac

– Grouping:  which townships are combined

Unique name:– AdamsBoone

– CombinedResVac

Enter “None” if not combined

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Formatted Tab (SDFID)

SDFID (Sales Disclosure Form ID)

Unique ID for each sales disclosure

Example: C01‐2012‐000001– C01: County number

– 2012: Sales year

– 000001: ID number

Assigned by– Online Sales Disclosure Application

– Vendor

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Formatted Tab (SDFID)

Sales Data files list all SDFIDs

Sales Data and Ratio Study can differ– Validity

– Property class

Parcels can sell multiple times

SDFID can match Sales Data to Ratio Study every time

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Formatted Tab (SDFID)

Approved Sales Data file sent with approval.

Reconciliation report for ratio study– Lists sales needing

– Parcel‐level data, not aggregate

– Back to 2010 if data available

– Summary data for 2009 and older sales.

Manual reconciliation for sales without SDFID

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Multi‐Parcel Sales

New field: “MultiParcel”

New tab:   MultiParcelSales

Field only used on Formatted tab.

New format only used on Formatted tab.

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Multi‐Parcel Sales (Formatted Tab)

Include primary or first parcel number.

Mark new “MultiParcel” field “Y”

Include parcel characteristics– Property class, neighborhood, etc.

Include total sales price.

Include sum for all parcels in sale:– Land AV

– Improvement AV

– Total AV

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Multi‐Parcel Sales (Formatted Tab)

Sale DataParcel Number Property Class Current Total AV

000.000‐001 510 119,000

000.001‐001 500 21,000

Formatted TabParcel

NumberMulti

ParcelProperty

ClassStudySale

PriceCurrent TotalAV

000.000-001 Y 510 135,000 140,000

Sale Price135,000

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Multi‐Parcel Sales (MultiParcelSales Tab)

Sale DataParcel Number Property Class Current Total AV

000.000‐001 510 119,000

000.001‐001 500 21,000

MultiParcelSales TabParcel Number Primary Property Class StudySale Price

Current TotalAV

000.000‐001 Y 510 135,000 119,000000.001‐001 N 500 135,000 21,000

Sale Price135,000

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Questions?

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Contact The Department

• David Schwab

• Telephone: 317.234.5861

• E‐mail: dschwab@dlgf.in.gov

• Terry Knee

• Telephone: 317.519.1809

• E‐mail: tknee@dlgf.in.gov

• Web site: www.in.gov/dlgf

• “Contact Us”: www.in.gov/dlgf/2338.htm

• Fax: 317.232.8779

Summary of Corrections to 2012 Cost Schedules

Appendix C: Residential and Agricultural Cost Schedules

Schedule A: Dwelling Base Prices (Note: Only header row and corrected rows are shown.)

Initial Release (July 1, 2011)

Dwelling Base Prices (in hundreds of dollars)

100 to 1475

First Floor Half Upper Story (+/- 1) Full Upper Story Unfin Attic Unfin

Bsmt

Area 1 - 5 + 6 - 8 1 - 5 + 6 - 8 1 - 5 6 - 8 1 - 5 + 6 - 8 Attic Fin Bsmt Crawl Fin

4250 2039 30 2218 800 2 816 140 228 1080 32 1272 169 315 679 131 892

4500 2050 30 2230 804 2 820 141 229 1086 32 1279 170 317 682 131 898

4750 2060 30 2241 809 2 825 142 230 1092 32 1286 171 319 686 132 903

Corrected Release

Dwelling Base Prices (in hundreds of dollars)

100 to 1475

First Floor Half Upper Story (+/- 1) Full Upper Story Unfin Attic Unfin

Bsmt

Area 1 - 5 + 6 - 8 1 - 5 + 6 - 8 1 - 5 6 - 8 1 - 5 + 6 - 8 Attic Fin Bsmt Crawl Fin

4250 2071 31 2253 814 2 830 143 232 1098 33 1293 172 321 690 133 908

4500 2179 32 2369 859 2 876 149 242 1154 35 1357 182 340 724 139 959

4750 2287 33 2484 904 2 923 154 250 1210 36 1422 191 359 758 144 1010

Appendix G: Commercial and Industrial Cost Schedules

Schedule A.2: GCI Base Price (Note: Only header row and first floor values shown. Changes are highlighted.)

Initial Release (September 2, 2011)

SCHEDULE A.2

GCI Base Prices

2 1 3 4

Fire Resistant Wood Rein F P

Floor Fin Use Flr Wall Jst Conc Steel

Level Type Type Hgt Type 1 2 3 4 5 6 7 8 9 10 +1 (-) (+) (+)

First UF Light Utility/Storage 14' 1 22.23 26.14 31.09 36.19 40.74 45.66 51.10 58.19 63.48 69.80 6.49 10.26 11.81 12.92

2 23.56 28.88 35.42 42.19 48.43 55.12 62.49 71.91 79.08 87.55 8.50 10.26 11.81 12.92

3 21.68 25.01 29.31 33.72 37.61 41.80 46.44 52.52 56.99 62.37 5.60 13.08 15.27 16.25

Heavy Utility/Storage 14' 1 26.79 30.87 36.14 41.52 46.27 51.37 57.05 64.47 69.95 76.50 6.62 10.31 11.52 13.32

2 28.13 33.61 40.47 47.52 53.96 60.84 68.44 78.19 85.55 94.24 8.63 10.31 11.52 13.32

3 26.24 29.74 34.36 39.04 43.14 47.51 52.39 58.79 63.46 69.06 5.73 13.88 15.90 17.54

Light Warehouse 18' 1 24.59 28.57 33.65 38.86 43.48 48.46 53.99 61.21 66.56 72.95 6.52 11.30 13.03 14.19

2 26.42 32.30 39.57 47.07 54.00 61.41 69.57 79.97 87.90 97.23 9.27 11.30 13.03 14.19

3 23.89 27.13 31.38 35.71 39.49 43.54 48.04 53.99 58.32 63.52 5.40 14.19 16.58 17.62

Mini Warehouse 12' 1 14.94 18.43 22.68 27.15 31.18 35.57 40.42 46.70 51.46 57.16 5.78 9.30 10.93 11.48

2 16.03 20.66 26.22 32.04 37.46 43.29 49.71 57.90 64.18 71.64 7.42 9.30 10.93 11.48

3 14.47 17.46 21.15 25.01 28.48 32.24 36.40 41.80 45.85 50.73 5.00 12.87 15.30 15.70

Commercial 14' 1 29.81 34.18 39.86 45.63 50.73 56.19 62.28 70.21 76.06 83.04 6.98 10.26 11.81 12.92

Garage 2 31.14 36.91 44.19 51.63 58.42 65.66 73.67 83.93 91.66 100.79 8.99 10.26 11.81 12.92

3 29.26 33.05 38.08 43.16 47.60 52.34 57.61 64.54 69.58 75.61 6.09 13.08 15.27 16.25

Hanger 20' 1 32.00 37.23 43.92 50.74 56.87 63.42 70.68 80.06 87.05 95.34 8.20 11.81 13.63 14.83

2 34.07 41.47 50.64 60.05 68.81 78.11 88.36 101.35 111.26 122.88 11.32 11.81 13.63 14.83

3 31.22 35.63 41.41 47.25 52.45 57.96 64.09 72.06 77.93 84.91 6.98 14.75 17.24 18.30

Truck Terminal 14' 1 25.55 30.19 35.56 41.06 45.94 51.43 57.63 64.80 70.64 77.65 7.10 10.26 11.81 12.92

Warehouse 2 26.88 32.92 39.88 47.06 53.63 60.90 69.02 78.52 86.24 95.40 9.11 10.26 11.81 12.92

3 24.99 29.06 33.78 38.58 42.81 47.58 52.96 59.12 64.16 70.22 6.21 13.08 15.27 16.25

SF Loft Warehouse 14' 1 20.51 24.74 29.98 35.41 40.34 45.65 51.52 59.10 64.81 71.62 6.99 10.26 11.81 12.92

2 21.84 27.47 34.31 41.41 48.03 55.11 62.91 72.81 80.41 89.37 9.00 10.26 11.81 12.92

Light Manufacturing 14' 1 32.33 36.84 42.76 48.76 54.03 59.67 65.96 74.17 80.20 87.39 6.99 10.26 11.81 12.92

2 33.66 39.58 47.09 54.75 61.72 69.14 77.35 87.89 95.80 105.13 9.00 10.26 11.81 12.92

3 31.78 35.71 40.98 46.28 50.90 55.81 61.29 68.49 73.72 79.96 6.10 13.08 15.27 16.25

Heavy Manufacturing 14' 1 34.10 38.95 45.29 51.71 57.38 63.43 70.18 78.96 85.43 93.11 7.43 10.31 11.52 13.32

2 35.44 41.68 49.62 57.70 65.07 72.90 81.57 92.68 101.03 110.86 9.44 10.31 11.52 13.32

3 33.55 37.82 43.51 49.23 54.25 59.58 65.52 73.28 78.94 85.68 6.54 13.44 15.90 16.49

Loft Manufacturing 12' 1 25.92 30.00 35.24 40.60 45.35 50.46 56.13 63.54 69.03 75.58 6.64 9.75 11.21 12.29

2 27.01 32.23 38.77 45.50 51.62 58.18 65.43 74.74 81.75 90.06 8.28 9.75 11.21 12.29

Mill Manufacturing 40' 1 66.80 76.12 82.72 86.39 93.00 104.62 117.44 133.69 146.01 160.43 13.62 17.43 19.02 22.97

2 73.68 85.82 97.25 106.28 121.31 139.46 159.36 184.18 203.42 225.74 21.02 17.43 19.02 22.97

3 65.14 69.51 75.45 80.10 85.19 94.99 105.83 119.66 130.03 142.19 11.51 22.75 25.55 29.27

Small Shop 14' 1 27.40 31.80 37.43 43.20 48.32 53.83 59.94 67.89 73.79 80.82 7.08 10.26 11.81 12.92

2 28.74 34.53 41.76 49.19 56.01 63.29 71.33 81.61 89.39 98.57 9.08 10.26 11.81 12.92

3 26.85 30.67 35.66 40.72 45.19 49.97 55.28 62.21 67.31 73.39 6.19 13.08 15.27 16.25

Power Generating 30' 1 72.18 78.89 83.92 89.67 97.34 103.13 112.82 123.09 133.89 146.57 11.84 12.61 13.31 17.08

Plant 2 78.93 91.69 97.98 103.72 115.32 127.62 140.14 160.95 176.94 195.55 17.39 12.61 13.31 17.08

FO Truck Terminal 9' 1 27.75 31.43 36.28 41.22 45.47 50.07 55.21 61.99 66.94 72.87 5.76 8.98 10.30 11.34

Bunk Room 2 29.27 34.55 41.22 48.05 54.25 60.87 68.20 77.63 84.71 93.08 8.04 8.98 10.30 11.34

3 27.57 31.07 35.71 40.41 44.45 48.81 53.69 60.16 64.84 70.48 5.48 11.69 13.63 14.55

FD Industrial Office 12' 1 50.74 55.73 62.73 69.62 75.46 81.65 88.62 97.86 104.42 112.23 7.13 9.75 11.21 12.29

2 51.83 57.96 66.26 74.52 81.74 89.38 97.92 109.06 117.15 126.71 8.77 9.75 11.21 12.29

3 50.26 54.75 61.19 67.49 72.77 78.33 84.60 92.96 98.81 105.79 6.35 12.52 14.61 15.57

Research/Devel. 12' 1 61.77 66.63 70.74 73.83 79.78 86.07 93.17 102.61 109.27 117.19 7.18 9.75 11.21 12.29

2 62.48 68.61 74.49 78.72 86.05 93.79 102.47 113.81 122.00 131.67 8.82 9.75 11.21 12.29

3 55.30 59.96 65.22 71.69 77.08 82.75 89.15 97.71 103.66 110.76 6.40 12.52 14.61 15.57

Corrected Release

SCHEDULE A.2

GCI Base Prices

2 1 3 4

Fire Resistant Wood Rein F P

Floor Fin Use Flr Wall Jst Conc Steel

Level Type Type Hgt Type 1 2 3 4 5 6 7 8 9 10 +1 (-) (+) (+)

First UF Light Utility/Storage 14' 1 22.66 26.86 32.13 37.56 42.45 47.71 53.54 61.10 66.76 73.51 6.89 10.26 11.81 12.92

2 24.00 29.59 36.45 43.56 50.14 57.18 64.93 74.82 82.35 91.25 8.90 10.26 11.81 12.92

3 22.11 25.73 30.35 35.09 39.32 43.86 48.88 55.42 60.27 66.07 6.01 10.26 11.81 12.92

Heavy Utility/Storage 14' 1 27.23 31.59 37.17 42.89 47.97 53.43 59.49 67.38 73.23 80.20 7.03 10.31 11.52 13.32

2 28.56 34.32 41.50 48.89 55.66 62.89 70.88 81.09 88.82 97.95 9.03 10.31 11.52 13.32

3 26.68 30.45 35.40 40.41 44.84 49.57 54.83 61.70 66.74 72.77 6.13 10.31 11.52 13.32

Light Warehouse 18' 1 25.89 30.70 36.75 42.97 48.60 54.63 61.31 69.92 76.39 84.07 7.73 11.30 13.03 14.19

2 27.72 34.44 42.67 51.17 59.12 67.58 76.89 88.69 97.72 108.34 10.48 11.30 13.03 14.19

3 25.19 29.26 34.48 39.82 44.60 49.71 55.36 62.70 68.14 74.64 6.61 11.30 13.03 14.19

Mini Warehouse 12' 1 14.94 18.43 22.68 27.15 31.18 35.57 40.42 46.70 51.46 57.16 5.78 9.30 10.93 11.48

2 16.03 20.66 26.22 32.04 37.46 43.29 49.71 57.90 64.18 71.64 7.42 9.30 10.93 11.48

3 14.47 17.46 21.15 25.01 28.48 32.24 36.40 41.80 45.85 50.73 5.00 9.30 10.93 11.48

Commercial 14' 1 29.81 34.18 39.86 45.63 50.73 56.19 62.28 70.21 76.06 83.04 6.98 10.26 11.81 12.92

Garage 2 31.14 36.91 44.19 51.63 58.42 65.66 73.67 83.93 91.66 100.79 8.99 10.26 11.81 12.92

3 29.26 33.05 38.08 43.16 47.60 52.34 57.61 64.54 69.58 75.61 6.09 10.26 11.81 12.92

Hanger 20' 1 32.00 37.23 43.92 50.74 56.87 63.42 70.68 80.06 87.05 95.34 8.20 11.81 13.63 14.83

2 34.07 41.47 50.64 60.05 68.81 78.11 88.36 101.35 111.26 122.88 11.32 11.81 13.63 14.83

3 31.22 35.63 41.41 47.25 52.45 57.96 64.09 72.06 77.93 84.91 6.98 11.81 13.63 14.83

Truck Terminal 14' 1 25.55 30.19 35.56 41.06 45.94 51.43 57.63 64.80 70.64 77.65 7.10 10.26 11.81 12.92

Warehouse 2 26.88 32.92 39.88 47.06 53.63 60.90 69.02 78.52 86.24 95.40 9.11 10.26 11.81 12.92

3 24.99 29.06 33.78 38.58 42.81 47.58 52.96 59.12 64.16 70.22 6.21 10.26 11.81 12.92

SF Loft Warehouse 14' 1 20.51 24.74 29.98 35.41 40.34 45.65 51.52 59.10 64.81 71.62 6.99 10.26 11.81 12.92

2 21.84 27.47 34.31 41.41 48.03 55.11 62.91 72.81 80.41 89.37 9.00 10.26 11.81 12.92

Light Manufacturing 14' 1 32.33 36.84 42.76 48.76 54.03 59.67 65.96 74.17 80.20 87.39 6.99 10.26 11.81 12.92

2 33.66 39.58 47.09 54.75 61.72 69.14 77.35 87.89 95.80 105.13 9.00 10.26 11.81 12.92

3 31.78 35.71 40.98 46.28 50.90 55.81 61.29 68.49 73.72 79.96 6.10 10.26 11.81 12.92

Heavy Manufacturing 14' 1 34.10 38.95 45.29 51.71 57.38 63.43 70.18 78.96 85.43 93.11 7.43 10.31 11.52 13.32

2 35.44 41.68 49.62 57.70 65.07 72.90 81.57 92.68 101.03 110.86 9.44 10.31 11.52 13.32

3 33.55 37.82 43.51 49.23 54.25 59.58 65.52 73.28 78.94 85.68 6.54 10.31 11.52 13.32

Loft Manufacturing 12' 1 25.92 30.00 35.24 40.60 45.35 50.46 56.13 63.54 69.03 75.58 6.64 9.75 11.21 12.29

2 27.01 32.23 38.77 45.50 51.62 58.18 65.43 74.74 81.75 90.06 8.28 9.75 11.21 12.29

Mill Manufacturing 40' 1 66.80 76.12 82.72 86.39 93.00 104.62 117.44 133.69 146.01 160.43 13.62 17.43 19.02 22.97

2 73.68 85.82 97.25 106.28 121.31 139.46 159.36 184.18 203.42 225.74 21.02 17.43 19.02 22.97

3 65.14 69.51 75.45 80.10 85.19 94.99 105.83 119.66 130.03 142.19 11.51 17.43 19.02 22.97

Small Shop 14' 1 27.40 31.80 37.43 43.20 48.32 53.83 59.94 67.89 73.79 80.82 7.08 10.26 11.81 12.92

2 28.74 34.53 41.76 49.19 56.01 63.29 71.33 81.61 89.39 98.57 9.08 10.26 11.81 12.92

3 26.85 30.67 35.66 40.72 45.19 49.97 55.28 62.21 67.31 73.39 6.19 10.26 11.81 12.92

Power Generating 30' 1 72.18 78.89 83.92 89.67 97.34 103.13 112.82 123.09 133.89 146.57 11.84 12.61 13.31 17.08

Plant 2 78.93 91.69 97.98 103.72 115.32 127.62 140.14 160.95 176.94 195.55 17.39 12.61 13.31 17.08

FO Truck Terminal 9' 1 27.75 31.43 36.28 41.22 45.47 50.07 55.21 61.99 66.94 72.87 5.76 8.98 10.30 11.34

Bunk Room 2 29.27 34.55 41.22 48.05 54.25 60.87 68.20 77.63 84.71 93.08 8.04 8.98 10.30 11.34

3 27.57 31.07 35.71 40.41 44.45 48.81 53.69 60.16 64.84 70.48 5.48 8.98 10.30 11.34

FD Industrial Office 12' 1 50.74 55.73 62.73 69.62 75.46 81.65 88.62 97.86 104.42 112.23 7.13 9.75 11.21 12.29

2 51.83 57.96 66.26 74.52 81.74 89.38 97.92 109.06 117.15 126.71 8.77 9.75 11.21 12.29

3 50.26 54.75 61.19 67.49 72.77 78.33 84.60 92.96 98.81 105.79 6.35 9.75 11.21 12.29

Research/Devel. 12' 1 61.77 66.63 70.74 73.83 79.78 86.07 93.17 102.61 109.27 117.19 7.18 9.75 11.21 12.29

2 62.48 68.61 74.49 78.72 86.05 93.79 102.47 113.81 122.00 131.67 8.82 9.75 11.21 12.29

3 55.30 59.96 65.22 71.69 77.08 82.75 89.15 97.71 103.66 110.76 6.40 9.75 11.21 12.29

Schedule A.4: GCK Base Price (Note: Changes are highlighted.)

Initial Release (September 2, 2011)

SCHEDULE A.4

GCK Base Rates

Light pre-engineered steel and pole framed buildings (used for C/I occupancies)

Per square foot, average quality, 12' eaves height

Perimeter/Area Ratio

1 2 3 4 5 6 7 8 9 10 +1

Light metal/wood siding, pole frame 11.17 11.81 12.36 12.57 13.36 13.91 14.59 15.13 16.02 16.52 1.06

Add per P/A ratio:

Exterior sheathing 0.17 0.29 0.44 0.49 0.64 0.77 0.92 1.05 1.23 1.29 0.10

Insulation 0.11 0.18 0.27 0.31 0.40 0.48 0.57 0.65 0.76 0.80 0.07

Steel girts and purlins 0.60 0.66 0.72 0.78 0.84 0.90 0.96 1.02 1.08 1.14 0.12

Aluminum siding and roofing 2.31 2.52 2.77 2.86 3.12 3.34 3.62 3.84 4.15 4.26 0.18

Interior liner (1) 0.36 0.61 0.92 1.03 1.34 1.60 1.93 2.19 2.56 2.68 0.22

Heavy gauge siding and roofing (2) 0.63 0.69 0.76 0.79 0.86 0.92 1.00 1.06 1.14 1.17 0.05

Plastic panel siding 0.29 0.49 0.73 0.81 1.06 1.26 1.52 1.73 2.03 2.12 0.18

Sandwich paneling 6.77 7.38 8.14 8.41 9.17 9.82 10.62 11.28 12.19 12.49 0.55

Interior finish (3)

Unfinished occupancies (UF) 4.79 4.79 4.79 4.79 4.79 4.79 4.79 4.79 4.79 4.79

Semi-finished occupancies (SF) 12.85 12.85 12.85 12.85 12.85 12.85 12.85 12.85 12.85 12.85

Finished open occupancies (FO) 19.29 19.72 20.14 20.56 20.98 21.41 21.84 22.29 22.68 23.10 0.50

Finished divided occupancies (FD) 30.39 30.82 31.24 31.66 32.08 32.51 32.94 33.39 33.78 34.20 0.50

Add per square foot of floor area for frame variations:

Steel post and beam 0.35 0.35 0.35 0.35 0.35 0.35 0.35 0.35 0.35 0.35

Rigid steel frame construction -3.25 -2.45 -1.30 -0.48 -0.41 -0.32 -0.22 -0.10 0.05 0.25

Deduct per square foot of floor area for absence:

Concrete floor 4.75 4.75 4.75 4.75 4.75 4.75 4.75 4.75 4.75 4.75

Corrected Release

SCHEDULE A.4

GCK Base Rates

Light pre-engineered steel and pole framed buildings (used for C/I occupancies)

Per square foot, average quality, 12' eaves height

Perimeter/Area Ratio

1 2 3 4 5 6 7 8 9 10 +1

Light metal/wood siding, pole frame 9.56 10.27 10.98 11.69 12.40 13.11 13.82 14.53 15.24 15.95 1.22

Add per P/A ratio:

Exterior sheathing 0.17 0.29 0.44 0.49 0.64 0.77 0.92 1.05 1.23 1.29 0.10

Insulation 0.11 0.18 0.27 0.31 0.40 0.48 0.57 0.65 0.76 0.80 0.07

Steel girts and purlins 0.60 0.66 0.72 0.78 0.84 0.90 0.96 1.02 1.08 1.14 0.12

Aluminum siding and roofing 2.31 2.52 2.77 2.86 3.12 3.34 3.62 3.84 4.15 4.26 0.18

Interior liner (1) 0.36 0.61 0.92 1.03 1.34 1.60 1.93 2.19 2.56 2.68 0.22

Heavy gauge siding and roofing (2) 0.63 0.69 0.76 0.79 0.86 0.92 1.00 1.06 1.14 1.17 0.05

Plastic panel siding 0.29 0.49 0.73 0.81 1.06 1.26 1.52 1.73 2.03 2.12 0.18

Sandwich paneling 6.77 7.38 8.14 8.41 9.17 9.82 10.62 11.28 12.19 12.49 0.55

Interior finish (3)

Unfinished occupancies (UF) 4.79 4.79 4.79 4.79 4.79 4.79 4.79 4.79 4.79 4.79

Semi-finished occupancies (SF) 12.85 12.85 12.85 12.85 12.85 12.85 12.85 12.85 12.85 12.85

Finished open occupancies (FO) 19.29 19.72 20.14 20.56 20.98 21.41 21.84 22.29 22.68 23.10 0.50

Finished divided occupancies (FD) 30.39 30.82 31.24 31.66 32.08 32.51 32.94 33.39 33.78 34.20 0.50

Add per square foot of floor area for frame variations:

Steel post and beam 0.35 0.35 0.35 0.35 0.35 0.35 0.35 0.35 0.35 0.35

Rigid steel frame construction -0.33 -0.29 -0.25 -0.21 -0.18 -0.14 -0.10 -0.06 -0.02 0.02

Deduct per square foot of floor area for absence:

Concrete floor 3.14 3.22 3.46 3.70 3.79 3.90 4.06 4.10 4.14 4.18