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10-Q
ATHENEX, INC. filed this Form 10-Q on 05/09/2019
Entire Document
 

 

Amendment #2 Funding Summary

 

 

 

 

 

 

 

 

 

 

 

 

Hard Bids

 

Estimated Costs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

COW

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Division

 

Applicable GMP Est.

 

Current Funding

 

Current Commitments

 

Pending RTA's

 

PCO's

 

Add'l Commitments

Forecasted (by 12/1)

 

Total Forecasted

Commitments as of

12/1

 

Delta

 

Amendment 2

Funding

 

Revised Contract

Value

 

Notes

Comments

1

 

$

5,015,730

 

$

560,000

 

$

468,973

 

 

 

 

 

 

 

$

350,000

 

$

818,973

 

$

(258,973

)

$

600,000

 

$

1,160,000

 

 

 

3

 

$

7,727,690

 

$

7,946,157

 

$

6,415,313

 

$

0.00

 

$

1,423,920

 

$

750,000

 

$

8,589,233

 

$

(643,076

)

$

643,076

 

$

8,589,233

 

 

PCO's based on current log 8/16.  Additional Forecast based on curbs, exterior apron and housekeeping pads.

5

 

$

12,038,894

 

$

11,980,139

 

$

10,179,632

 

$

-

 

$

1,553,850

 

$

1,200,000

 

$

12,933,482

 

$

(953,343

)

$

1,012,098

 

$

12,992,237

 

 

PCO's based on current log 8/16.  $305K for revisions to steel framing, Parapet framing, structural studs at area A.  ($58,755 remaining budget + $953,343 Contingency)

7

 

$

7,879,221

 

$

6,842,079

 

$

3,053,083

 

$

2,957,000

 

$

50,000

 

$

750,000

 

$

6,810,083

 

$

31,996

 

$

500,000

 

$

7,342,079

 

 

Roofing & Spray Fireproofing.  PCO is for expected blocking.

8

 

$

3,747,181

 

$

-

 

$

-

 

$

800,000

 

 

 

 

$

1,200,000

 

$

2,000,000

 

$

(2,000,000

)

$

2,000,000

 

$

2,000,000

 

 

Curtain Wall based on RTA value.  Additional funds for roll-up doors, storefront doors, other misc. openings.

9

 

$

7,879,221

 

$

-

 

 

 

 

 

 

 

 

 

 

$

3,600,000

 

$

3,600,000

 

$

(3,600,000

)

$

3,600,000

 

$

3,600,000

 

 

Needed for studs, drywall start, coordinate with MEP.

11

 

$

2,525,360

 

$

-

 

$

-

 

$

-

 

 

 

 

$

1,200,000

 

$

1,200,000

 

$

(1,200,000

)

$

1,200,000

 

$

1,200,000

 

 

Loading docks and DEA vault estimate

13

 

$

4,375,270

 

$

-

 

 

 

 

 

 

 

 

 

 

$

3,800,000

 

$

3,800,000

 

$

(3,800,000

)

$

3,800,000

 

$

3,800,000

 

 

Clean Room - need to place order and start design coordination/shop drawings.

14

 

$

470,316

 

$

-

 

$

-

 

$

-

 

 

 

 

$

940,000

 

$

940,000

 

$

(940,000

)

$

940,000

 

$

940,000

 

 

Elevators and Coolers.  (Need to confirm Cooler budget location)

21

 

$

2,157,401

 

$

-

 

$

-

 

$

-

 

 

 

 

$

2,157,401

 

$

2,157,401

 

$

(2,157,401

)

$

2,157,401

 

$

2,157,401

 

 

Sprinkler Contractor - Need for Insurance/final design

22

 

$

10,826,130

 

$

2,400,000

 

$

2,593,039

 

$

-

 

$

130,000

 

$

6,000,000

 

$

8,723,039

 

$

(6,323,039

)

$

6,500,000

 

$

8,900,000

 

 

Underground plumbing awarded, but over current funding.  $6M based on 50% of Mech/Plumbing budget, need to award for coordination with Arch.

23

 

$

41,064,161

 

$

9,700,000

 

$

-

 

$

-

 

 

 

 

$

24,500,000

 

$

24,500,000

 

$

(14,800,000

)

$

14,800,000

 

$

24,500,000

 

 

Based on LLE & ability to award wet mech.  (Includes $3.0M for purchase of previously VE'd mech. Equipment for full build-out. Anticipated budget to award wet mechanical $19M.

25

 

$

5,869,253

 

$

-

 

$

-

 

$

-

 

 

 

 

$

4,800,000

 

$

4,800,000

 

$

(4,800,000

)

$

4,800,000

 

$

4,800,000

 

 

I&C needed to coordinate MEP/communications.

26

 

$

16,044,041

 

$

9,200,000

 

$

6,325,000

 

$

-

 

$

300,000

 

$

4,500,000

 

$

11,125,000

 

$

(1,925,000

)

$

1,925,000

 

$

11,125,000

 

 

Additional gear need to procure includes interior gear, generators.

31

 

$

7,060,929

 

$

6,253,300

 

$

5,597,122

 

$

-

 

$

186,025

 

$

750,000

 

$

6,533,147

 

$

(279,847

)

$

807,629

 

$

7,060,929

 

 

 

32

 

$

2,446,666

 

$

746,670

 

$

577,920

 

$

-

 

$

50,000

 

$

1,800,000

 

$

2,427,920

 

$

(1,681,250

)

$

1,699,996

 

$

2,446,666

 

 

Balance of exterior improvements - client request to award to existing contractor before 12/1.

33

 

$

9,497,824

 

$

4,825,684

 

$

2,166,008

 

$

-

 

$

20,000

 

$

3,200,000

 

$

5,386,008

 

$

(560,324

)

$

600,000

 

$

5,425,684

 

 

Scope required to get electrical duct bank, site lighting and other site services completed before end of year.

41

 

$

18,251,360

 

$

1,000,000

 

$

-

 

$

-

 

$

-

 

$

11,000,000

 

$

11,000,000

 

$

(10,000,000

)

$

10,000,000

 

$

11,000,000

 

 

Replaces

Contingency

 

$

22,552,021

 

$

-

 

$

-

 

$

-

 

 

 

 

 

 

 

 

 

 

$

-

 

$

4,500,000

 

$

4,500,000

 

 

Contingency for future reallocation

Contingency

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(643,076

)

$

(643,076

)

 

Division 3 Allocation

Contingency

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(953,343

)

$

(953,343

)

 

Division 5 Allocation

Contingency

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(469,684

)

$

(469,684

)

 

Division 14 Allocation

Total COW

 

$

187,428,669

 

$

61,454,029

 

$

37,376,090

 

$

3,757,000

 

$

3,713,795

 

$

72,497,401

 

$

117,344,286

 

$

(55,890,257

)

$

60,019,097

 

$

121,473,126

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indirects

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Insurance

 

$

1,772,880

 

$

810,000

 

$

810,000

 

 

 

 

 

 

 

$

152,000

 

 

 

 

 

 

 

$

152,000

 

$

962,000

 

 

One quarter of insurance billing

BOD

 

$

4,564,980

 

$

4,507,676

 

$

4,507,676

 

 

 

 

 

 

 

$

-

 

 

 

 

 

 

 

$

-

 

$

4,507,676

 

 

 

DD/CA

 

$

6,936,524

 

$

5,656,396

 

$

5,656,396

 

 

 

 

 

 

 

$

1,280,128

 

 

 

 

 

 

 

$

1,280,128

 

$

6,936,524

 

 

Need toc commit balance of detailed design and CA efforts, already underway.

EPCM

 

$

8,934,869

 

$

2,942,300

 

$

2,942,300

 

 

 

 

 

 

 

$

1,200,000

 

 

 

 

 

 

 

$

1,200,000

 

$

4,142,300

 

 

Additional CM Efforts

GC's

 

$

2,900,000

 

$

600,000

 

$

600,000

 

 

 

 

 

 

 

$

600,000

 

 

 

 

 

 

 

$

600,000

 

$

1,200,000

 

 

GC's needed to cover monthly costs.  (Large commitments early for trailer set-up.  Plotter, copier, etc.) Deducted the $74,793 from GC's

FEE

 

$

4,432,201

 

$

1,536,351

 

$

1,536,351

 

 

 

 

 

 

 

$

1,439,584

 

 

 

 

 

 

 

$

1,517,220

 

$

3,053,571

 

 

 

Total

 

$

29,541,454

 

$

16,052,723

 

$

16,052,723

 

$

-

 

$

-

 

$

4,671,712

 

$

-

 

$

-

 

$

4,749,348

 

$

20,802,071

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

64,768,445

 

$

142,275,197

 

Revised Contract Value

Requested Funding - Amendment 2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

77,506,752

 

Included above

 

 

Current Funding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

(74,794

)

$

(74,794

)

 

Change Orders

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

142,200,403

 

$

142,200,403

 

 

Revised Contract Value with Amendment 2

 

5/8/2019

Revision 8