Crestwood Terrace Condominiums

Roof Replacement - Final Accounting

Roof Replacement estimate (from Clow Roofing Co. bid) at Oct-1-2011 Annual Meeting: $400,000.
Roof Replacement funding approved at Nov-10-2012 Annual Meeting: $252,200.
Phase
I
II
III
IV

Duplex Buildings
Cost Estimate Actual Cost Variance
7 duplexes: 5-6, 9-10, 33-34, 37-38, 39-40, 43-44, 45-46
$86,300
$66,985 $19,315
7 duplexes: 15-16, 21-22, 25-26, 31-32, 35-36, 41-42, 19-20
$76,150
$60,091 $16,059
3 duplexes: 13-14, 23-24, 27-28
$26,500
$24,354
$2,146
5 duplexes: 1-2, 3-4, 11-12, 17-18, 29-30
$54,700
$50,330
$4,370
Totals:
$243,650 $201,760 $41,890

Note: Cost estimates for Phases III & IV were reduced after it was determined via Phases I & II that the issue with the
plywood roof decking was improper nailing and not water damage.