Program testing and validation with initial building layout and massing. Interim design phase to refine the project. Performed with the assistance of external consultants.
This is a planning phase involving architects and engineers to develop construction drawings. These costs are capitalizable when directly leading to the final drawings. A Fund 71 speedtype can now be requested for a capitalizable project.
- For buildings follow the Capital Building Matrix attached as addendum #1.
- For improvements to land follow the Improvements Matrix attached as addendum #2.
- For hybrid projects including equipment purchases, mixed categories, demolition, etc. contact the Debt & Asset Manager in the Controller’s Office for a review.
Organize funding sources to arrange for cash transfers to cover monthly costs. (See the “General” section of Capital Debt & Purchases of Buildings & Land for detail)
- If a project is expected to be in deficit due to lagging cash a request for a PIE exemption should be placed to CCO’s Debt & Asset Manager.
- The Budget & Financing Services (BFP) Department will manage the financing of the project, more on the process in the Capital Debt section.
- If outside funding is sought, the Treasury Department at CU Systems will get involved. CCO will set up a Fund 73 and Fund 74 Speedtype as needed to manage the debt-specific accounting. BFP will work with the construction project managers to estimate a draw schedule to assist the Treasury team in getting the best return on available cash.