In august 2017, a half-million-square-foot warehouse facility is being considered by your company for a location in kansas city, ks. your company received a bid for a similar type 25,000 square foot facility in baltimore, md in june 2016 at $4,375,000. what should the ks bid fall be if you assume that construction costs are linear across size? (cci: construction cost index)
year month baltimore cci kansas cci chicago cci
2017 aug 8244.84 11374.83 15337.18
2017 jul 8273.4 11389.56 15333.43
2017 jun 7592.17 11389.31 15310
2017 may 7459.88 11356.6 15308.87
2017 apr 7456.88 15291.6 15238.35