2328 Contractor's and/or Mortgagor's Cost Breakdown Schedules

Contractor's and/or Mortgagor's
Cost Breakdown
Schedules of Values

U.S. Department of Housing and
Urban Development
Office of Housing
Federal Housing Commissioner

OMB No. 2502-0044 (exp. 12/31/2009)

Public reporting burden for this collection of information is estimated to average 4 hours per response, including the time for reviewing instructions, searching existing
data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. This information is required to obtain benefits.
HUD may not collect this information, and you are not required to complete this form, unless it displays a currently valid OMB Control Number.
Section 227 of the National Housing Act (Section 126 of the Housing Act of 1954, Public Law 560, 12 U.S.C., 1715r), authorizes the collection of this information. The
information is required for a general contractor when an identity of interest exists between the general contractor and the mortgagor or when the mortgagor is a nonprofit entity and a cost plus contract has been used. The information is used by HUD to facilitate the advances of mortgage proceeds and their monitoring.
Privacy Act Notice. The United States Department of Housing and Urban Development, Federal Housing Administration, is authorized to solicit the information
requested in this form by virtue of Title 12, United States Code, Section 1701 et seq., and regulations promulgated thereunder at Title 12, Code of Federal Regulations.
While no assurances of confidentiality is pledged to respondents, HUD generally discloses this data only in response to a Freedom of Information request.
Date

Sponsor

Project No.

Building Identification

Name of Project

Location

This form represents the Contractors and/or Mortgagors firm costs and services as a basis for disbursing dollar amounts when insured
advances are requested. Detailed instructions for completing this form are included on the reverse side.
Line
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34

Div.
3
4
5
6
6
7
7
7
7
8
8
8
9
9
9
9
9
9
9
10
11
11
11
12
12
13
14
15
15
15
16

Trade Item
Concrete
Masonry
Metals
Rough Carpentry
Finish Carpentry
Waterproofing
Insulation
Roofing
Sheet Metal
Doors
Windows
Glass
Lath and Plaster
Drywall
Tile Work
Acoustical
Wood Flooring
Resilient Flooring
Painting and Decorating
Specialties
Special Equipment
Cabinets
Appliances
Blinds and Shades, Artwork
Carpets
Special Construction
Elevators
Plumbing and Hot Water
Heat and Ventilation
Air Conditioning
Electrical
Subtotal (Structures)
Accessory Structures
Total (Lines 32 and 33)

Previous edition is obsolete

Cost

Trade Description

Page 1 of 3

form HUD-2328 (5/95)
ref. Handbook 4450.1 & 4460.1

Line Div.
35
2
36
2
37
2
38
2
39
2
40
2
41
42
43
1
44
45
46
47
48
49
50
51
52
53

Trade Item
Earth Work
Site Utilities
Roads and Walks
Site Improvements
Lawns and Planting
Unusual Site Condition
Total Land Improvements
Total Struct. & Land Imprvts.
General Requirements
Subtotal (Lines 42 and 43)
Builder's Overhead
Builder's Profit
Subtotal (Lines 44 thru 46)

Cost

Trade Description

Nonresidential and Special
Exterior Land Improvement
(costs included in trade item breakdown)
Est. Cost

Description

Total

Offsite Costs
(costs not included in trade item breakdown)
Est. Cost

Description

$
Total

Other Fees

$

Demolition
(costs not included in trade item breakdown)

Other Fees
Bond Premium
Total for All Improvements
Builder's Profit Paid by Means
Other Than Cash
Total for All Improvements
Less Line 52

Description

Total $

Est. Cost

Total

$

I hereby certify that all the information stated herein, as well as any information provided in the accompaniment herewith, is true and accurate.
Warning: HUD will prosecute false claims and statements. Conviction may result in criminal and/or civil penalties. (18 U.S.C. 1001, 1010, 1012; 31 U.S.C. 3729, 3802)
Mortgagor

By

Date

Contractor

By

Date

FHA (Processing Analyst)

Date

FHA (Chief, Cost Branch or Cost Analyst)

FHA (Chief Underwriter)

Date

Date

Instructions for Completing Form HUD-2328
This form is prepared by the contractor and/or mortgagor as a requirement for the issuance of a firm commitment. The firm replacement
cost of the project also serves as a basis for the disbursement of dollar amounts when insured advances are requested. A detailed
breakdown of trade items is provided along with spaces to enter dollar amounts and trade descriptions.
A separate form is prepared through line 32 for each structure type. A summation of these structure costs are entered on line 32 of a master
form. Land improvements, General Requirements and Fees are completed through line 53 on the master 2328 only.
Date—Date form was prepared.

Unusual Site Conditions—This trade item reflects rock excavation,
high water table, excessive cut and fill, retaining walls, erosion, poor
drainage and other on-site conditions considered unusual.

Sponsor—Name of sponsor or sponsoring organization.
Project No.—Eight-digit assigned project number.
Building Identification—Number(s) or Letter(s) of each building as
designated on plans.
Name of Project—Sponsors designated name of project.
Location—Street address, city and state.
Division—Division numbers and trade items have been developed
from the cost accounting section of the uniform system.
Accessory Structures—This item reflects structures, such as: community, storage, maintenance, mechanical, laundry and project office
buildings. Also included are garages and carports or other buildings.
When the amount shown on line 33 is $20,000.00 or 2% of line 32
whichever is the lesser, a separate form HUD-2328 will be prepared
through line 32 for Accessory Structures.

Previous edition is obsolete

Cost—Enter the cost being submitted by the Contractor or bids
submitted by a qualified subcontractor for each trade item. These
costs will include, as a minimum, prevailing wage rates as determined
by the Secretary of Labor.
Trade Description—Enter a brief description of the work included in
each trade item.
Other Fees—Includable are fees to be paid by the Contractor, such as
sewer tap fees not included in the plumbing contract. Fees paid or to
be paid by the Mortgagor are not to be included on this form.
Total For All Improvements—This is the sum of lines 1 through 50
and is to include the total builder's profit (line 46).

Page 2 of 3

form HUD-2328 (5/95)
ref. Handbook 4450.1 & 4460.1

Line 52—When applicable, enter that portion of the builder's profit
(line 46) to be paid by means other than cash and/or any part of the
builder's profit to be waived during construction.
Non-Residential and Special Exterior Land Improvement Costs—
Describe and enter the cost of each improvement, i.e. on-site parking
facilities including individual garages and carports, commercial facilities, swimming pools with related facilities and on-site features provided to enhance the environment and livability of the project and the
neighborhood. The Design Representative and Cost Analyst shall
collaborate with the mortgagor or his representative in designating the
items to be included.

Previous edition is obsolete

Off-Site Costs—Enter description and dollar amount including fees
and bond premium for off-site improvements.
Demolition—Enter description and dollar amount of demolition work
necessary to condition site for building improvements including the
removal of existing structures, foundations, utilities, etc.
Other Fees—Enter a brief description of item involved and cost
estimate for each item.
Signatures—Enter the firm name, signature of authorized officer of
the contractor and/or mortgagor and date the form was completed.

Page 3 of 3

form HUD-2328 (5/95)
ref. Handbook 4450.1 & 4460.1