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TABLE 1 <br /> WHITE RIVER HYDROELECTRIC PROJECT <br /> LOCK AND DAM NO. 1 <br /> SUMMARY OF COSTS <br /> ($ X 1000) <br /> August 1983 Direct Cost 13 , 829 <br /> Escalation to Construction 1/ <br /> Midpoint 3, 788 <br /> Escalated Cost 17 , 617 <br /> Allowance for Past Costs 150 <br /> Preconstruction -V Engineering <br /> and Administration 1, 010 <br /> Final Design, Administration <br /> and Management 1, 200 <br /> Contingency 1, 880 <br /> Total Cost 21,857 <br /> f. <br /> 4-v <br /> 1/ 4. 5%/year from August 1983 to assumed midpoint of <br /> construction expenditure of February 1989 . <br /> V "Preconstruction" refers to expenditures for work <br /> performed after the bond sale and prior to the <br /> 2 to 2. 5 years initial bond term. <br />