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$500,000 – $2,000,000

The budget for this project can be estimated based on the scope of work, which includes demolition, concrete, siding replacement, sheathing, handrail, and carpentry work. The project's complexity and the fact that it's a university dorm building suggest a moderate to large-scale construction project. Assuming an average cost per square foot for similar construction projects, the total budget could range from $500,000 to $2,000,000. However, this is a rough estimate and may vary depending on various factors, including the project's specific requirements and the contractors' bids.