04-08-13-R - Laserfiche WebLink

Home Browse Search

Bid Results Bids were opened last Tuesday morning. There were a total of five bids received. The bids ranged from $723,366.70 to $910,190.00. their total bid: North Valley, Inc $723,366.70 T.A. Schifsky & Sons, Inc $726,966.97 Hardrives, Inc. $756,010.84 Omann Brothers Paving, Inc $767,587.69 Midwest Asphalt Corp. $910,190.00 The lowest bid was submitted by North Valley, Inc., who has successfully completed similar projects in the past. When the 2013 PMP gets to that point, staff will be recommending award of the project to North Valley, Inc., as the lowest responsible bidder. Financial To establish a total project cost for the improvements, engineering and overhead costs need to be included. The non-assessable items have 24% added for engineering (20%, and contingency 4%). The assessable portion, for the street improvements, includes 37% overhead, which includes City Administration 2.5% Design Engineering 10.0% Construction Engineering 10.0% Legal 2.0% Fiscal 3.0% Interest During Construction 4.5% Assessment Roll Preparation 1.0% Contingencies 4.0% TOTAL 37.0% ed through the Capital Improvement Program (CIP) and are scheduled to come from the Permanent Improvement Revolving (PIR) Fund and Utility Enterprise Fund (sanitary sewer, water and surface water). The project is proposed to be assessed according to the Cit that 50% of the total (construction and overhead) cost for the street improvements will be assessed to the benefitted properties. Since bids have been opened, it is proposed to use actual construction costs of the low total bid received rather than the eestimate. The following table provides a breakdown of the lowest bid construction cost by funding source and compares it to the feasibility estimated construction cost without contingency. 24 Page of