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Page 2 <br />July 12., 19,910 <br />major modification to, the contract work scope,, this item would be <br />a contract i stipulated <br />feet of p imple, and 150 feet of pipe was necessary to complete the <br />0 0 <br />project, be w contract cost, overrun involviong <br />increased contract, quanti <br />it "is suggested, based past aF <br />histordically M 'in feasibility reports,, # 101% contingency <br />cover 4 Contingencv factors should <br />factor be used, for all city projects,.1 <br />s -► - ,r <br />amount equal, to 5%, for each of the 'items as noted. <br />In checking our h istorical, records for the past two years the <br />actual araou,n,tis of III tract change or have averaged 3.5% for <br />the 1988 and ',1989 Pavement Management "' <br />co�ntract cost overruns have also ranged frioin approximately 4% to <br />N` <br />cushion that contracts can be i t <br />