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Attachment C <br />� "1 C�ff�TRUCFl��1 �' � <br />1 �1Aff�G��1�nT � <br />� `� � SERUIC�S - � �� <br />M& H Property Management and Consulting <br />Ms. Sarah Maristuen <br />PO Box 131957 <br />Roseville, Minnesota 55113 <br />December 8, 2008 <br />Good Day Ms. Maristuen, <br />The exterior envelope replacement at Westwood Village One was put to bid in May of 2008. <br />Proposals were due in our offices no later than 5:00 pm on June 12, 2008. There were six <br />contractors that provided proposals. Eagle Siding, Inc. was chosen by the Association to <br />perform the work at Westwood Village One, as they proved to be the most cost effective <br />contractor. Load Bearing, Inc. checked their references and inspected three vinyl siding <br />installations that were performed by Eagle Siding. The work that we inspected was well <br />executed and their references were exemplary. <br />The closest bidder, Contractor X, to Eagle Siding in June of 2008 was $40,724.00 higher than <br />Eagle Siding. Last week I received revised pricing from Eagle Siding which came in at <br />$1,329,446.89. There was discussion of this being a significant increase for the project, so I <br />requested that Contractor X rebid the work to see if Eagle Siding's revised numbers were fair. <br />Contractor X has rebid the work to our specifications for $1,394,730.00. Eagle siding remains <br />lower by $65,283.00. <br />Through no fault of the selected contractor, Eagle Siding, there have been significant delays in <br />the commencement of this project. Since June 12, 2008 there have been significant price <br />increases in both vinyl siding materials and asphalt roofing materials. We have requested <br />Norandex°and GAF° distributors provide independent pricing information regarding these <br />increases. I received pricing increase notifications from GAF through the Roof Depot (see <br />attached GAF notices), which state that shingle prices have increased between 32% to 45% since <br />June of 2008. The cost for siding materials has increased between 16%to 20%. There have also <br />been increases in shipping, metal, mounting blocks and hardware. <br />After reviewing the data, we believe that the price increases from Eagle Siding are very fair. <br />Sincerely, <br />Matthew Zinser <br />PxoNE �6iz� �zi-s�4� Fax �6iz� �zi-i4i9 <br />3010 MINNEHAHA AVENUE SOUTH, MINNEAPOLIS, MN 55406 <br />