The funding for this project has been allocated from the 1% Optional Sales Tax Account 201-10-05-419-40-44331, Pavement Management System Fund, for $1.1 million. Of that, $900,000 was budgeted for construction costs, $180,000 was budgeted for design and construction management consulting fees.
Van Ewing Construction, Inc., is the apparent low bidder of the project at $579,117.34. The Engineer's Estimate for Construction was $744,173.55. In analyzing the bid tabulations, most of the project cost savings between the bid and the estimate were realized in the paving bid item. Ten years of historic bid data indicated an average 6.5" concrete paving with 6" aggregate base bid price of $71 per square yard. The bid for these two items was $52.60 per square yard.
The proposed construction administration cost is $106,748.00 (approximately $1,642/day). Because of the lower construction bid, the percent of consulting costs vs. the construction bid is skewed higher to around 18%. However, the consulting fees are hard hourly costs for contract management, inspection, surveying, and construction materials testing. This proposed PSA contract's fees are within reason when compared to the City's history of average daily fees associated with other similar City construction projects. |