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<br />?q-~ <br /> <br />The low bid of $ 408,750.00 is 18.25% below the Engineer's Estimate of $500,000. The <br />average bid after deleting the high and low bid is $ 596,000. After reviewing the bids <br />and the Engineer's Estimate, the cost of construction and the bid is considered a fair <br />and responsive bid. <br /> <br />A complete copy of the agreement is available for review in the City Clerk's Office. <br /> <br />Fiscal Impacts <br />Funds in the amount of $500,000 are available for this project in the 1997-1998 and <br />1998-1999 Capital Improvement Program Budget for the Jefferson Avenue Underpass <br />Project, and are reimbursable from Grant funds from the San Mateo County <br />Transportation Authority, and the State of California. <br /> <br />~~~/ <br />Brian Lee <br />Senior Civil Engineer <br /> <br /> <br /> <br />JP/BL:bl <br />SIlibrarylreportsileelAward Removai of Stockpile Mati, <br />