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<br />6.1D <br />Page 2 <br /> <br />achieving some economy of scale and bringing the two phases more in line with the <br />funding currently budgeted for the project. <br /> <br />A total of $253,888 is currently budgeted and available for this project. When <br />construction administration and staff services required for the project are taken into <br />consideration, estimated at 10% of the bid price or $25,389 as well as a recommended <br />10% general construction contingency of $25,389 the total cost for the project based <br />upon the only responsive bid received would be $304,666, which exceeds the funding <br />available and leaves the two subsequent phases of the project unfunded. <br /> <br />Staff therefore recommends rejecting the bids received and combining Phase 1 and <br />Phase 2 work of the project with the intent of achieving lower overall costs. <br /> <br />Alternative <br />Approve the contract documents and award the contract for the Wayfinding Signage <br />project to Arrow Sign Co. of Oakland for their bid of $253,887.59 and authorize the <br />transfer of sufficient funding from the Redevelopment Capital Budget Contingency <br />account to cover all necessary costs including construction administrative services, a <br />project contingency and ultimately, the Phase 2 work. This is not recommended as it <br />would substantially deplete the Capital Budget Contingency Account without taking <br />advantage of the economy that may be achieved by combining work required for the <br />Cal Trans signs with the fabrication and installation of the signs comprising Phase 1. <br /> <br />The Agency Board could also redesign the project with the goal of reducing costs. <br />Much thought and consideration has been given to the design and location of signs and <br />staff does not recommend this option. <br /> <br />Fiscal Impact <br />There is no fiscal impact at this time if the bids are rejected and the project re-bid as <br />recommended. <br /> <br />r~J;#~ <br />\ . laudla Olalla <br />I Community Development Analyst <br /> <br /> <br /> <br />Pete,lng...m ~ /. <br />Community Development Director <br /> <br /> <br />, 1;L-~ <br />S san Moeller <br />Redevelopment.Ma~ger <br /> <br />/fu <br />{;t '~)f- <br /> <br />Ed Everett · , <br />City Manager <br /> <br />Copies of the bid results are available in the Office of the City Engineer <br /> <br />REDEVSHARED_2006 STAFF REPORTS_12-2006_Wayflnding <br /> <br />2 <br />