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(oA13z <br />Total construction time for the 2002 -2003 Slurry Seal Project is thirty (30) calendar <br />days. <br />On July 23, 2003, five ( bids were received for the 2002 -2003 Slurry Seal Project and <br />are summarized below: <br />Bid <br />Rank Contractor Amount <br />1. Graham Contractors Inc. — San Jose, CA iJ271,990.60 262,635.3 <br />2. 1 American Asphalt Repair & Resurfacinq Co., Inc. — Hayward, CA I <br />3. 1 Valley Slurry Seal Company — West Sacramento, CA $284,776.10 <br />1 4. 1 California Pavement Maintenance, Co. Inc. — Sacramento, CA ($306,496.00 <br />5. 1 Intermountain Slurry Seal, Inc. — Santa Cruz, CA ($380,404.00 <br />The low bid of $262,635.30 is 20% lower than the Engineer's Estimate of $330,000, <br />and is considered a good and responsible bid. <br />Alternatives <br />Do not approve the contract for the 2002 -2003 Slurry Seal Project, which would be <br />contrary to prior Council action. <br />Fiscal Impacts <br />Funds in the amount of $1,100,000.00 are appropriated in the 2002 -2003 Capital <br />Improvement Program budget as part of the Transportation (Measure "A ") Fund. <br />Excess monies will be used for the upcoming Slurry Seal and Overlay Projects. <br />-� �� <br />M. Saber Sarwary Bruce Liedstrand Ed verett <br />Senior Civil Engineer Community Development Services Director City Manager <br />Attachment: Summary of Streets <br />MSS:ss <br />S lmydoclibrarylreportslAward02 -03 slurry seal <br />Page 2 of 2 <br />