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<br />(0 - ) B, 2 . . <br />Staff also found unexpected cost increases in structural and steel material components, <br />all contributing to the unusual high prices on this project. All these factors are indicative <br />of an unsatisfactory market for bidding this kind of work. <br />':"he refore , staff recommends rejecting all bids, and readvertis,ng the project later this <br />summer with a modified scope of work. <br />Alternative <br />Approve the lowest responsible bidder from the above list. <br />Fiscal Impacts <br />If the Council elects to go forward with the above alternative, the construction cost will <br />be $817,770.00 for this project. Funds in the amount of $700,000 are appropriated in <br />the FY 2004-2005 Capital Improvement Program Budget from the Capjtal Projects <br />Fund. In July 2004, funds in the amount of $200,000 will be allocated in the FY 2004- <br />2005 Capital Improvement Program budget from the Capital Projects Fund to cover the <br />remaining balance of $117,770.00. <br />~~ (' 'J ) ) <br />I .. ¡;'7\~ - ~ ~ <br />Phong Du ffjf. oel PatteJso <br />Senior Civil Engineat' I Community Development Services Director <br />v <br />PDulPW:ss <br />SlLlBRARYIREPORTSIChulawarrLLakeview Rehab <br />Page 2 of 2 <br />