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EXHIBIT C <br /> <br /> GUARANTEED MAXIMUM PRICE BUDGET ESTIMATE <br /> <br /> Power Engineering Contractors, Inc. LLC February 6, 2003 <br /> <br /> Project: Relocate Reinforced Concrete Box Culvert-Downtown Redwood City <br /> Guaranteed Maximum Price Budget Estimate <br /> Estimated Cost of Relocation of RCBC <br /> <br />I <br />ITEM DESCRIPTION QTY UNIT BID BID <br /> UNIT $ EXTENSION $ <br />1 Mobilization 1 LS 60,000 60,000 <br />2 Dewatering 1 LS 94,075 94,075 <br />3 Shoring 18585 SF 39 724,815 <br />4 Excavation/Drainrock 8060 CY 25 201,500 <br />5 Concrete 2078 CY 700 1,454,600 <br />6 Lids 1 EA 24,000 24,000 <br />7 Tie-ins 2 EA 50,000 100,000 <br />8 Traffic and Ped Safety 1 LS 70,000 70,000 <br />9 Offhaul 10478 CY 20 209,560 <br />10 Relocate Utilities-City 1 LS 75,000 75,000 <br /> Lot <br />11 Repair Lot 1 LS 80,000 80,000 <br />12 Subtotal 3,093,550 <br />13 Bond 1 LS 40,000 40,000 <br />14 Insurance 2.5% <br />15 Allowances <br />16 Relocate Utilities 1 LS 90,000 90,000 <br /> Middlefield <br />17 Relocate utilities 1 LS 210,000 210,000 <br /> Jefferson <br />18 Total Estimated 3,433,550 <br /> Construction <br />19 Design: 1 LS 142,050 142,050 <br /> Kennedy/Jenks/BAGG <br /> Slooten/SURE <br />22 Subtotal GMP 3,575,600 <br />23 Wentz-Preconstruction 1 LS 25,000 25,000 <br />24 Engineering Deposit 1 LS City will pay and <br /> track internally <br />a General Engineering $6,250+(.4% of <br /> $3.5m)=$20,250 <br />b Construction Inspection $18,200+(1.5% x <br /> $3.5m)=$70,700 <br />25 Grand Total GMP $3,600,600 <br /> <br /> <br />