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Item 10DItem 10D Repainting of the Dove and Bicentennial Elevated Storage Tanks Repainting of the Dove and Bicentennial Elevated Storage Tanks White Chapel Blvd Bids Received Award Recommendation Low bidder has successfully completed projects of similar size and scope Low bid exceeds estimate of probable cost by $63,000 (~10%) Price increase attributable to construction inflation (estimate 2 years old) Prices considered fair and reasonable based on number of qualified bidders Recommend award to low bidder S & L Painting, Inc. Funding Information Funds available from the FY06 CIP and residual funds from the Redundant Water Supply. Recommend award of $703,400 plus 10% contingency Total budget of $773,400 Questions?