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Item 4B AudioHonorable Mayor and members of the City Council, Item 4G on tonight’s agenda is Approve to 1 2 3 4 5 6 The bids ranged from over $10M to $6.7M Circle’s C’s bid of $6,739,020 was $16% lower than the engineer’s estimate of $8M 7 8 The substantial completion date for the T.W. King 30” Water Transmission Main and Meter Station is set in contract documents as April 15, 2013. Final completion is required by 30 calendar days after the substantial completion date. The Contractor may earn a bonus of up to $500,000 if they meet the early substantial completion requirements set in the contract documents. Completion of the project before the April 15, 2013 substantial completion date would raise the city’s level of confidence that the 30” water line will be complete and functional prior to the high water demand period. The bonus payment schedule, below, is included in the contract documents and shall not be subject to change for any reason, including Owner, Engineer or Contractor created delays or claims. The Contractor may earn a bonus of up to $500,000 if they meet the early substantial completion requirements set in the contract documents. The bonus payment schedule, below, is included in the contract documents and shall not be subject to change for any reason, including Owner, Engineer or Contractor created delays or claims. 9 10 The construction of the T.W. King 30” Water Transmission Main and Meter Station links to the city’s strategy map relative to focus areas of Infrastructure and Performance Management and Service Delivery. The specific corporate objectives that are met by this construction project are to invest to provide and maintain high quality public assets, and improve performance and delivery of operational processes. 11 12