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Opening Request for Qualifications - SB Pinhook WTP Guaranteed Savings Contract - Reynolds Construction
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Opening Request for Qualifications - SB Pinhook WTP Guaranteed Savings Contract - Reynolds Construction
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10/14/2020 1:08:04 PM
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10/14/2020 1:07:51 PM
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Board of Public Works
Document Type
Contracts
Document Date
10/13/2020
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FINANCIAL APPROACH <br />CITY OF SOUTH BEND: PINHOOK WTP IMPROVEMENTS PROJECT GUARANTEED SAVINGS CONTRACT <br />Field office overhead X <br /> <br />Profit X <br /> <br />ContingencyX <br /> <br />GSC Provider guarantee documentations X <br />Pre-Construction services X <br />Construction Value Engineering X <br />Constructability reviews X <br />On-site management staff X <br /> <br />Project management X <br /> <br />Construction engineering X <br /> <br />Project trailersX <br /> <br />Mobilization X <br /> <br />Small tools and consumables X <br /> <br />Heavy operated equipment X <br /> <br />Non-operated equipmentX <br /> <br />Commodities and materialX <br /> <br />Process equipmentX <br /> <br />Subcontractors and subcontract prep X <br /> <br />Project-based safety X <br /> <br />Out of town staff housing / per diemX <br /> <br />OPEN BOOK PRICING TO VIEW CONTINGENCY <br />D.2. Explain the Provider’s approach to open-book pricing allowing the City to view the contingency for the <br />project. <br />As suggested previously, all pricing for the Project Cost, continency, and fixed fee is always 100% transparent. The <br />contingency we select for the various items we price will vary depending on the amount of risk each price includes. <br />Inflation, freight costs, unknown underground conditions, potential utility conflicts, and design changes are all potential <br />risks that would merit contingency. The example table on the following page shows contingency calculations in the <br />right-hand columns. <br />Page | 46 <br /> <br />
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