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FINANCIAL APPROACH
<br />CITY OF SOUTH BEND: PINHOOK WTP IMPROVEMENTS PROJECT GUARANTEED SAVINGS CONTRACT
<br />OPEN BOOK PRICING TO VIEW SAVINGS
<br />D.3. Explain the Provider’s approach to open book pricing allowing the city to view savings from
<br />value engineering or other project cost reductions
<br />We use simple spreadsheets to track the budgets as the design progresses. We summarize the costs by specification
<br />section and by structure (headworks, clarifier, U/V, oxidation ditch, etc) so that everyone can clearly see how the budget
<br />has changed from start to finish.
<br />60% Design Costs (VE Reflected)
<br />Original Costs @ 30% Design Opinion of Cost
<br />LaborEquipmentMaterialSubcontractor Revised Total LaborEquipmentMaterialSubcontractorOriginal Total
<br />Div. 1$ 4,327$ 14,312 $ 18,454$ 10,000$ 47,093$ 4,333$ 14,311$ 35,236$
<br /> 2,500$ 56,380
<br />Div. 2$ 44,054$ 5,057$ 5,980$ 23,842$ 78,933$ 32,984$ 4,022$ 7,384$
<br /> 23,668$ 68,057
<br />Div. 3$ 19,112$ 1,821$ 4,935$ 1,000$ 26,868$ 53,986$ 6,503$ 18,229$
<br /> 3,150$ 81,868
<br />Div. 4$ -$ -$ -$ 40,400$ 40,400$ -$ -$ -$
<br /> 32,850$ 32,850
<br />Div. 5$ 8,968$ -$ 8,351$ 4,000$ 21,319$ 20,182$ -$ 25,700$
<br /> -$ 45,882
<br />Div. 6$ -$ -$ -$ -$ -$ -$ -$ -$
<br /> -$ -
<br />Div. 7$ -$ -$ -$ 7,250$ 7,250$ -$ -$ -$
<br /> 14,250$ 14,250
<br />Div. 8$ 1,925$ -$ 2,370$ 3,500$ 7,795$ 2,295$ -$ 6,750$
<br /> 3,500$ 12,545
<br />Div. 9$ -$ -$ -$ 14,650$ 14,650$ -$ -$ -$
<br /> 27,935$ 27,935
<br />Div. 10$ 3,788$ 625$ 6,048$ -$ 10,461$ -$ -$ -$
<br /> -$ -
<br />Div. 11$ 21,036$ -$ 185,180$ -$ 206,216$ 18,172$ -$ 123,385$
<br /> -$ 141,557
<br />Div. 12$ -$ -$ -$ -$ -$ -$ -$ -$
<br /> -$ -
<br />Div. 13$ 3,921$ -$ 1,000$ 150,200$ 155,121$ 4,602$ -$ 1,550$
<br /> 143,000$ 149,152
<br />Div. 14$ -$ -$ -$ -$ -$ -$ -$ -$
<br /> -$ -
<br />Div. 15$ 75,484$ 11,706 $ 67,354$ 109,703$ 264,247$ 87,337$ 13,448$ 84,154$
<br /> 48,764$ 233,703
<br />Div. 16$ -$ -$ -$ 82,667$ 82,667$ -$ -$ -$
<br /> 115,568$ 115,568
<br />Cost of the Work Subtotal$ 963,020$ 979,748
<br />As mentioned in Section 4 – Project Implementation, we use our
<br />accounting software (CGC) to track budgets and costs using use
<br />cost codes separated by structure. This makes it easy for
<br />everyone to understand how much was originally budgeted, how
<br />much has been spent, and how much budget remains.
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<br />BONDING CAPABILITY
<br />E. Provide proof that the Provider can furnish a Performance Bond and a Payment Bond each in
<br />the amount of 100 percent of the project.
<br />
<br />Please refer to the following page for our Surety Letter.
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