Opening of Qualifications - WWTP CSO Tank RFQ Guaranteed Savings Contract Proj No. 121-071-A - Bowen Enigneering

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eowEn► FINANCIAL APPROACH 5a) Describe in detail the process the Provider intends to utilize to obtain the best prices for the City. Explain why this approach is better than other available approaches. Bowen has implemented (8) projects, including (1) GSC project, with South Bend totaling over $23M. 1998 - $2.4M Pinhook Renovations (WTP) • 1999 - $5.5M Secondary Clarifier Improvements (WWTP) 2000 - $2.1 M Blower Replacement/Generator Improvements (WWTP) 2010 - $2.2M Blowers 1A & 1 B Rehab (WWTP) • 2019 - $1.8M Olive St. Filter Improvements (WTP) • 2020 - $4.27M Final Clarifier Improvements (WWTP) 2021 - $1.78 Pinhook GSC Improvements (WTP) • 2022 - $3.58M North WTP Improvements Bowen's GSC Value Engineering with American Structurepoint and the City of South Bend avoided multiple shutdowns and provided project savings that were reinvested into significant additional scope (at cost, with no additional fee) allowing the Pinhook WTP to run better than expected when the project was completed. Bowen's success on the above traditional low -bid projects is a testament of our ability to reduce project costs for the City of South Bend. After selection, Bowen will coordinate with South Bend and engineering partners to hold a project kick-off meeting. At this meeting, we will collaborate on our estimating timeline and design goals going forward. At an agreed upon design percentage, Bowen will deliver a Guaranteed Maximum Price (GMP) proposal. Budget pricing, value engineering, and general guidance are all done at risk up until this point in the process, with no obligation to our customers. Bowen has delivered a GMP proposal with as little as 30% design on past projects when needed. We guarantee that the price will not go over the GMP. Bowen will strive to obtain the best prices throughout the entire GSC process. Estimating (GMP development) and Construction. In the estimating stage, the following makes Bowen's approach the best in the industry: ► Equipment Lead Time Matrix - The current supply chain is very unstable. Key equipment lead times can play a significant factor in how a project gets built and budgeted. ► Estimating Experience — Bowen's estimating team has been fine tuning production numbers for the past 55 years, longer than any other provider. Specifically, Bowen has collaborated on over 100+ GSC projects. ► Value Engineering — Bowen shines during the design phase by having 94 graduate engineers on staff to help/assist and provide ideas on process equipment with actual costs. This allows the team to make the most informed design decisions. ► Mark Up Reduction — Bowen is a Provider, Construction Manager and Self -Performing Contractor that allows us to eliminate or reduce multiple layers of mark up on GSCs. Bowen proposes an 8% fee for overhead and profit on all GSC projects implemented under the South Bend GSC Contract.