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

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eowEn► FINANCIAL APPROACH ► Include Outside Expertise: We will use our relationships with process equipment manufacturers, and local subcontractors to validate budgets and changes throughout the design phase. ► Complete Guaranteed Maximum Price (GMP) at 60% Design: Our collaboration and past pricing iterations for your future projects through 60% gives us the confidence we need to offer the GMP. We will include a "Risk Register" to assign appropriate responsibility and contingency for each point of risk. The contingency will be presented as a stand alone number for transparency purposes. 5c) Explain your firm's approach to open book pricing allowing the City to view the Pricing structure (mark up covering overhead and profit) of the Qualified Provider and subcontractors. Explain your firm's approach to open book pricing allowing the City to view the contingency for the project. Explain your firm's approach to open book pricing allowing the City to view savings from value engineering or other project cost reductions. Bowen supplies an open book pricing sheet similar to the one found at the end of this section on a monthly basis or as requested by South Bend. This allows South Bend and Engineering Partners to track our cost for subcontractors, vendors, material suppliers, and labor versus the original budget. We also include a contingency use log to show where and how these dollars are spent or saved. Our commitment to South Bend is that 100% of savings derived from the pricing sheet and contingency will be for the use of South Bend. Furthermore, these savings can be used as directed by South Bend on additional "wish list" items that are related to the WWTP/CSO 045 EQ Basin and Clarifier Upgrade Projects for NO additional fee. This is our idea of true transparency that incentivizes our team to maximize savings. 5d) Provide proof that the Provider can furnish a Performance Bond and a Payment Bond in the amount of 100 percent of the project. Bowen has been bonding projects in Indiana without an issue for the past 50+ years. Please see a letter from our bonding agency (Dimond Bros.) at the end of this section.