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Construction Contract for the Cypress Center Restoration <br /> October 21, 2025 <br /> Page 3 <br /> specifications, and expectations, delivering work that staff found to be both high in <br /> quality and efficiently completed. (Exhibit 3). <br /> Project Delivery <br /> To deliver a complete project, in addition to the construction contract, the estimated total <br /> project delivery cost includes a budget allocation for construction administration, <br /> inspection, and testing. Construction administration and inspection may be performed <br /> by either Staff or consultants and includes construction management, inspection of the <br /> Contractor's work to ensure contract compliance, workmanship and quality, materials <br /> testing, and implementation of the labor requirements. <br /> Any of the allocated construction administration funds not spent are considered project <br /> savings and are returned to the respective fund balances upon close out of the project. <br /> As indicated in the Cost Analysis and as summarized in the table below, the estimated <br /> total construction delivery cost of the project is $3,894,340. <br /> Project Item Total <br /> Construction Contract Bid Amount $3,322,512 <br /> Construction Administration $127,775 <br /> Inspection $79,860 <br /> Testing $31,943 <br /> Unforeseen Conditions $332,250 <br /> TOTAL ESTIMATED CONSTRUCTION DELIVERY COST $3,894,340 <br /> Project Schedule and Contract Time <br /> The project completion date is scheduled for November 2026, barring unforeseeable <br /> conditions such as rain, natural disasters, or other delays beyond the control of the City <br /> and of the Contractor. The contract duration allotted for this project is 250 working days, <br /> as specified in the bid documents. The 250 working days are necessary due to the <br /> building's historic status, coordination of multiple trades, and long lead times for <br /> specialized materials, such as electrical switchgear, and procurement of historically <br /> appropriate components. Working days are counted in accordance with the City's <br /> Standard Specifications, which exclude weekends, City-observed holidays, and <br /> inclement weather days that prevent work. <br /> The contractor was required to submit a construction schedule as part of their bid to <br /> expedite delivery of the project. The projected completion date based on the submitted <br /> schedule is November 2026, which is within the allotted 250 working days. If the <br /> contractor fails to deliver on time they will be assessed a penalty of $1,200 per calendar <br /> day as specified in the bid documents. <br />