Item 14 - Award of a Construction Contract for Bristol St and Memory Lane Intersection

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Bristol Street and Memory Lane Intersection Improvements February 17, 2026 Page 4 testing; and implementation of labor requirements. Any allocated construction administration funds not spent are considered project savings and returned to the respective fund balance upon project closeout. As indicated in the Cost Analysis and as summarized in the table below, the estimated total construction delivery cost of the project is $2,362,238. Project Item Total Construction Contract Bid Amount $1,889,790 Construction Administration $151,469 Inspection $96,000 Testing $36,000 Unanticipated or Unforeseen Work $188,979 TOTAL ESTIMATED CONSTRUCTION DELIVERY COST $2,362,238 Proiect Schedule and Contract Time The project is estimated to be completed in August 2026, barring unforeseeable conditions such as rain, natural disasters, or other delays beyond the control of the City and of the Contractor. The contract time for this project is 90 working days, as specified in the bid documents. Working days are counted in accordance with the City's Standard Specifications, which exclude weekends, City -observed holidays, and inclement weather days that prevent work. The contractor was required to submit a construction schedule as part of their bid to expedite project delivery. The projected completion date, based on the submitted schedule, falls within the allotted 90 working days. If the contractor fails to deliver on time, they will be assessed a penalty of $3,300 per calendar day as specified in the bid documents. Proiect Milestones Milestone Estimated Completion Notes Administrative Startup February 2026 Contract execution, bonds, insurance Material Procurement March 2026 Procurement may take place concurrently with construction. Contractor Mobilization April 2026 Start of construction activities Project Completion I August 2026 1 Based on 90 working days