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Fairview Street Rehabilitation from Southern City Limits to Alton Avenue <br />March 3, 2026 <br />Page 4 <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 balance 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 $3,410,000. <br />Project Item <br />Total <br />Construction Contract Bid Amount <br />$2,728,000 <br />Construction Administration <br />$218,240 <br />Inspection <br />$136,400 <br />Testing <br />$54,560 <br />Unanticipated or Unforeseen Work <br />$272,800 <br />TOTAL ESTIMATED CONSTRUCTION DELIVERY COST <br />$3,410,000 <br />Project Schedule and Contract Time <br />The project is estimated to be completed in August 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 time for this project is 65 working days, as specified <br />in the bid documents. Working days are counted in accordance with the City's Standard <br />Specifications, which exclude weekends, City -observed holidays, and inclement <br />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 dates based on the submitted <br />schedule is August 2026, which is within the allotted 65 working days. If the contractor <br />fails to deliver on time, they will be assessed a penalty of $7,620 per calendar day as <br />specified in the bid documents. <br />Project Milestones <br />Milestone <br />Estimated <br />Completion <br />Notes <br />Administrative Startup <br />March 2026 <br />Contract execution, bonds, <br />insurance <br />Material Procurement <br />April 2026 <br />Procurement may take place <br />concurrently with construction. <br />Contractor Mobilization <br />April 2026 <br />Start of construction activities <br />Project Completion <br />I August 2026 <br />1 Based on 65 working days <br />