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During the construction the contractor is required to maintain two lanes of through traffic in each direction on both Santa Rita Road and Stoneridge Drive. Generally, the contractor will be required to maintain the ability for a motorist to make left or right turns from each approach to the intersection, although a turning movement may occasionally be restricted for worker safety reasons. In addition to the recommended contract work, to date a considerable amount of construction has already been completed for this project, including acquisition of easements and property to facilitate the free turn lanes, grading, and the relocation of utilities by PG&E. As a result, work related to the recommended construction contract will begin immediately after contract execution. DISCUSSION Bids Sealed bids for this project were opened on February 12, 2013. A total of four bids were received ranging from $1,025,523.40 to $1,231,308.00 (see Attachment 1, Bid Summary). The low base bid amount is approximately 85% of the engineer's estimate of $1,200,000. The low bid of $1,025,523.40 was received from Carone and Company Inc. of Concord, California. All bid documents were found to be in order and past work performed by this contractor was verified to be satisfactory. A project funding and estimated expenditure summary is included as Attachment 2. The project contingency for the project is set at (10%) in anticipation of unforeseen conditions. Note that this project is being funded entirely with various "non-city" sources, including funding from the Alameda County Surplus Property Authority (ACSPA) paid to the City to offset the cost of Staples Ranch traffic mitigations, from the City of Livermore paid to offset the cost of El Charro Road freeway interchange improvements, from Staples Ranch development fees, and from Traffic Development Fees earmarked for the bus shelter turnout. A detail of project funding is included as Attachment 2. Schedule The anticipated schedule for the project is as follows: Approval of Plans and Specifications and Award of Contract March 5, 2013 Start of Construction April 2013 End of Construction October 2013 Page 3 of 4