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Bids <br /> The engineer's estimate for the project was calculated at $850,000. The project was <br /> advertised for four-weeks, and sealed bids were opened on January 30, 2018. A total <br /> of five bids were received, which ranged from $850,735 to $1,668,000 (see <br /> Attachment 1). The low bid was received from Northern Underground Construction, Inc. <br /> All bid documents were found to be in order and past work performed by Northern <br /> Underground Construction, Inc. was verified to be satisfactory. Staff recommends award <br /> of the construction contract to the lowest responsible bidder, Northern Underground <br /> Construction, Inc. <br /> Budget <br /> It is estimated that $977,835 is necessary to complete this project. Funding and <br /> anticipated project expenditures are detailed in Attachment 2. A 15 percent contingency <br /> amount is recommended due to the nature of underground work and the potential to <br /> encounter unknown abandoned utilities or other buried obstructions that could interfere <br /> with the planned installation of the hydrant laterals, valves, and other appurtenances. <br /> Schedule <br /> The anticipated schedule for the subject project is as follows: <br /> Approval of Plans & Specifications and Award of Contract: 02/20/2018 <br /> Start of Construction: 03/19/2018 <br /> End of Construction: July 2018 <br /> Submitted by: Fiscal Review: Approved y: <br /> /. <br /> Stephen Ki •atrick Tina Olson Nelson Fialho <br /> Director of Engineering/ Director of Finance City Manager <br /> City Engineer <br /> Attachments: <br /> 1. Bid Summary <br /> 2. Funding and Estimated Expenditure Summary <br /> Page 3 of 3 <br />