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Approve Additional Contingency Funds for Warner Avenue Street Improvements Project
<br />May 21, 2024
<br />Page 2
<br />installing parkways, raised median landscaping, storm drains, protected bike lanes, sound
<br />walls, street lights, and traffic signals.
<br />Lonerock, Inc. has completed underground utilities installation and the southern portion
<br />of the Warner Avenue segment. However, due to a combination of cost escalation, labor
<br />and market pricing steadily rising, and executed and anticipated change orders, costs for
<br />Warner Avenue Improvements will surpass the $1,155,145 contingency identified for this
<br />portion of the work (Exhibit 3). Additional contingency will also be needed for future
<br />potential unforeseen work as the project progresses to completion.
<br />The recommended action will increase the project contingency by an additional
<br />$1,700,000 thereby increasing the total estimated construction delivery cost to
<br />$14,755,867 as indicated in the Revised Cost Analysis (Exhibit 4) and as summarized in
<br />the table below:
<br />EXPENDITUR
<br />ORIGINAL
<br />ADDED
<br />ADDITIONAL
<br />E
<br />AMOUNT
<br />CIP
<br />FUNDING
<br />NEW TOTAL
<br />CATEGORY
<br />23/24
<br />Construction
<br />Contract Bid
<br />$9,486,525
<br />$9,486,525
<br />Amount
<br />Construction
<br />Administration,
<br />$1,614,197
<br />$1,614,197
<br />Inspection,
<br />Testing
<br />Contingencies
<br />$1,155,145
<br />$800,000
<br />$1,700,000
<br />$3,655,145
<br />Total
<br />Estimated
<br />$12,255,867
<br />$2,500,000
<br />$14,755,867
<br />Construction
<br />$800,000
<br />Delivery Cost
<br />Staff recommends the approval of the recommended action in order to continue the
<br />construction of the Warner Avenue Street Improvements Project .
<br />ENVIRONMENTAL IMPACT
<br />In accordance with the California Environmental Quality Act, the recommended actions
<br />are exempt from further review. On September 1, 2015, City Council approved the Warner
<br />Avenue Final Environmental Impact Statement (SCH No. 2012101004)
<br />FISCAL IMPACT
<br />As indicated in the Cost Analysis, the estimated total construction delivery cost of the
<br />project (14-6802) is $14,755,867, which includes construction, contract administration,
<br />
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