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. � <br /> The bids received were well below the engineer's estimate provided by Chastain. This was largely � <br /> due to two main factors: (1) concern over fluctuating fuel prices and with how they would affect the <br /> bidding; and (2) the specialty structural work required for installing the retaining walls and wall <br /> repairs was difficult to estimate based on past work history. Very good prices were received for the <br /> work to be performed and the bids received were fairly closely grouped together. <br /> POTENTIAL OBJECTION: There are no known objections to this resolution and <br /> bid award. <br /> INPUT FROM OTHER SOURCES: Homer L. Chastain &Associates, LLP <br /> STAFF REFERENCE: Steve Swanson, Director of Engineering 8� <br /> Infrastructure, at 424-2747 <br /> Matt Newell, City Engineer, at 424-2747 <br /> The Director of Engineering and Infrastructure, Steve Swanson, and City Engineer, Matt Newell, <br /> will be in attendance at the City Council meeting to answer any questions of the Council on this <br /> item. <br /> BUDGET/TIME IMPLICATIONS: <br /> Funding for this project is budgeted in the General Street Capital Fund. The recommended low bid <br /> amount is $553,660.07. <br /> The project should begin in August and be completed by mid December, 2006. The work will <br /> require the subway be closed to vehicular traffic for up to 80 calendar days and closed to <br /> pedestrians for up to 30 calendar days. <br /> Attach: 2 <br /> cc: John Smith, Assistant City Manager for Public Services <br /> Phil Wilhelm, Municipal Services Manager <br /> Dan Mendenall, Traffic and Parking Supervisor <br /> Bobby Davidson, Engineering Technician Supervisor <br /> Otto Baum Company, Inc. <br /> Christy-Foltz, Inc. <br /> Page 2 <br />