THE CORPORATION OF YHE CITY OF PORT COQUITLAM - 3 -.

ITEM VI - Continued

Re: Laurier Avenue Reconstruction

a storm sewer installation on Regina Street north of Prairie. This storm
sewer installation is now estimated to cost $35,000 because the developer
north of Prairie has not proceeded with the portion of the storm sewer

within the proposed development. Engineering fees are estimated to cost
$7,000. B.C. Hydro and B.C. Telephone underground installations are now
estimated to cost $30,000 more than we originally planned. In other words
it is projected that there will be approximately $45,000 remaining in the
account. On Friday, September 5th, 1975 the following tenders were received:

“H& T Kwast - $121,362.56 (Plus 10% certified cheque)
MacLand Construction ~ $147,244.06 (plus 10% certified cheque)
Y.S.M. Contracting $151,187.60
H.B. Contracting - $186,383.35 (plus 10% Bid Bond)
The Engineering Consultant estimates the project at $131,000 and

in view of the City's most recent experience the City Engineer concurs with
this estimate,

The acceptance of the low bid would mean that the project will be
approximately $66,000 over Budget.

; The Committee recommends that all bids be rejected and the work
proceed on the easterly portion of Laurier Avenue by using City crews and
‘that expenditures made on this project in 1975 not exceed the original
approved sum of $117,900.