Page Two Port Coquitlam - Larry Wheeler February 4, 1994 We have reviewed the tenders and our recommendation is to award contracts as follows: Bervan Homes $168,900.00 Heritage Steel 26,834.53 Structural Steel & Decking 364,091.00 TOTAL $559,825.00 Copies of all the tenders and bid results are enclosed for your reference. ; We have the following comments regarding the tenders: Foundations . Our budget for the foundation package was $161,292.00, including CST; however, the scope of work was increased to include cutting the existing slabs on grade to install new footings. Our budget including this work is $176,841.00. This tender is $7,941.00 under budget, including GST. Reinforcing Steel The quoted price is $8,265.00 over budget. Upon review, we noted that the slab on grade is bar reinforced. We budgeted for wire fabric which accounts for the difference. Structural Steel and Metal Decking The quoted price is $5,641.00 over budget. The 324 OD. columns are very expensive but they are an important part of the architectural as well as structural design. A prompt decision is needed if we are to keep on schedule. (By Thursday February 10, 1994) Overall, the contingency has increased from $42,986.00 to $51,851.00. A copy of an updated cost analysis dated February 4, 1994 is attached. If you have any questions and/or comments, please call. We trust you will find the above to be in order, and we remain; Yours Truly, MIERAU CONSTRUCTION LTD. af CS Mh, _ Doug Gangicon Project Manager DM/tt cc: Erv Janzen vie Davies Architect oY ele