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• Sub - contractor insurance programs believed to be a good part of filed sub bid savings. <br />• PBC asked if the action taken regarding the CORI process affected the cost. <br />o Hill stated the addendum to withdraw the fingerprinting requirement was also a cost savings. <br />3. Estimate Summary - Bond <br />The Estimate Summary Spreadsheet was handed out by Bond and they discussed the overall budget, <br />original budget, non -trade line items, and the insurance costs. <br />• PBC asked if any bids were questionable.. Hill stated the Fire Protection bid clearly only represented <br />one school and not both and the Bidder withdrew and the current budget reflects the second bidder. <br />• PBC asked about the significant dollar increase for site work, around $900,000. <br />o It was stated that vetting for the site work is being done to review those costs. <br />• It was stated vetting also needs to be done with some of the low bidders to confirm that their pricing <br />reflects the scope of the work to be done. <br />• Bond discussed the drywall package and stated that those bids need to be evaluated. <br />• $100,000 was identified for potential approval of Drywall shop drawing and submittal phases and <br />$100,000 was identified for potential Metal Panel shop drawings and submittal phase costs. <br />• PBC asked who is tracking all the holds and if the buyout was complete and based on 100% <br />drawings. Bond stated they will be tracking the holds, they have pricing for all trades and all pricing <br />was based on the completed documents. <br />• Bond stated project is forecasted to be at or below budget. Notable Values on the Summary <br />Spreadsheet were discussed. <br />3. Approval of the Sub -Bids <br />• $19,960,252 is the amount for the filed sub -bids that was requested for approval by the committee. <br />• DiNisco reminded the group that the bids are only good for 30 days. Need to move forward with Filed <br />sub bid awards for that reason and to maintain schedule. <br />• PBC asked if anyone on the sub -bid list is worrisome. Hill stated they have all been pre - qualified. <br />• DiNisco stated the major trades are okay and he feels good about the subcontractors involved. <br />PBC: Motion to approve the award of the filed sub -bids, applicable below the line indirect costs, and <br />$200,000 in allowance for noted shop drawings for the Clarke and Diamond Middle School Project in <br />the total amount of $19,960,252. <br />Motion Seconded and is Unanimous. <br />PBC Meeting 09.01.16 Page 2 <br />