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Transcripts For SFGTV 20140801

And ready for shipping out of the fabricators. We ran into one more pg e line in the work so they have promised us right guy . That they will be done relocating that in july so we will finish up that work in august. The contractor is ready to move back in as soon as pg e gives the all clear sign. Going through the next couple of months we will continue the lower level or second lift wall in order to accommodate the slabs and work on the third area walls. In the east the goal is complete the pores and our goal is by that date and completing that and the planning to be done by the end of august. This is the contingency tracking slide that we share with you regularly. If there are questions we can jump into that in a moment. Laborer break down were running true with 63, 64 of local. The San Francisco numbers are holding. Same with the apprentice hours on a geographic location and were up almost to 2,000 individuals that have touched the project in the crafts area. I would be happy to answ

Transcripts For SFGTV 20140807

Competitiveness of the bidding environment we need to get three or four bidders. You get one or two bids there is a margin of 10, 20, 30 above what the package should cost. I will note that the biggest contract here is the temporary facilities and there was only one bidder i believe and that recommended award is less than the estimate. Yeah. This is a timing materials contract. Director sartipi. If the highest risk is the number of bidders what do when we interview the contractors that picked up the package what is their responses to why theyre not bidding . Is it not value . Is it difficult . Is it complex . Or theyre busy someplace else . Theyre saying theyre busy someplace else but let me bring in webcore. They directly talk to the contractors. I could use a life line here. So mostly it is the fact they have other opportunities in the market place elsewhere that they find more attractive. For example, the metal stairs we had nine prequalified bidders and the first time we only had o

Transcripts For SFGTV 20140731

For the welding and the fabrication we have done well keeping up on that and almost now almost 170 cast nodes i think its 170. I have to do the math quick. Cast nodes in the delivery, about halfway through so were looking to finish that up. More cast node shots in the inspection stages and ready for shipping out of the fabricators. We ran into one more pg e line in the work so they have promised us right guy . That they will be done relocating that in july so we will finish up that work in august. The contractor is ready to move back in as soon as pg e gives the all clear sign. Going through the next couple of months we will continue the lower level or second lift wall in order to accommodate the slabs and work on the third area walls. In the east the goal is complete the pores and our goal is by that date and completing that and the planning to be done by the end of august. This is the contingency tracking slide that we share with you regularly. If there are questions we can jump into

Transcripts For SFGTV 20140711

The mitigation is 2. 5 million over what we anticipated at this point. The chart that we shared with you. This is a chart that we shared with you as sth of mitigation if we stay on average within the estimate. It shows that the remaining reserves would be 15 million [inaudible] and the remaining construction contingency which is addition to the construction contingency and the [inaudible] would be 72 million, 72 and a fraction so right now were off target by 2. 5 million dollars. The assumption is if were within the estimates on the award of the project we would have 50 million in reserves left and 72 million in construction contingency left. So if i may . I guess so youre looking first of all at the sum of the value of the five packages relative to the estimate, but if you look relative to the budget and were working from an approved budget from last year this is these are 50 higher than the budget. Yeah. So thats just one concern that the budget for these items is in the low 30s and

Transcripts For SFGTV 20140711

Is and what the bids presented to the board. It shows that the roof top crane is 2. 4 8 million [inaudible] estimates. The temporary facilities 1 million below and elevates 2. 9 seven and escalators [inaudible] and the mitigation is 2. 5 million over what we anticipated at this point. The chart that we shared with you. This is a chart that we shared with you as sth of mitigation if we stay on average within the estimate. It shows that the remaining reserves would be 15 million [inaudible] and the remaining construction contingency which is addition to the construction contingency and the [inaudible] would be 72 million, 72 and a fraction so right now were off target by 2. 5 million dollars. The assumption is if were within the estimates on the award of the project we would have 50 million in reserves left and 72 million in construction contingency left. So if i may . I guess so youre looking first of all at the sum of the value of the five packages relative to the estimate, but if you

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