Page 31 - Construction Financing News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Supervisor avalos. I got stitched up many times at kaiser hospital. My son was born there. Thank you for being here. Excuse me. Thank you, sir. Well have Public Comment in a minute. I want to thank anyone who did come. Those speakers, i think, well have concluding comments, but well open up to Public Comment. Everyone will have two minutes. I have a few speaker cards and theres more. Larry brad shau and brook. Please, anyone want to speak in Public Comment and everyone will have two minutes to speak. Is this working . Sir, sir, the podium will work, go ahead. This is [inaudible]. Stand still i...

As possible to work under the contract. Even under the time and material contract when you have maximums in there, they have the risk that that task is to be performed within that number of hours. And what you seem to be saying is that is not the case and they put it in and wow, it is going to be 1,000 maybe hours and that would out to this maximum but if it becomes 1280 hours, well it just did. And they, and if the scope changes, they would have a justification but if the scope does not change, they have to hold to the work plan. They do bear that risk. So that gets to my question and if they...

Right, has web cor has assumed in their bids, you know, in their fees and stuff. But at the time of the material, and for specifically only preconstruction, and that is and you know, with the added scopes, in fact, what happened with the rva and the risk and vonnerbility assessment and there as actually already a model and theyed to remodel and that is part of the components that with the time and material it actually made it very easy for us to get to a stage and because they have a track with them the exact hours and track for efficiencies, and steve is in the room, and he knows that we sit ...

Scopes, in fact, what happened with the rva and the risk and vonnerbility assessment and there as actually already a model and theyed to remodel and that is part of the components that with the time and material it actually made it very easy for us to get to a stage and because they have a track with them the exact hours and track for efficiencies, and steve is in the room, and he knows that we sit down all of the time to keep track to make sure that they are working as efficiently as possible to work under the contract. Even under the time and material contract when you have maximums in there...

Amendment request for today. And which we would complete the precom services through 2015. Back in 2009, is when the cmgc agreement was reached with web cor, and that at the time there was no train box, the train box was added in 2010 and eventually that services were included by 2011, Preconstruction Services were amended by amendment 20 to include the scope of that work. Since that time, there was items such as the risk and vonnerbility assessment that was added and had to reevaluate and remodel and modify a lot of the design in the project. And which also affected the design delivery, as we...