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Type:
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Contract
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Status:
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Passed
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On agenda:
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11/19/2015
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Final action:
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12/3/2015
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Title:
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A. INCREASING the Life of Project (LOP) Budget on the Regional Connector Project by $131.8 million, from $1,420 million to $1551.8 million;
B. INCREASING the Regional Connector FY16 Budget by $20 million;
C. AUTHORIZING the CEO to execute Contract Modification No. 32 to Contract C0980, Regional Connector Constructors (RCC) for additional utility work and schedule recovery measures, in an amount not-to-exceed $49,000,000, increasing the total contract price from $986,177,590 to $1,035,177,590; and
D. AUTHORIZING the CEO to execute Contract Modification No. 33 to Contract C0980, Regional Connector Constructors (RCC) for the addition of a fan plant at the wye junction, in an amount not-to-exceed $12 million, increasing the total contract price from $1,035,177,590 to $1,047,177,590. Upon Board approval of this recommendation and execution of Modification no. 33, staff will cancel Modification No. 4 $4.1 million. Therefore, the net effect of this additional work is $7.9 million.
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Indexes:
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Audit, Board approved Contract, Budget, Budgeting, City of Los Angeles, Construction, Construction completed, Construction management, Contractors, Contracts, Design build, Federal Transit Administration, Full Funding Grant Agreement, Grant Aid, Guidelines, Light rail transit, Measure R, Measure R Cost Management Process and Policy, Metro Blue Line, Metro Exposition Line, Metro Gold Line, Metro Rail A Line, Metro Rail E Line, Metro Rail L Line, Mitigation, Plan, Procurement, Project, Project management, Regional Connector (Project), Regional Connector Transit Corridor Project, Safety, Short Range Transportation Plan, Transfers, Transportation Infrastructure Finance and Innovation Act of 1998, Variance
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Meeting_Body 2nd REVISED CONSTRUCTION COMMITTEE NOVEMBER19, 2015 Subject/Action SUBJECT: REGIONAL CONNECTOR TRANSIT CORRIDOR PROJECT ACTION: ESTABLISH A REVISED LIFE OF PROJECT BUDGET AND AUTHORIZE CONTRACT MODIFICATIONS TO CONTRACT C0980 TO MITIGATE COST AND SCHEDULE IMPACTS Heading RECOMMENDATION Title A. INCREASING the Life of Project (LOP) Budget on the Regional Connector Project by $131.8 million, from $1,420 million to $1551.8 million; B. INCREASING the Regional Connector FY16 Budget by $20 million; C. AUTHORIZING the CEO to execute Contract Modification No. 32 to Contract C0980, Regional Connector Constructors (RCC) for additional utility work and schedule recovery measures, in an amount not-to-exceed $49,000,000, increasing the total contract price from $986,177,590 to $1,035,177,590; and D. AUTHORIZING the CEO to execute Contract Modification No. 33 to Contract C0980, Regional Connector Constructors (RCC) for the addition of a fan plant at the wye junction, in an amount not-to-exceed $12 million, increasing the total contract price from $1,035,177,590 to $1,047,177,590. Upon Board approval of this recommendation and execution of Modification no. 33, staff will cancel Modification No. 4 $4.1 million. Therefore, the net effect of this additional work is $7.9 million. Issue ISSUE In May 2014, the Metro Board awarded the C0980 contract to RCC for $927.23 million, and established a life of project budget for the project at $1,420 million, including $92.7 million in contingency. Since contract award, several significant costs have been incurred which have eroded project contingency. Furthermore, FTA requested a project contingency analysis be performed which indicated that additional contingency is required to complete the project. The staff recommendation includes additional funding of $132 million to cover cost growth on the project and to replenish contingency. Staff intends to aggressively manage all areas of th... Click here for full text
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