File #: 2019-0176   
Type: Contract Status: Agenda Ready
File created: 3/20/2019 In control: Executive Management Committee
On agenda: 4/18/2019 Final action:
Title: AUTHORIZE the Chief Executive Officer to execute Modification No. 2 to Task Order No. PS50315-3049000 with Sperry Capital Inc. to finalize the Business Case for West Santa Ana Branch Light Rail Transit Project ("WSAB" or "the Project") in the amount of $977,040 increasing the not-to-exceed task order value from $1,099,970 to $2,077,010.
Sponsors: Executive Management Committee
Indexes: Alignment, Budget, Budgeting, Contracts, Light rail transit, Procurement, Project, Public private partnerships, Public-Private Partnership (PPP) Project (Project), Safety, West Santa Ana Branch Transit Corridor, West Santa Ana Branch Transit Corridor (WSAB) Project
Attachments: 1. Attachment A - Procurement Summary, 2. Attachment B - Task Order Modification Change Order Log, 3. Attachment C - DEOD Summary
Related files: 2019-0281
Date Action ByActionResultAction DetailsMeeting DetailsAudio
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Meeting_Body
EXECUTIVE MANAGEMENT COMMITTEE
APRIL 18, 2019

Subject
SUBJECT: WEST SANTA ANA BRANCH P3 BUSINESS CASE FINANCIAL ADVISORY SERVICES

Action
ACTION: APPROVE RECOMMENDATION

Heading
RECOMMENDATION

Title
AUTHORIZE the Chief Executive Officer to execute Modification No. 2 to Task Order No. PS50315-3049000 with Sperry Capital Inc. to finalize the Business Case for West Santa Ana Branch Light Rail Transit Project ("WSAB" or "the Project") in the amount of $977,040 increasing the not-to-exceed task order value from $1,099,970 to $2,077,010.

Issue
ISSUE

Task Order No. PS 50315-3049000 currently provides for P3 Financial Advisory Services to support development of a P3 Business Case for the WSAB. Staff is requesting a modification in the amount of $977,040 for Task Order No. PS50315-3049000 to finalize the Business Case for WSAB.

Background
BACKGROUND

The P3 Business Case is a comprehensive approach, utilized as a best practice worldwide by public agencies for major capital investments to identify, assess and make a recommendation on the appropriate procurement option for a project that is likely to best achieve the project objectives and maximize value for money. A P3 business case will identify and assess a range of alternative procurement models (i.e., models that are different than the traditional design-bid-build or design-build approaches) and make a recommendation on an optimal procurement model to be pursued along with a credible plan for implementation.

Key tasks in support of a P3 Business Case include:
1. Review and analyze existing project information
2. Shortlist procurement options for assessment
3. Qualitative assessment of procurement options
4. Market soundings and industry engagement
5. Project cost identification and financial modelling
6. Risk assessment and quantification
7. Quantitative Value for Money Assessment
8. Funding and affordability analysis

Key deliverables include:
1. Qualitative Assessment Report
2. Market S...

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