Metro - File #: 2019-0798

• File #: 2019-0798
• Type: Contract
• Status: Agenda Ready
• File created: 10/25/2019
• In control: Executive Management Committee
• On agenda: 11/21/2019
• Title: AUTHORIZE the Chief Executive Officer (CEO) to: A. EXECUTE Modification No. 2 to Task Order No. PS51074-3049000 with Ernst & Young Infrastructure Advisors, LLC, (EYIA) to continue support for development and execution of a contract for a pre-development agreement (PDA) for the Sepulveda Transit Corridor project through contract award, in the amount of $539,575 increasing the not-to-exceed Task Order value from $1,099,280 to $1,638,855; and B. INCREASE Contract Modification Authority (CMA) by $227,915 from $100,000 to $327,915 in support of any unforeseen additional level of effort.
• Sponsors: Board of Directors - Regular Board Meeting
• Indexes: Budgeting, Contractors, Contracts, Governance, Pre-Development Agreement, Procurement, Project, Public private partnerships, Public-Private Partnership (PPP) Project (Project), Schedules and scheduling

Meeting_Body
EXECUTIVE MANAGEMENT COMMITTEE
NOVEMBER 21, 2019


Subject
SUBJECT: FINANCIAL ADVISORY SERVICES: PRE-PROCUREMENT AND PROCUREMENT FOR THE SEPULVEDA TRANSIT CORRIDOR PRELIMINARY DEVELOPMENT AGREEMENT

Action
ACTION: APPROVE RECOMMENDATIONS

Heading
RECOMMENDATION

Title
AUTHORIZE the Chief Executive Officer (CEO) to:

A. EXECUTE Modification No. 2 to Task Order No. PS51074-3049000 with Ernst & Young Infrastructure Advisors, LLC, (EYIA) to continue support for development and execution of a contract for a pre-development agreement (PDA) for the Sepulveda Transit Corridor project through contract award, in the amount of $539,575 increasing the not-to-exceed Task Order value from $1,099,280 to $1,638,855; and

B. INCREASE Contract Modification Authority (CMA) by $227,915 from $100,000 to $327,915 in support of any unforeseen additional level of effort.

Issue
ISSUE

Task Order No. PS51074-3049000 currently provides for P3 Financial Advisory Services for the development and execution of a contract for a PDA for the Sepulveda Transit Corridor project. Staff is requesting a modification in the amount of $539,575 for Task Order No. PS51074-3049000, to support Metro's current procurement and execution schedule, with appropriate schedule contingency. Staff is requesting an increase in CMA by $227,915 to account for any additional unforeseen expenses or required level of effort, to be utilized with appropriate justification.

Discussion
DISCUSSION

A PDA is a form of early contractor involvement in project development for a capital construction project. The goal of a PDA is to drive value in project design through early contractor input into approach, constructability, performance, risk, cost, and schedule, with incentives to drive innovation throughout the project's lifecycle.

A PDA of the type that Metro determined to pursue draws on lessons learned and best practices for early contractor involvement from around the world. However, a PDA of t...