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<br />In addition, the construction cost the JPA includes an administrative fee to be paid to Coon Rapids no <br />later than 90 days after the contract award. This administrative fee is based on a sliding scale, and <br />the following table calculates the fee that will be required as part of this contract as well as the total <br />project cost. The administrative fee covers advertising, specification preparation, legal review and <br />other overhead costs that City of Mounds View staff would be required to complete if the city went out <br />for bids independently. This administrative fee adds approximately $0.02/syd to the cost of the <br />project. <br /> <br />Recommendation: <br />Public Works recommends that the City Council approve the attached resolution and concur with the <br />award of the contract to Pearson Bros., Inc. Additionally, staff further recommends a 10% <br />contingency of $7,600 for quantity over-runs or additional work resulting from unknowns discovered <br />during construction. Finally, Council should authorize the Administrative Cost in the amount of <br />$1,391.81 for a construction budget not to exceed $85,112.17. <br /> <br />Respectfully submitted, <br /> <br /> <br />Brian L. Erickson – Public Works Director/City Engineer <br />Construction Cost Admin Cost <br />(Percentage) <br />Admin Cost <br />(Low Bid) <br />$0 - $50,000 2.00%1,000.00$ <br />$50,001 - $100,000 1.50%391.81$ <br />Over $100,000 1.00%-$ <br />Total Admin Cost 1,391.81$ <br />Construction Cost 76,120.36$ <br />Contingency Cost (10%)7,600.00$ <br />TOTAL PROJECT COST 85,112.17$ <br />Project Cost (Based on Low Bid)