Agenda - Council - 10/14/2025 - Laserfiche WebLink

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www.ae2s.com pit elevation. This proposal includes all necessary labor and materials to implement these improvements for cleaner and more efficient long-term operation. Summary of General Construction Contiineencv Costs: As part of the Contractor's bid, the Owner required a $950,000 General Construction Allowance. This allowance was intended to limit Contract changes due to change orders by applying general construction changes to a set contingency. The allowance represents approximately 3% of the overall construction bid price. For projects of this magnitude, industry standards typically see an increase in the bid price of 3% to 5% due to change orders, so it is expected that most of this allowance will be used by the conclusion of construction. Any unused funds from the allowance will be deducted from the project's Final Payment. AE2S has summarized all known construction contingency expenses below, to help the City of Ramsey better understand the current contingency status. With the approval of Construction Contingency Expense No. 11, the approved expenses will total $684,805.20 of the existing $950,000.00 General Construction Allowance. As construction progresses, AE2S will continue to provide cost updates and coordination with City staff. eral Construction Contingency Amount Allowance • ' aunt: ', 950,000.00 Expense No. 1 Expense No. 2 Expense No. 3 Expense No. 4 Expense No. 5 Expense No. 6 Expense No. 7 Expense No. 8 Expense No. 9 Expense No. 10 Expense No. 11 Net Expenses to Date: Available Construction Contingency = Percent Completed $76,446.91 $135,654.02 $99,095.63 $102,023.36 $39,361.69 $17,125.02 $31,938.68 $31,463.77 $13,851.80 $61,773.53 $76,070.79 $684,805.20 $265,194.80 72% Advanced Engineering and Environmental Services, Inc. 6901 East Fish Lake Road, Suite 184 • Water Tower Place Business Center • Maple Grove, MN 55369 • 763-463-5036