Folder_0047

NYC 9/11 Public Portal Document

ç 0V-10-2000 FRI 06:31 PM P. 02

1n reviewing and comparing the low n August 16, 1999 and September 28,2000 for contracts 54513 and 545C it would be an error to rely solely upon a comparison of the total amount bid, and conclude that the prices had increased 21 and 15 percent, respectively.

In both instances the D.E.Y. added quantities of work which would approximately increased the bids 10% alone. Adding to that a modest escalation factor of 4% per amntrn over the 13.5 month time span between bids and the actual differences are 4.6 and 2.6 percent, respectively.

Example)? 1 Conti-act 545C

1) Original Did 8/16/99 _ $21,057,750.00 _2) Value of work added to project by D.E.P C ' ,77,5 0 3) Escalation of 4% per Annum over 13,5 Months _$ , 00 $23,780,849.00 Rebid 9/2 8/00 was $24,425,915.00,

Actual difference =$645,066.00 or2.6%

Example)? 2 Contract 54513

1) Original bid 8/16/99 2) Value of Worked added to project by D.E.P. 4,900 8 3) Escalation of 4% per annum over 13.5 Months =$2,___, 73.00 • $52,344,533.00 Rebid 9/28/00 was $54,872,080.00 cS Actua] di " rence =$2,527,547,00

NYC-WTC 000137738