NYC 9/11 Public Portal Document
estimate forms (attached hereto as Exhibit__ ). The cost estimate forms shall be completed by
the bidders approved by DRES and Landlord and shall indicate in reasonable detail the proposed
cost of Tenant’s Initial Work after Landlord, (i) shall have obtained three (3) competitive bids,
proof of which will be supplied to DRES, by three (3) subcontractors of each trade pre-approved
by DRES, of which Landlord or an affiliated entity may be one; and (ii) shall have selected the
lowest, responsible bidder, except that Landlord shall designate sprinkler and fire alarm
subcontractors.
DRES shall, within five business (5) days of its receipt of Landlord’s notice of the
Work Cost, approve or disapprove the Work Cost. If DRES disapproves, it will meet with
Landlord within five (5) days to determine an agreed upon cost. As part of the process DRES
will meet with the lowest bidder to resolve any discrepancies in unit prices and quantities. In the
event Landlord and ©GAS DRES are unable to resolve their differences and agree upon the
Tenant’s Initial Work cost items. Landlord shall solicit bids from at least three (3) new
subcontractors designated by DCAS DRES in which case the procedures and time frames with
respect to the bids shall apply to such additional bids and bidders. Within five (5) business days
from approval of the Tenant’s Work Cost and prior to commencing construction. Landlord will
submit a copy of the work permit (or alternative document issued by the Port Authority) to
DRES. All subcontractors shall be approved by Landlord, have a good reputation, be acceptable
for the performance of such work in other first class office buildings in Manhattan to meet
Landlord’s reasonable requirements for the Building.
The Work Cost shall be subject to audit by the Department of Citywide Administrative
Services and/or its authorized representative. Such costs may, in the discretion of the
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