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From the Ckound Up CONSTRUCTION CO.. INC. CABARRUS COUNTY BOARD OF ELECTIONS 369 Church Street Renovations BASE BID CONSIDERATIONS Design Contingency ❖ No design contingency has been included in the Board of Elections project proposal. Escalation ❖ No cost escalation has been included for direct work in the Board of Elections project proposal. SBE /MWBE Participation ❖ CM Black Construction is committed to working toward the County's goal of SBE & MWBE participation. CM Black Construction listed the prequalification request ads with the following media: AGC, McGraw -Dodge -Hill, REED Bulletin, the Minority Contractors Association of Charlotte, The Charlotte Observer, The Charlotte Post (Minority Newspaper), The Independent Tribune and through personal contact from CM Black. Bid Documents were made available through the AGC, McGraw -Dodge -Hill, REED Bulletin, Minority Contractors Association of Charlotte, CM Black's FTP Site, CM Black's Offices, the office of the Architect and available for purchase from Duncan - Parnell during the competitive bidding phase of this project to contact, educate and encourage the local and state subcontractor market to help obtain the initial SBE /MWBE /Local participation percentage. On bid day, CM Black Construction received a 47.73% SBE /MWBE participation overall of the County's Minority Goal, and 30.55% of those participating were actually low bidders. After the bidding and contract awarding phases have been completed, no other participation reporting will be performed by CM Black. Proposed Subcontractors ❖ Please review the attached list of Subcontractors proposed for Cabarrus County Board of Elections project. The local participation percentage committed to -date by the anticipated awarded Subcontractors for the Cabarrus County Board of Elections project is 30.00% of the total subcontractors proposed to use. General Conditions 4 4- The General Conditions for the Cabarrus County Board of Elections project have been included at a lump sum, non- auditable cost of $70,904 and follow the Contract matrix breakdown. The GMP amount of the General Conditions and fee is 15.08% which is less than that Of the overall allowable contract cap of 15.25%. This General Conditions cost is assuming a construction start date occurring on or before March 4, 2011. Payment & Performance Bonds ❖ A Payment & Performance Bond has been included at a cost of $10,590.00. If the bond premium rates change prior to the Owner authorization, CM Black reserves the right to make the necessary cost adjustments. 797 DAVIDSON DRIVE CONCORD, NC 28025 PHONE: 704- 788 -4438 FAX: 704- 782 -1192 Attachment number 3 G -3 Page 165