To recogni tzoe recognize ou rour c oclollecltect today today. Roll roll call pcleaalsle please. Director metcalf is expected but may be director metcalf is expected but may be running a bitrunning a bit la. Madam madam ch achairr y oyou ddo haveo have a quorum a quorum. Thank tyou andhank you and wewe di did tatkaeke a brief a brief hyatis so hyatis so welcome welcome bac bkack. Is is thherere nnew oorr oolldd business business . Seeing none well move onto . Seeing none well move onto the executive directors report. The executive directors report. Good morning everyone. We have quite an agenda to the it has been about is good morning everyone. We have quite an agenda to the it aaboutout juusst bbeegginin with with sosmeowmhaetwhat highlights highlights we have we have reached reached over over a million craft a million craft hou rhourss hours hours pulling pulling those those hours hours out of out of our online our online ppaayy roll roll systsemy wsetem we did did hhaveave a a as i mentioned before we continue to mitigate any lost time were pretty much getting back to schedule there. Just the standard overview shot there just to remind you how we divide the projects up with the central and western zone and the eastern zone where the excavation was completed earlier this year and we just pored the final mud slab and the overall timeline continues to the october 17th substantial completion date and you will notice a move on the structural steel were hoping to pull that back but just with all the coordination and the actual materials and fit up and everything that goes with the start of that erection between the structural steel pieces and ill explain some of that here shortly they have lost a few weeks there but overall we dont anticipate an impact to the schedule as soon as we get the steel out here and start the erection process Webcor Obayashi is going to work on changes there so otherwise the basic milestones remain the same with the 2017 date being for substantial completion of operations. Grade is a big area of work right now continues to be with shim shim construction and we started back up early april in area 11 and area 12 well pore at the end of this month and the far east of the project this is the 5foot thick foundation slab and well be done with those shortly the lower the lower con course walls. Just an update on overall progress weve since the excavation was done we changed our graphics up a little bit we no longer have the big layout map its a simpler presentation of whats going on obviously once the mat slab is completed we have the columns and first and second wall lifts and you can see that were over 90 Percent Complete complete in the central area with both the columns first lift and almost the second lift concrete the walls you have to get the first 2 wall lifts up and well continue to use that just some of the progress thats been made and as i said before some of the photos include mar and april photos so the bracing is continuing thats the bracing being used in that area and the diagonal corner areas they then use a 45degree brace and that the wall pores continue in that area and you can see the column pore activity in the far west end what we used to call zones one and two again wall pores and rebracing continues. In the central areas where the bulk of lower con course slab is theres continued operations of the man lift and material lift there and the decking is going in. Some more shots of the decking the rebar started last week and as i said before theres a pore anticipated at the end of the month or early june and rebracing also continues a little further east of the lower con course decking work and in the far eastern zone there was a slab pore pore number 11 and pore number 12 will be at the end of this month and this is the reinforcing steel for pore number 12 one of the highlights of that area its the foundation for the main light column in the middle of the project there and those are the anchor bolts you might recall the slab there is 5 feet thick you can see the anchor bolts are 6 to 7 feet long. The geothermal work finished up and the subgrade preparation before the mud slab and the mud slab going in and the waterproofing continuing on the eastern zone so on the cast nodes were working through the first full release the first 3 columns the very first column denoteses the total number of cast notes being fabric ated and in process and cast machining columns but theres a total of 56 and a total of fifty have been shipped to the steel fabric ate ors and ill show you a slide of that in just a moment were doing very well with the cast node production no Quality Control issues and the work is getting delivered to the steel fabric ators thats what it looks like. And the finished face that attaches the structural steel and the level of machining that goes on. The cast nodes being delivered to the factory and Structural Steel Plant in or egon and actually on its side test the connections layout the connections between the cast nodes and the structural steel basket column pipes to make sure each section fits correctly take it apart bring it down here and start erection so this is a diagram of the setup being put in place right now and well probably witness some of those layouts late may middle of june time frame. Those are just dummy columns. Those are the actual columns these are your basket columns surrounding the entire structure laid on their side so the top piece the park level and the middle structural steel member that connects the various pipe columns is your buff deck level and the high end where the folks are is shown on the, man lifts scissor lifts starts at the ground level and well go up to see those and bring up life photos instead of the diagram but they are creating this on the Colombia River across the river so were just about out of this finally the first and Second Street obviously done and beall street done and fremont street done this month and the final connect or piece to be done in july. And zone 4 mud slab completed this week as i said and the waterproofing protection slab will be going down and jumping ahead to june Foundation Walls and will be into the lower con course either late may or june 10th they are trying to improve that and well actually be prepping for the structural steel arrival and placing slab 14 as we move through the summer the contingency tracking and i know theres discussion on this later but those have been on various changes and im happy to answer questions on that. As far as our labor breakdown continuing along the same path 33 or 63 percent overall and 63 in the east bay the San Francisco numbers continue to be right around 18 percent which is great and again thats over a million craft hours those are the apprentice hours through the life of the project through the end of april and the trades are up a little bit 18 hundred individuals logged into the certified payroll system so i say 1800 different individuals that have actually touched the project and trades they belong to happy to answer any questions . Director reiskin. How is it not impacting the schedule. Were making plans to make that up in the erection process a year and a half long so. They will start late and take less time . Right weekends the welding is the big question a lot of welding in the project and if we can put more crews on it. Like any brand new activity theres always a learning curve so we anticipate that the im sure steve from Webcor Obayashi can speak to this more if you like but we anticipate that curve to peak early and consistently improve from the first time we pored the foundation slab theres been significant improvement in the overall durations so were anticipating that to occur as well but primarily taking advantage of the days we didnt count which are the weekends to try to catch up if need be. Thank you. Any other questions . Seeing none. Thank you steve and now we have dennis presenting our project Labor Agreement quarterly report. Thank you maria happy to report on the project labor report starting with the trade package update and progress to date for students veterans and adults and the reporting trends as i wrap up the report starting off with the administration and labor we had number 9 of our joint administrative committees held on february 20th the agenda is construction progress and Apprentice Programs and veterans and we also talked about how theres no work stoppages and is no labor incidents and all Skilled Labor all the needs are being met and there was 4 Safety Incidents within the First Quarter but my reporting is from january 1st to march 31st so the numbers are a little different but for the First Quarter 2 of those were a lost time fortunately both of those guys were back to work quickly but they were off for a little bit but they are both fine. To go through the trade packages that are currently out there right now we have two firms that were qualified and were going through the interview process at this stage of the negotiations. We anticipated next month depending on negotiations same as temporary facilities we are in the interview stage you know just past the negotiations i mean i take that back were into the negotiations with one contractor right now. When that is complete that will come to the board anticipated june but could be july depending on negotiation timelines. Metal stairs that one the bids were received we talked about at the last bid that was rejected now incorporated into one of the current contracts and i do want to move onto the key ones that weve been focusing a lot now the mechanical electrical piping and Fire Suppression the first one being 10. 2 plumbing bids due for right now next month and 10. 3 the mechanical due next month and electrical due next month and also fire sprinkler and suppression due next month and value engineering and various components that come up its anticipated but you know, if needed those may push a month depending to give the contractors enough time to absorb if theres any kind of changes that are incorporated as addendum so depending on how those bids come in thats anticipated to come to the board next month as well and the last one bus ramps bids received march 6th and thats on the agenda for today for an award recognition so ill go through that further on agenda item number 7. This is High School Students were back into it its almost summer time weve been looking for interns through the various different groups remember last year where we brought in all the kids thats a fun time its great to expose students to what we do and its fantastic and in addition to that the mtc program is included and of course turner and Webcor Obayashi are doing it as well so the entire project is looking for interns this summer. Veterans ted who you have seen in the past presented an ever ready bunny as an advocate for veterans he was in north san diego promoting careers and construction but also the program itself has been throughout united for veterans has been most successful right now in hiring veterans and continue Webcor Obayashi works with the Building Trades and another thing that ted has reported hes actually outreaching out to 29 palms and the bases himself so ted is available anytime after the Board Meetings if we wanted to meet and talk further about all the efforts he puts into the veterans more than happy to and works with all the subtrade packages to bring veterans onto the project in the growth sector as well. Progress to date with the adults tim donovan in our jaec meeting reported a very robust Apprenticeship Program and they are really starting to bring on a lot the Electrical Trades are very pleased with their Apprentice Program at this point and tim donovan reporting. Moving onto the apprenticeship trims this is through the First Quarter end of march 31st st the First Quarter, with 143 apprentice trade hours and we are hitting our goal apprentice hours we have a goal of 16 and twothirds percent for non labor and operators and right now were at about 18 percent with apprentice labor and non operators so thats fantastic exceeding that goal and on the labor ors themselves were very close to the apprentice goals its dropped a little bit in the last quarter off by one really if you look closely thats very close then the operators thats a very good story at this point i believe that would be shimmick mostly they are on board right now and exceeding their apprentice goals with their operators so a lot of good to report for the pla apprentices and so forth so if theres any questions that completes my First Quarter 2014 report. Thank you harper. We realize that our structural bid was so big that we had to break it up and that sort of thing and some of these bid packages look pretty big to me the electrical and things are we trying to anticipate that so we dont go through the cycle of putting out too big of a bid package then having to pull it back and break it up up . Because that loses so much time when we did that. Absolutely, its a large trade package and Webcor Obayashi steve is going to address all the efforts going into it and the outreach to ensure that we have multiple bidders and looking at various items for Small Business and how that plays into it to ensure that the key is that we get multiple bidders and thats what web core has been focusing on with their outreach thats exactly what they are doing the other trade packages are a little smaller but the electrical is the key one and i referenced if theres any kind of addendum that will acknowledge and thats maybe one of the packages we want to make sure we give them enough time to have a full absorption so that just adds to our plan sort of speak with addressing those kinds of concerns. I noticed with one of the bid packages coming in we got down to two qualified is that competitive where do you draw the line as to yeah thats a good competitive cycle . You know the studies show very clearly that the more bidders you have the better prices you will have and over the last couple of months theres been significant effort in outreach to make sure the prequalified bidders do bid on these projects and that did happen where we had a bunch drop through in the process and weve addressed those various reasons and now Going Forward to addressing the bid manual every stone has at this point the team has been working very hard in the last couple of months to address those areas. And you will be hearing from Steve Humphreys about what they are actually doing to retain the bidder pool and extensive outreach at the next item. Directors at the last Board Meeting i mentioned that well be bringing you our updates on the cost estimates and im here to give you that update is mark sevani. As maria mentioned the last meeting presented to you open bids and a 30 to 35 percent increase above estimate mainly as a result of the Market Conditions in San Francisco and transbay and also the Silicon Valley and this mitigation plan utilizes contingencies and reserves the agenda is a recap of the july 2013 board approved budget well give you an update on the Construction Cost estimate completed recently by Webcor Obayashi in february and the estimators and we also presented to you a litigation plan to allow us to stay in budget and a status in reserves and also provide you with findings and recommendations that were conducted by lelar associates and the outreach and schedule. The board approved a revised budget the approved budget updated the may 2010 budget taking into account Market Conditions and the cost increase of the structural steel package and the budget included recommended contingencies and reserves. This shows a breakdown of the Construction Costs within the board approved budget. The total cost excludeing the first Construction Cost including the reserves and the budget also includes program reserves and other costs including soft costs and program wide costs. The board approved budget was based on the First Quarter 2013 Market Conditions and also the 95 percent construction and the the 3. 5 escalation rate and contingencies and reserves based on model assessment and this is 8. 2 million in contingencies that construction documents and also include a 62. 5 million in construction contingencies and for escalation and program reserves. The board has awarded this includes the Transit Center and the old terminal and temporary terminal. This includes 309 309 Million Dollars 309 million and 38. 69 million for the bus ramp. We received updated estimates on february 2014 and again this was reconciled with the the budget contingency for the Transit Center and bus ramp 4 million for the Transit Center and the estimate includes 9. 1 million for the Transit Center and includes an escalation and both escalations and the