must be we'll be talking about our regular update on construction and bid results today. i have a report on the archaeology find on the construction site and a report on our partnering efforts my colleague will report the financial reports >> good afternoon director sarah those are your standard quarterly financial reports through the first two quarters of the fiscal year we're within budget of 31 percent of expenditures and revenues through the first two quarters the second reports is the status of kraktsdz and show you dbi and f b e fist we're at the $131 million no pavement to the fte contractors and the third is the earnings report as noted we had treasurers that were maturing at the end of february those are very invested in treasury and we transferred money. the next to last report is inaccepting to date the capital expenditures and revenues and the final reports shows draws on the contingence so if you have any questions, i'll be happy to answer them >> are there any questions. >> seeing none. thank you >> i'd like to ask steve to present our construction update. >> i'm sorry, i want to let, you know, there are a member of the public that wishes to address. >> morning steve with turner construction with the transbay. another good month. we are at the 9 hundred and 88 craft hours since we started the transit center work there were 23 additional hours so this you puts you us over the million hour mark. next month. another big success was the completion of the micro pile work we put in 2 thousand mike piles and we should get through the tests by that mid-april. there it is. there was one additional reportedable incident this period as well as the one we reported in early february that gentleman who had the stitches and fell from the proofrm returned to work and another gentleman get stitches is he is back at work. a big knowing change on the site is moving from working from the lowest level to put in the shoring and formwork for the concourse level slab at the central and west zones. we're continuing the bracing removal and the concrete krumz and ready for the next slab pour later this month early april as we continue that process through the sum. the big milestone we did 2 thousand mike piles this was to hold down the pressure we averaged 29 thousand pipes a week and so far we've had no failures. just the overview if the picture were bigger you could see the beginning the platform going on for the concourse pour. the overview overall picture we share with you regularly is in the west central and east zones and again, the excavation was completed the mike piles are completed and work is processing from west to east. the overall timeline which has not changed and expect that direction date of midsummer to hold. some of the other milestones on the project we've been tracking the excavation is the next big milestone is that summer the steel erection. the blow grade timeline we're working against is they're back on working on the mud slab and the map slab in the eastern ends, of course, wells costumes and that concourse slab is started as soon as the mike slabs are tested we're going to follow up with the archaeology find urge to a hear about shortly and we'll be begin back on track and continue with the mud slab so in the western zones zones we used to call zones 125e you'll see the pictures are the locations of the tunnel entrance to the train box that's why you have the walls coming out perpendicular the second list placement the side work there. those shots show those are the rebracing in the central zones as well as the deck going in for the lower concourse slab. a couple shots here of the decking operation. and, of course, in the eastern zone as i said into the sub grade the completion of the mike piles and that work will continue east the completion by map foundation slab and the concourse pours and, etc. pr the fabrication continues. we added a column to this charter i hope it's easier to read we tried to dictate even up the number. we'll be shipping to the fab cart up in portland and will be ready for erection this summer. a graphic there some of the photos are the basis case nodes and the roof level can say nodes. the x a.c.t. team went to the founderries they're standing around to get a prospective of the ground level case nodes. those are the roof level cast nodes. of course, a w sf progress we hit another milestone completed mission street and reraved and no concrete bus pads so that area is behind us continuing west to east down mission street. the next 90 days continue the work on the shoring for the lower concourse and the first pours. the cast nodes continue and get back both the foundation pours starting in early april late mark and continue west to east with the concourse work. the log tracking at the beginning of february and at the end of the march there was some small use but not much. labor still trends in the same percentage 33 percent of the workers in the east by the way, coming from san francisco. and the apprentices through february a high number 35 periods of time coming from san francisco. the overall individual workers that have touched 1 thousand seven hundred and 39 are on the payroll if you have any questions, i'll be happy to answer them >> questions. >> seeing none, art thank you very much. the directors we mentioned that last month weerng we're going to provide you with an update kelly will be providing that update as well as what sheriff's deputies steps are currently being taken to mitigate the costs and in april we'll be back with an estimate update and a market continue update for addressing the july 2013 board approved phase one budget. i'd like to ask steve and hi, colleague to present this to the board >> good morning. i'm steve. >> i'm randy. >> we're going to be presenting on the 4 package bids in the last month or so. this t g8.1 the .2 and the external awning and the concrete struck up structure will be discussed as part of the regular cleaned and the bus ramps. what we wanted to do was run through briefly with you what the 4 different glazing systems were that were compromising the 8.1 package and that's if you can fellow along at the bottom level the w-3 in yellow that's the grand hall enclosure system. the second system was the w-4 systems which are in n a greenish color at the third level of the bus deck level it surrounds what we commonly refer to as the tense racket it let's light down the roof it extends up to the light column that's the central focus point of the grand hello latin-american and nature ventilation system. next is the w-8 system the ground floor level the bottom level the two tale kind of colors are two bus waiting areas and there's in the muni business plaza and the rest of them are at the park level. their canopies little awning to help keep rainwater from the shafts. we assistant district attorney at the left there's one at the stair tower and one further to the east and going to the far east end one at the elevator there and towards the center is right next to the light column. the last component is in the middle of the park level that's a glass box. that glass box is created to allow ventilation and natural light into the grand hall where the escalators start and up to the park level. and the fourth component of the 8.1 systems are the w tens the 3 skylights the main large skylight in the center at the light column and then two smaller ones at the park level. this is some reverend we've done in the past this kind of shows at the park level on the left side of the w-4 is that enclosure of the light column the w-8 is the enclosure of the light box it encloses the light boxes and the skylight dime over the light column and the images on the right is this 2 story glass i didn't box we created to bring light and make sure that everyone understands this the the enterprise area in and out of the transit center and more or less the pedestrian area. >> so to give you background those 4 glazing systems randy described were you originally part of the design build process initiated in 2009. i'm sorry 2010 so a request for the design proposals went out and 5 birds participated in the process. two bidders dropped out and one bidder dropped out after that and joseph partner usa. the process was postponed and due to the design changes and the w-1 system from glass to melt. the w 4 system was removed from the package and opened up to other biders garden and enclose remained as the two equaled biders on the glazed system. the bids were received on january 30th of this year, the budget was $6.5 million the engineers budget was to 19.6 million and the two qualified biders and the results are enclosed at the 2 had the 6 million and joseph garden 2.8 million per the decision was a maid to reject those two bids so the next stops for the process we let all the contractors know who were qualified in doing the interest we created a matrix of the biders on how we wanted to repackage this to get generate the most interest from the biders out there >> one of the common comments from the biders was that the glazing systems were well detailed excuse me. well-defined so we insured we could meet the criteria the symmetric and wind. we have since decided the next steps in the rebidding we'll main the criteria the wind and symmetric blast but they bring their own indemnity i equipment we want to have a glass i didn't box and 3 skylights on the park roof and allow the contractors as i said to bring their own systems and economics so long as we can meet the criteria performance they can go bid the project and we can give them a budget target to hit this is part and parcel of the destine process they have the budget to design two we want to make sure they understand what we want and they, make modifications to the system. >> so as a result of the outreach we're looking for the rebidding competition with the tennis of reattorneys in may of 2014 we'll be working to create the criteria and generate as much interest as we can with the biders to get this within budget. >> the next system was the t g82. >> this is the same images the first inlsz showed the t g one initialing it was part of the package but we changed in the middle panels there was a decision made by the a collaborative team that objective to be separate so the w-1 is at the second level sits the weighty wall that runs around the perimeter of the transit center and to describe the ironic nature of the building. this is a view of it i that you've all seen it before this is looking down north america to him street it has the prim rose perforated windows we'll should the contracts that will allow them to likewise bring the same kinds of their own systems their own ideas to ways to e misses to the best cost effective way as possible. >> those were h.r. were not received on the bid date the budget as of july 13th was 24. million and the engineers estimate was 28 point plus millions we received no bids. >> subsequentially horrify subsequential to the bid we answered into the pre-qualified biders to find out why they didn't bid one bider decided at the last minute not san francisco bid because of the liability of the system but was presented in the design build specific. two of the biders didn't bid the metal structure but the glass plates by not bidding the job at all. one bider didn't bid because of the prequalification process he was upset because the original biders were bidding. they expressed concerns about the complexity of it and that was the major concern not to bid as well. so as we did that the glazing system the same outreach wore the potential biders and looking at the best way to repackage that >> again, the repackaging of the design build i talked about earlier with the design and the basic materials established we have the same kinds of performance the symmetric and wind and blast and those criteria can't be deviated it has to be built with a high-level of safety their allowed to bring their own systems and apply it to the system to make it attractive to them to bid and build. so >> so the goal is to readvertise in may of 2014 to main the schedule for the project. the third package was the t g8 bus ramps. the bus ramps i'm sure you're aware of connect the structure to sunbather 80 west of the bay bridge that's a 2 thousand foot structure this is a portion of it over howard street. the bid date was march 6, 2014 last year the budget was 48 million plus and the engineers he estimated 42.4 to 4 million we have an estimated goal and had 7 prequalified biders they were received in a percentage of 52 to 87 million. as we received those bids last week we're currently in analysis of the bid results and will give a recommendation to the board in april. thank you >> so the directors do you have any questions otherwise i'll - >> thank you. i have quite a few. first was that material part which what was put in the packet or posted >> no, it's part of my report it wasn't. >> it would be helpful to see there's a lot of detail and trying to look on a little screen it would be helpful to get that in advance and the public as well. i'm sure the substance i guess the question is how do we not foresee any of feel there's a pattern and part of it was over descriptive and part was complex but part of the professional services we're buying to construction review and market review and we have a lot of folks that are vesting presumably those pathologies and it seems like one after another we're surprised by biders dropping out or really high bids. i guess i'm curious have we not caught some of those things before we went out >> i'll start in the design process. again, we had specifics requirement we had to meet and insure with the systems we were proposing could meet the requirement so even though we had characterized those design build to make sure we met the requirements. that became a number of factors it's not one factor we're actually together with tjpa and ourselves and turner and web core we're looking at all the factors that play into why the bids have come in higher for all 4 birders we're going to mitigate that going forward with other systems. we've got a market that's exploded in the bay area in particular. we have a lot of new buildings coming online and construction activity i think one of the things that steve could speak to we've heard back from biders they're two busy when you reduce the number of bidsers on a package those that remain know they can take advantage of the situation where they have very little that competition. it is a fact of life and we're trying to make sure we're not contributing to any of the conditions that caused those to go up >> i'll add that our 95 percent cd estimate that was the basis of the budget those bids are being compared to say over two-years old and we've completed a cd i estimate it was submitted about the same time those bids were you received. we didn't reestimate the bus systems or the concrete because we were ref bid at the same time but updating the estimate so we went back and looked at the cost q and a circulating procures web core is not surprised by by the concrete bid we're in line with the cost that should be for the glazing systems we think there's opportunity for improvement there >> if we were at 95 percent two years ago why did it take two years to get the bid out obviously two years ago we would have been in a best position. >> it was reconciled between our teem and the web core team and that's the two year temp at that 95 percent large in the project the determination was made to go back and have a second look at the risk certain things in the thread and vulnerability realm caused us to go back and revisit the decisions we've made two invasive before that even. the whole process of going back and we do it carefully and thoroughly we went through the security consultant of what we have today and what they recommend and what impacts those recommendations had on the building and what this would do to the cost thought that process took two years. unbeknownst to anyone we were at the bottom of the trough with the recession cycle the rest of the country slowly has been rambling up the bay area to our detriment has been taking off a a lot of competition >> it seems like the timing when we were at the 95 percent it hurt us so the costs we talked about last year didn't even get for the two year delay to the cost of this is significantly more. it's behind us we can't douc

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