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