the notice to proceed for clark construction the cmg see will follow in september clark will complete construction nine months later in about mid 2026. and to your question that was asked i think originally that was projected for december 2020 for moving from ingleside was to surge will complete in late 2026 ingleside is in the schematic design phase it's expected to finish estes in march. i will talk about the 1 to 1 swap negotiations and in an upcoming slide but overall that delayed the project that delayed ingleside design project by about one year 100% design and permitting will finish in late 2026 at about the same time that surge and pxd complete move in at egbert clark will then pivot from egg work to start construction at ingleside in late 2026 and then they have 24 months to achieve substantial completion. so late 2028 or early 2029 and i believe that was originally forecasted for mid 2027. the move in date back to ingleside station is the first quarter of 2029 and the last i believe last commission update that was estimated at late 2027. so i just also wanted to talk a littl

. >> six firms responded to the request for qualifications to the cmg contract. >> one withdrew theirresponse the remaining five firms met the minimum qualifications for the requests for proposals. three firms submitted bid which are clark construction trubek and turner. >> this slide shows the evaluation scores of the three firms clark received the highest score. i also would like to mention that the contracting monitoring division established 20% l.b. subcontract requirements for both preconstruction and construction phases for this contract we request your approval to award the cmg contract to clark construction for a contract amount not to exceed 269 million. >> authorize proceeding only with pre-construction services in not to exceed amount of 5.1 million and we plan to issue a.p. in march of 2025 in a couple of months and forecast to start construction is in october 2020 646 in half year the schedule will be refined as we progress with the environmental review process, staff will return to the commission for approval to authorize the c mgc to proceed with construction services a

it's interesting that this is happening at cmg at a time we thought that their margins were going to decline. we were certainly seeing the economies of scale loosening, all the elements of their dtc business paying off. everything we heard here says it sounds like there's going to be some pressure on margins, and we don't even know what's happening to avocados, so i don't like it either. but what's interesting about cmg is and i you know, i've been quoting this five and ten year pe because it is relative to something and they're cheap relative to themselves, which means they're growing into being a massive company now. doesn't make them cheap though right? >> and do not miss us. exclusive. first on interview with chipotle ceo scott boatwright. catch the full interview. top the money, top of the hour on mad money. there's a lot more fast money to come. here's what's coming up next. >> merck in reverse shares hitting two plus year lows as the pharma company pauses shipments of a key vaccine into china. what it means for revenue and the next move in the stock plus streaming center stage

. >> cmg architecture was brought to the project once they award the agreement between the city of san the united states navy. cmg has earned national recognition and numerous awards for merits and design, social impact and environmental stewardship. >> we were a part of the project in the beginning when the developer initially was awarded the exclusive negotiation agreement or the ena with the city and they partnered with the planning and architecture group and we joined that team to work with the developer around the city and community to come up with a plan for treasure island. >> so there's quite a lot of open space in the master plan and there's a couple of reasons for that that's pragmatic. one is that the amount of area that could be converted for private use on treasure island was very limited, actually it wasn't allowed at all because treasure island was previously public open waters and protected by the tidal and trust act to be redevelop for public use. but there was a land swap that was allowed and approved by the governor of california, governor schwarzenegger to be put on

. >> cmg architecture was brought to the project once they award the agreement between the city of sand the united states navy. cmg has earned national recognition and numerous awards for merits and design, social impact and environmental stewardship. >> we were a part of the project in the beginning when the developer initially was awarded the exclusive negotiation agreement or the ena with the city and they partnered with the planning and architecture group and we joined that team to work with the developer around the city and community to come up with a plan for treasure island. >> so there's quite a lot of open space in the master plan and there's a couple of reasons for that that's pragmatic. one is that the amount of area that could be converted for private use on treasure island was very limited, actually it wasn't allowed at all because treasure island was previously public open waters and protected by the tidal and trust act to be redevelop for public use. but there was a land swap that was allowed and approved by the governor of california, governor schwarzenegger to be put o

. >> cmg architecture w brought to the pject once they award the agreement between the city of san franciscotates navy. cmg has earned national recognition and numerous awards for merits and design, social impact and environmental stewardship. >> we were a part of the project in the beginning when the developer initially awarded the exclusive negotiation agreement or the ena with thetyt planning and architecture group and we joined that team to work with the developer around the with a plan for treasure island. >> so there's quite a lot of open space in the master plan and there's a couple of reasons for that that's pragmatic. one is that the amount of area that could be converted for private use on treasure island was very limited, actually it wasn't allowed at all because treasure island was previously public open waters and protected by the tidal and trust act to be redevelop for public use. but there was a land swap that was allowed and approved by the governor of california, governor schwarzenegger to be put on a public trust for a one to one swap to be taken out of the trust to be deve

. >> cmg architecture was brought to the project once they award the agreement between the city of sand national recognition and numerous awards for merits and design, social impact and environmental stewardship. >> we were a part of the project in the beginning when the developer initially was awarded the exclusive negotiation agreement or the ena with the city and they partnered with the planning and architecture group and we joined that team to work with the developer around the city and community to come up with a plan for treasure island. >> so there's quite a lot of open space in the master plan and there's a couple of reasons for that that's pragmatic. one is that the amount of area that could be converted for private use on treasure island was very limited, actually it wasn't allowed at all because treasure island was previously public open waters and protected by the tidal and trust act to be redevelop for public use. but there was a land swap that was allowed and approved by the governor of california, governor schwarzenegger to be put on a public trust for a one to one swap

i want to thank scott boatwright, chipotle ceo, cmg. hey, scott, thank you. and thank you for explaining that avocado issue. i think that really was a very big issue for many people. and now it's not so great that you told us. >> thank you jim. >> excellent to be back after. >> the break. >> coming up rfk jr. is moving closer to becoming the next head of health and human services. kramer sits down with pfizer's ceo to find out what it means for the stock next. >> we teach you the right way to develop your own investment strategy. >> the more. >> disciplined and not making. irrational decisions. >> we. >> stick to the strategy. and continue. >> to invest. >> and stay long term. >> go to cnbc.com/join jim, scan the code. shop the tank tonight 9:00 eastern on cnbc. >> welcome to cnbc's crypto world. >> cnbc's daily digital show has trading updates the latest headlines, a global perspective and high profile interviews. scan to watch cnbc's crypto world, sponsored by crypto.com. >> at capital group, we. >> see. >> active etfs differently. >> we collaborate. >> des

. >> cmg architecture was brought to the project once they award the agreement between the city of sannd the united states navy. cmg has earned national recognition and numerous awards for merits and design, social impact and environmental stewardship. >> we were a part of the project in the beginning when the developer initially was awarded the exclusive negotiation agreement or the ena with the city and they partnered with the planning and architecture group and we joined that team to work with the developer around the city and community to come up with a plan for treasure island. >> so there's quite a lot of open space in the master plan and there's a couple of reasons for that that's pragmatic. one is that the amount of area that could be converted for private use on treasure island was very limited, actually it wasn't allowed at all because treasure island was previously public open waters and protected by the tidal and trust act to be redevelop for public use. but there was a land swap that was allowed and approved by the governor of california, governor schwarzenegger to be put

cmg sister. >> avocados. avocados. avocados chile, veal.u know, if these tariffs get back in place and that will bite into margins. >> yeah i agree i think the commentary around margins is probably the thing that i'm most interested in because the valuation for me of a restaurant, no matter what, how quality it is, it's just prohibitive. but all of the commentary around costs and not just that, but labor costs too, i think is really kind of an important place to pay attention. okay. >> up next, final trades. >> next destroyers. the fed's going to have our backs if things get weak. i see inflation coming down. housing costs are coming down. supermarkets getting slightly better. oil is pulling back, auto prices going lower. and that's the data i like the data. >> mad money next cnbc. >> in a world of uncertainty and disruption, how will your investments stay resilient? we've been navigating change for 125 years, always looking forward, anticipating risks and trusted to manage over $1 trillion in assets worldwide. solving for the needs of inve

is are we you know the the consultant that did the landscape architecture consultancy what with img, cmg they had developed a management plan. i'm wondering is parks and rec going to be adopting that management plan or are they coming up with their own kind of management plan? i see that in february 2005 we're going to get a revised work plan. so i'm just curious like where is or are we going to see a management plan or is that just being adopted by parks and rec? >> i don't want to speak for ultimately what parks and rec would generate sort of on paper but i think the understanding is the owner manual, the master owner manual in the parks specific chapters will still be developed and will be implemented into rec and parks thinking on the management as a guide but are they then also going to have their own management guide for the spaces? i assume they would but i think our intention is they would be they would be following the directions of the manual and putting together their processes in their tactics is kind of i guess the best way i could see when will we see something like that? >

. >> cmg architecture was brought to the project once they award the agreement between the city of sanstates navy. cmg has earned national recognition and numerous awards for merits and design, social impact and environmental stewardship. >> we were a part of the project in the beginning when the developer initially was awarded the exclusive negotiation agreement or the ena with the city and they partnered with the planning and architecture group and we joined that team to work with the developer around the city and community to come up with a plan for treasure island. >> so there's quite a lot of open space in the master plan and there's a couple of reasons for that that's pragmatic. one is that the amount of area that could be converted for private use on treasure island was very limited, actually it wasn't allowed at all because treasure island was previously public open waters and protected by the tidal and trust act to be redevelop for public use. but there was a land swap that was allowed and approved by the governor of california, governor schwarzenegger to be put on a public tr

. >> cmg architecture was brought to the project once they award the agreement between the city of sannd the united states navy. cmg has earned national recognition and numerous awards for merits and design, social impact and environmental stewardship. >> we were a part of the project in the beginning when the developer initially was awarded the exclusive negotiation agreement or the ena with the city and they partnered with the planning and architecture group and we joined that team to work with the developer around the city and community to come up with a plan for treasure island. >> so there's quite a lot of open space in the master plan and there's a couple of reasons for that that's pragmatic. one is that the amount of area that could be converted for private use on treasure island was very limited, actually it wasn't allowed at all because treasure island was previously public open waters and protected by the tidal and trust act to be redevelop for public use. but there was a land swap that was allowed and approved by the governor of california, governor schwarzenegger to be put

. >> cmg architecture was brought to the project once they award the agreement between the city of sannd the united states navy. cmg has earned national recognition and numerous awards for merits and design, social impact and environmental stewardship. >> we were a part of the project in the beginning when the developer initially was awarded the exclusive negotiation agreement or the ena with the city and they partnered with the planning and architecture group and we joined that team to work with the developer around the city and community to come up with a plan for treasure island. >> so there's quite a lot of open space in the master plan and there's a couple of reasons for that that's pragmatic. one is that the amount of area that could be converted for private use on treasure island was very limited, actually it wasn't allowed at all because treasure island was previously public open waters and protected by the tidal and trust act to be redevelop for public use. but there was a land swap that was allowed and approved by the governor of california, governor schwarzenegger to be put

. >> cmg architecture was brought to the project once they award the agreement between the city of sanarned national recognition and numerous awards for merits and design, social impact and environmental stewardship. >> we were a part of the project in the beginning when the developer initially was awarded the exclusive negotiation agreement or the ena with the city and they partnered with the planning and architecture group and we joined that team to work with the developer around the city and community to come up with a plan for treasure island. >> so there's quite a lot of open space in the master plan and there's a couple of reasons for that that's pragmatic. one is that the amount of area that could be converted for private use on treasure island was very limited, actually it wasn't allowed at all because treasure island was previously public open waters and protected by the tidal and trust act to be redevelop for public use. but there was a land swap that was allowed and approved by the governor of california, governor schwarzenegger to be put on a public trust for a one to one s

would have heard as a construction manager and general contractor contracts sometimes they're called cmg sees design build contracts and the truth is the agency as a whole is moving towards that delivery model and so there will be opportunities to apply the same contracting requirement on additional projects going forward. >> and then i would like to transition over from data to kind of a human story and this is a story about deja wilson who is a san francisco native native of the bayview and when she was ready to start a career she had godparent that were in the trades and they introduced her to the idea of working in construction and it was through her godparents and the trades in that work with the unions that she was introduced to programs and products and opportunities that the puc runs to reduce barriers for local workers to get on puc projects to try to help them land on and find work on policy projects. and it was through that work that she was able to land on a piece see project appeal covered project and over time she actually became an employee of the san francisco public util