in september 2008, mr. fungi met with our association to discuss the opportunity to unbundling the project and our chance to participate .in 2008 there were more financial management seminars; in 2009, the former president of our association sent a letter to nathaniel ford [sounds like] suggesting unbundling and making sure we get part of the action. forward to 2011, 2012, we had meet and greets with the potential bidders. and then in 2012 october the other shoe drops; we learned the package would be rebound the; we felt awash with the realization that this was not an average. we have a project that is low local participation. >> we have additional possibilities for local businesses? >> again, the public contract code requires doing at least one half of one percent; to the extent that there is work to be done that is below that threshold, there is potential for the contractor to engage firms to do that work, roughly four million or less. i am not suggesting there is a whole lot of work out there outside of what h

i noticed here mr. fungi, thank you, this includes the construction of the stations. my understanding is that the underground portion of the stations, the work that will go on about the stations whatever's going on above that, that is still sort of to be decided and awarded in the future? >> this is the balance of the work for the simple supper program; we have two small programs. the tone contract executed last year. it does include the aboveground portion at stockton in washington and fourth and folsom to build the head houses of the station and union square. to the extent there is the desire to build up above where the stations head houses are, that will happen separately, it is not part of the 1.5 billion dollar program. >> the reader care of you care to speak to the comments suggesting that the federal funders are concerned about the pace at which we are going? >> i will give a short answer and john can fill in. for a project of this magnitude, the federal government engages consultant to provide oversight. they meet with us on a regular basis and issue varying n

heinicke, mr. fungi, regarding the problems of the schedule. i recommend the article in the morning's examiner by joe eskinosi [sounds like], a full rundown of the problems. you have a 4.7 week contingency where you should have 10 -- i'm sorry, 4.7 month contingency, should have a 10 month contingency as far as scheduling on a 65 million dollar contingency. you should have 160. mr. fungi said it was dated, it was dated may 16th, reflected up until the end of april. if we were in year four of six years, it would not be a big deal but you have not started this project. you are already in deep trouble as far as the federal government is concerned. i really recommend that you bone up on this; [indiscernible] and get the agency back on track. i would like to point out also that apparently there's serious trouble at union square station, driving piles. maybe-- those are my comments. i encourage the board to get up to speed on this and stay with your agency. thank you. >> albert wong, followed by howard wong. >> i like to follow up - my name is albert

using to bail out a developer and do his work for him, you have the key ont he 16th, according to mr. fungi, so you must have paid what was coming to him. the dig at the other end is proceeding extremely slowly; the feds have noticed that and they sent you a letter this month, i'm sure you have seen it. san francisco weekly talked about it. the feds are concerned about serious deficiencies financial and in time; you are appointed by the mayor, you are loyal to him and what he wants but i think you should take your responsibilities more seriously and really look into this because you cannot mess around for ever with the feds; they will come down on you if you don't do something about this. it is sort of insanity to be working on the end of the actual project and you can't progress on the front of it, down on 4th street. it's crazy. part of what the feds pointed out is that there are piles that have to be driven -- they have another word for it -- piles is as good a description as any and they can't get them straight, they are crooked. they have only done four, they are supposed to do 46. ple

using to bail out a developer and do his work for him, you have the key ont he 16th, according to mr. fungi, so you must have paid what was coming to him. the dig at the other end is proceeding extremely slowly; the feds have noticed that and they sent you a letter this month, i'm sure you have seen it. san francisco weekly talked about it. the

using to bail out a developer and do his work for him, you have the key ont he 16th, according to mr. fungi, so you must have paid what was coming to him. the dig at the other end is proceeding extremely slowly; the

using to bail out a developer and do his work for him, you have the key ont he 16th, according to mr. fungi, so you must have paid what was coming to him. the dig at the other end is proceeding extremely slowly; the feds have noticed that and they sent you a letter this month, i'm sure you have seen it. san francisco weekly talked about it. the feds are concerned about serious deficiencies financial and in time; you are appointed by the mayor, you are loyal to him and what he wants but i think you should take your responsibilities more seriously and really look into this because you cannot mess around for ever with the feds; they will come down on you if you don't do something about this.