. >> 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 we'll be bringing you our updates on the cost estimates and i'm 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 we'll 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 i

. >> we're taking all of them we're really looking at all of them, director metcalf and steve humphreys is going into what webcor/obayashi is doing now that they have these findings and recommendations. >> okay. >> good morning directors. so as we mentioned earlier i think one of the keys that we attract bidders to the project and they show up on bid day we've had pretty good success on getting bidders prequalified so we've had many of them dropout so we've taken the information that was gleaned from the survey and made a number of adjustments that we think are going to help to attract bidders to the project we're doing a lot more personal outreach to the bidders and continuous communication with them during the bid process so we know if they have any issues that are going to cause them to perhaps not bid the project so we can address those during the bid process before they just don't show up on bid day. we're also developing fairly detailed scoping documents that we're presenting to the bidders during the preconstruction or prebid meeting so that they can clearly understand what it is