we have looked at the critical path submitted by webcor. that represents a day for day delay on the delivery of the project. if we were to wait one month to vote on the item, we would be delayed the entire project by one month. also, in the event that there might be a delay, looked at the baseline schedule to see if we could we sequence work to take this off of the critical path. we have got through exercises and found that there is no way to get the shoring wall off the critical path. at this point, any delay is an overall delay in the program. >> which means money in the project. chairman ford: the overall project length? >> seven years 255 days. >> yes, but it is still money. as you know, we are tight on monday. there is no reason to delay it. -- on money. >> while construction does not begin in june, we're looking at a two phase of notice. the first would happen immediately after your vote, should you vote to approve this contract. balfour beatty would need to be ready for construction. it would then have its mobilization. it basically

i want to thank webcor/obayashi for qualifying s, giving us the chance to bid on the project. we are excited. director ford: thank you very much. >> that concludes that. no further members of the public have indicated they wish to address you on this item. director ford: it has been moved and seconded. all in favor? >> great. item nine is approved. item 10 is approving an amendment for contract 08-04- cmgc-000 authorizing webcor/obayashi to award a trade subcontract, thereby increasing authorized direct costs by $2,115,000 and increasing the authorized construction services fee by $173,430. >> directors, guy hollands will also report on this item. >> this trade package, again 100%, this covers water and sewer along first-rate that, and again critical path work. again happy to answer any questions you may have. director ford: do i have a motion? move, seconded. all those in favor? ok, motion carries. >> item 10 is approved. moving to item 11, authorizing the executive director to execute a contract modification #12 agreement 08-08-dm-000 with evans brothers for additional const

webcor, thank you for helping us. amd, all the unions that are here. janitors, carpenters, laborers and operators are here, too. thank you to all of you. also to the mayor, he is the one that started the jobs program, here in san francisco. i want to let you know how the program works. the program is done september 30. now we have these four guys coming out of there and we have to give them a chance to go forward. they want to do something good. that is why we have these three apprentices here. more than 50% of these guys are san francisco residents. i do not know about the rest of the projects, but this one we have more than 50% from san francisco. thank you for helping us to make this project go forward. >> thank you. [applause] ok, benji, let's talk about community support. i did not know there was such a robust community of bocce players in our city. we talked to our partners, neighborhood groups, i see the folks from the barbara coast, and jerry crowley, one of the great leaders of san francisco, and they showed us the way to put the community sup

we also addewent into phase twof the webcor/obayashi contract. we were awarded $400 million to build the rail levels as part of phase one of the transit center. turner construction also started working with us in june 2010 and over 28,000 craft hours have been worked without injury to date. with respect to the bus storage, we have close coordination with caltrans on the seismic analysis and we continued coordinating with other state agencies, including the state fire marshal, fire department, and the pdpt. we continue working with high- speed rail and caltrain to finalize the design and growth structured to accommodate a growing population. we prepared design variances and will be presenting them shortly in the first quarter of 2011. program-wide activities, we have 13 properties we have acquired for voluntary sale. last year, the board approved the resolution of necessity, in order for us to acquire the remaining 12 properties for the transit center. we also completed a safety and security management plan. we have also continued a successful int

approving an amendment to contract no. 08-04-cmgc-000, authorizing webcor/obayashi joint venture to award a trade subcontract to balfour beatty infrastructure inc. as the responsible bidder submitting the lowest responsive bid in the amount of $187,251,070 for tg03 - buttress, shoring, and excavation, and thereby increasing authorized direct costs under contract no. 08-04- cmgc-000 by $187,251,070 and increasing the authorized construction services fee by $15,354,587.74. >> directors, we have brian who will present the item. we also have cheryl from legal counsel. chairman ford: thank you. >> good morning, directors. principal director, tjpa. this is the biggest contract we are putting out to date. i would like to run through the importance of what we are doing. it is the buttressed shoring excavation contract. the shoring wall will surround the area, will be 110 feet deep. the bottom of the wall will be 15 feet below the bottom of the excavation. the wall will provide a key below the water bearing sands, thus limiting the need for watering during subsequent excavation. by limiting this,

we have webcor as our general contractor, and now we have someone overseeing them. and then we have you and other city employees overseeing everyone else. nowhere on this chart is laguna honda. when we did that, we had turner. i do not remember having somebody other than city staff keeping an eye on turner. why do we need yet another layer of people watching? >> there was a three-fold balance developed. again, i am committed to having a third-party cost estimates in this schedule review. that is principally what they were brought in for. as well as adding the generator , which was not even contemplated in 2008. at laguna honda, i know their makeup and mix was a little bit different. it evolved over time. i think they went in as a design-build and then migrated into more of a cmgc model. it is kind of the same but different. where i was trying to drive the recent benchmarking is, we are continuing -- one, this is a common function in the makeup of the team. to that end, we have continued to drive toward the lower end of the ratio. with the increase, we have a ratio o

. >> now i would like to have webcor give the sbe update. >> good morning. i will go over some of the statistics that sir just mentioned. what i wanted to start off with is talking about our overall business initiative for the last eight months. our goal has been to obtain as much sbe participation as possible in these early packages. our strategy has been two fold, unbudling the packages and then going after aggressive sbe goals. a lot of these packages were going after 100%. as you will see in the upcoming weeks and months with site and logistic packages as well. we are continuing to hold pre- bid meetings and workshops. we have had a package meetings with 70 attendees to date. we are continuing extended our reach with our partners at the bayview. additional external of dense, we continue to participate with the business out rich community, -- out reach community, various events, and recently as of this october, we were part of the mega construction events. we were awarded two contracts, both 100% sbe totaling $5.6 million. we had a busy month of november.

approving an amendment to contract no. 08-04-cmgc-000, authorizing webcor/obayashi joint venture to award a trade subcontract to m. squared construction incorporated as the responsible bidder submitting the lowest responsive bid in the amount of $2,452,000 for tg04.1: natoma street from first street to fremont street & fremont street between natoma and howard streets: water and sewer systems, and thereby increasing authorized direct costs under contract no. 08-04-cmgc-000 by $2,452,000 and increasing the authorized construction services fee by $201,064. >> steve will report on this item. >> motion to approve the amendment. >> [roll call] that is four ayes. item seven is approved. director ford: next item. >> item 8. audit presentation of the tjpa financial statements for fiscal year 2010. >> sarah will report on this item. >> i am actually going to invite our auditor to come up to present to you this morning. >> good morning. my name is david, and we are your auditors. i want to recognize the manager from the engagement who conducted most of the oversight and supervision. we are here to p