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be 100% when the project is bid and the CM assumes that in . his bid amount. Correspondingly, the Owner must establish the right type and size of contingency in its budget to accommodate future changes or additions to the drawings as they reach 100% completion. Speed of delivery is also a factor in the volume of change orders. If a project is "fast tracked", it stands to reason that there is greater potential for change orders. In essence, it becomes a case of "pay me now or pay me later" when speed is the issue. b. The comparison of the firm's estimates & low bids for the past 2 years Spillis Candela DMJM has experience in all construction delivery methods, but would suggest either the Design I Bid I Build approach or the CM @ Risk approach because we know they work and, more importantly, they are the methods which provide the Owner with the end product they originally desired. Recently, in South Florida and around the country, the CM @ Risk process has delivered many municipal projects on or under budget. At Spillis Candela DMJM, we have a track record of staying within budget as can be seen from the list of governmental projects below. Project Name Estimate Low Bid Sunny Isles Beach City Hall $16.0M $15.8M Key Biscayne City Hall $7.0M $6.8M City of Miami Oak & Mary Garage $6.0M $6.2M Collier County Parking Garage $16.9M $6.9M* Charlotte County Judicial Center $23.6M $23.6M* Blue Cross Blue Shield HQ Garage $8.2M $8.2M* . Nassau County Courthouse $17.0M $17.1M Volusia County Administration Center $12.8M $12.6M Town of Davie Municipal Complex $7.5M $7.5M* Orange County History Museum $16.7M $16.4M City of Lakeland Public Safety $8.5M $8.7M St. Johns County Administration Center $11.0M $10.9M * Project used a CM@Risk Delivery Method with a GMP c. The firm's compliance with budgets for the last 2 years The Spillis Candela DMJM Team is committed to delivering our projects on-time and on-budget. Our success in this area is evidenced by the amount of repeat business we enjoy with our clients. Our project controls and budget approach is particularly appropriate in light of the current pricing and construction industry conditions in South Florida. ALL projects, including those designed by our firm, have experienced "sticker shock" over the past 3-5 years as construction costs have spiraled out of control due to an over heated construction market, a shortage of building materials (steel, concrete, etc.) and the devastating impact of multiple hurricanes. Spillis Candela DMJM has been able to work with Owners and Contractors in developing alternate solutions to reduce construction costs when needed. Our firm enjoys outstanding relationships with construction companies and we will use our relationships to help ensure the Sunny Isles Beach Heritage Park and Garage remains within budget. Successful financial performance of projects depends upon . an early alignment of scope, quality expectations, and budget. Coordinating and reconciling these three main factors early in the development of a project increases the likelihood that the final product will match up with the original ambition. It is those decisions made in the first 20% of the design phase that define the project's ability to stay on track. Management of budget and cost is an essential and universal part of the design process not a separate activity after the fact. A commitment to cost management must take the form of a specific and coordinated process that will guarantee the preservation of the essential parts of a design vision throughout the entire course of planning, programming, design, and construction. Various financial controls will be implemented during each phase of the project with new controls being implemented as the project nears actual construction and greater resources are at risk. Financial expenditures are sequenced with each phase so limited funds are expended in comparison with the actual budget. d. The firm's compliance with schedules for the last 2 years Spillis Candela DMJM enjoys an excellent track record for schedule compliance over the past several years. Although a single project typically last for more than 2 years, our firm has been successful in maintaining project schedules for all recent municipal projects in which we have been involved. Recent projects where schedules have been met include: . Sunny Isles Beach Government Center . Key Biscayne City Hall and Police Headquarters . Nassau County Justice Center . Publix Corporate Headquarters (Lakeland, FL) . Blue Cross Blue Shield Headquarters (Jacksonville, FL) . Miami-Dade County Fire Training Facility There is always the potential for schedules to be impacted by unforeseen issues such as Owner Program Change or difficulties in the Permitting process outside the control of the AlE, but our firm strives to anticipate scheduling problems and provide the resources necessary to achieve the scheduling goals. With a locally based staff of more than 200 design professionals, Spillis Candela DMJM is exceptionally well positioned to be able to adjust to any scheduling concerns this project may face. Scheduling is an important management tool for the entire team. The Master Schedule which will be developed by Spillis Candela DMJM in conjunction with the City will coordinate all aspects of the project inclusive of program development, site master planning, AlE design, park planning & design, permitting and construction phase activities. The Design Schedule will include all critical coordination items and key dates for coordination along with submittal dates and printing schedules. Following the Design Phase, the Permitting Schedule will include key dates for each type of permit submittal, estimated review times and critical dates for completion of permits for construction. The Construction Schedule will be developed by the CM or Contractor and will indicate the completion dates for all major subcontractors and major areas of the facility along with critical path information. As the Architect and a representative of the Owner, Spillis Candela DMJM will assist the City in the monitoring of the Construction Schedule. All Project Team members will be provided with a copy of the Master Schedule upon Approval-to-Proceed. As specific items