Henderson-Vance Industrial Park Phase III Construction Project. The County s engineer (Tim Carpenter with LKC Engineering) will be on hand to provide
an overview of the bidding process and value engineering exercise which has been completed in order to bring the project within the existing grant budget. A total of six bidders submitted bids with the low bidder (ELJ, Inc.) providing a bid that was approximately 700,000 over budget. The county s engineer and staff have finalized a value engineering exercise to reduce the project scope and associated costs within budget. The main impact is that the new roadway will not be paved throughout the entire project area. The project is funded with NC Rural Ready Grant funds and the NC Department of Commerce has agreed to the reduced project scope. In order to proceed, the board will need to approve a memorandum of negotiation between the county and the contractor outlining the negotiated and reduced project scope and will also need to award the contract to the low bidder. Staff has also provided a budget transfer for your review that allocates grant funds into the appropriate line items in the county s budget. Recommendation: Approve the memorandum of negotiation and award the Henderson-Vance Industrial Park Phase III construction contract to ELJ, Inc. totaling 2,149,457 subject to final attorney review of contract documents.