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TECHNICAL ADVISORY GROUP RECOMMENDATION <br /> <br />TAGCONTRACTINGRECOMMENDATION_MFDA-HMG-TO01A8_2016-0614 <br />DISCUSSION: <br /> <br />HMG’s project insurance coverage requirement is $10,000,000. Half ($5,000,000) is at HMG’s expense and the <br />other half is a project reimbursable expense. <br /> <br />Historic HMG project reimbursable insurance costs are listed below: <br />2012 $80,000 <br />2013 $85,000 (approximate) <br />2014 $90,000 (approximate) <br />2015 $109,000 <br /> <br />Amendment 6 (14-Aug-15) included an estimated 2016 insurance budget of $115,000 plus $15,000 to fund the <br />previous year’s Subtask D (Insurance) shortfall. <br /> <br />HMG’s actual cost for the additional 2016 insurance was $130,414. The period of coverage is 18-Mar-16 through <br />18-Mar-17, see attached portion of HMG Project Management invoice #1300 for the period ending 31-mar-16. <br />This Amendment 8 increases the 2016 insurance budget $15,100 to $130,100. There is also an administrative <br />change to correct the programmatic schedule activity ID for Project Management subtasks. <br />Subtasks A, B, and C are adequately funded for the proposed POP extension to December 31, 2106 and do not <br />require an adjustment at this time. <br /> <br />TO01 Project Management Budgets by Subtask: <br />Subtask Activity <br />ID <br />Current Budget <br />($) <br />Amendment 8 <br />($) Total ($) <br />A.i Project Management SW-1160 3,364,175 0 3,364,175 <br />A.ii Public Involvement Assistance SW-1160 279,000 0 279,000 <br />B. Project Controls SW-1160 97,500 0 97,500 <br />C. On-Call Services SW-1160 50,000 0 50,000 <br />D. Insurance SW-1160 465,000 15,100 480,100 <br />TOTAL 4,255,675 15,100 4,270,775 <br /> <br />The PMC reviewed HMG’s revised cost proposals and found it to be acceptable. <br />This change amount of $15,100 is included in the FY-2016 FMDA budget. <br /> <br />ATTACHMENT(S): <br />1. Draft Task Order 1, Amendment 8 <br />2. Actual 2016 insurance cost back-up information <br /> <br />