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18 Delete Testing Allowance(By Owner) $ - 19 Delete Pedimats at Airlocks 101 and 197 $ - 20 Aluminum Diffusers at OR Ceilings in lieu of SST S (9,366.00) 21 Delete Endoscopy Work $ ' 22 Delete Sitework at W.Parking lot(pervious concrete, covered parking,landscape) 3 (90,500.00) 23 Delete relocation allowance of Overhead Utility Service $ (20,000.00) 24 Re-Engineer HVAC System(standa�d system) $ - 25 Gravity Siack Retaining Watl system for Retaining Walls $ (20,000.00) Total Value EngineeNng $ (581,605.00) Subcontractor Savings ,$ [27,745.00j Total Savings to Date $ (609,350.00) Proposal wlthout Value Engineering $�,119,690.00 Revised Proposal with Value Engineering S 4,510,340.00 Upon�eceipt of the building permit and notice of commencement,we shatl deliver the projecl to substantial completion stage in 365 days. In submitting this bid,the undersigned agrees to the following: 1 To honor the Bid for a perEod of Thirty(30)days. 2_ To enter inta and execute a contract,if awarded, on the basis of this bid, and to furnish all insurance requireme�ts in accord with the General Conditions of the Construction Contraot and the General Conditions. 3. It is the intent of the Owne�to apply for a Building Permit during the Bid process. The Cont�actor shall immediatety follow through on the Permit Application to assufe commencement of the work at the earliest possible date. Time is of the essence in completing the Project;the Contractor shall take all steps reasonable to expeditiously secure the Building Permit,and complete the work as defined by the CoMract DocumerNs. The undersigned also acknowledges the receipt of the following Addenda: Adde�dum#1 (revised)dated February 9,2011 BID SECURITY. None required CONSTRUCTION iNDUSTRIES LICENSING BOARD CERTIFICATION: Chuck Adair General Contractor CGC#058394 Name of Individual Type of License License Number �UAI.lFICATION3/CLARIFICATIONS: 1 Price Escalatian Ckause: In the event of significant detay or price i�crease oi material,equipment, or energy occurring during the performance of this contract through no fautt of the conVactor,the contract sum,time of completion and contract requirements shaH be equitably adjusted by change order in accordance with the procedures of the Contract Documents. A change in price of an item of material, equipment or energy will be considered significant when the pnce of an item increases more than 5 percent between the date of this coMfact and the date of installation. 2. Impact fees are not included. 3 Builder's Risk insurance is by Owner 4. Payment and performance bonds are included_ If not required deduct: .<$34,000.00> 5. Temporary Water and Power are Sy Owner. 6 Waxing floors is by Owner ?. Signage is by Owner. 8. Windflw blinds are by Owner 2of3