Apolis

Deal: St. Louis Park West End, 200 unitsPage: Bids

Bids

SampleBids in

200 units, 4 over 1, West End, St. Louis Park, Minnesota, at feasibility.

Sample firms, bids and activity; no outreach has occurred.

  1. SentSep 18, done
  2. Questions dueSep 30, done
  3. Bids dueOct 9, done
  4. LeveledOct 12, done
  5. Award forecastNov 19, in progress
Low leveled bid
$44,092,922
Over budget $3.1MPrairie Contractors
Hard cost budget
$41,000,000
Contingency $488,510
Spread, low to high
$3.9M
9% across 5 bids
Bids in
5 of 6
1 declined, 0 outstanding

Which bid is lowest once leveled

Face bid plus leveling, against the hard cost budget. Select a bid for its panel.

Leveled bids against the hard cost budget, one bar per general contractor, lowest first. Budget $41.0M.
Budget $41.0M

Leveling, bidders and the package

Owner alternates, applied to every bid
Leveling matrix: each bid by line, in leveled rank order, against the budget
LineBudgetSample split
Face totalAs submitted$42,732,422$43,603,390$41,075,926$45,278,456$47,456,406$41,000,000
Leveled total$44,092,922$44,745,390$44,770,626Before exclusions priced$45,995,456$47,999,406$41,000,000
Against budgetOver budget $3.1MOver budget $3.7MOver budget $3.8MOver budget $5.0MOver budget $7.0M
ExclusionsScope left out, priced in leveling2 exclusions3 qualifications1 exclusion1 qualification4 exclusions5 qualificationsNone2 qualificationsNone2 qualifications
Leveling method

Leveling method, in order. 1. Allowances: each bid's figure for every owner allowance scope is replaced with the owner's amount, and any allowance a GC carried for a unit-price item is removed. 2. Excluded divisions: a division a GC excluded is filled with the median of the other bids' allowance-normalized lines for that division (the average of the two middle values when there are four). 3. Checklist: each line a GC marked differently from the owner's intent is added or deducted at the stated reference amount; a line with no reference is listed and the total is shown as before exclusions priced. 4. Unit prices: each bid's rates extended at the owner's quantities. Adjustments are at cost: the bid's own fee, insurance and bond rates are not applied to them. 5. Owner alternates: each one selected is added to or deducted from every bid at that bid's price; a bid that left it unpriced takes the median of the others. Ranking is by the leveled total.

Owner alternates count only when selected, and then in every bid. Other alternates a bidder offered are listed, never totaled.

Budget column: the hard cost budget split by the program build-up's division shares, a sample split that sums to the budget.