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Bond Construction Bond Construction UpdateUpdateCitizens’ Oversight Citizens’ Oversight CommitteeCommittee
Bond Construction Bond Construction UpdateUpdateCitizens’ Oversight Citizens’ Oversight CommitteeCommittee
Long Beach Community College DistrictNovember 1, 2007
BUILDING TOMORROW TODAY
Cordoba Corporation
Agenda Completed Construction Projects Current & Upcoming Construction Projects
South Quad Complex Structure LAC Central Plant Structure LAC Learning Resources Center – Structure LAC Building R, Men’s Gymnasium Renovation PCC Central Plant PCC Learning Resources Center PCC Industrial Tech Phase 1
Q & A
Completed Construction Projects
PCC Industrial Technology Center Phase 2 – 7/07
PCC Central Plant Utilities, LAC Central Plant & SQC Utilities – 6/07
LAC/LRC Interim – 5/07 East Campus Demo – 12/06
LAC Men’s Gym Façade Replacement (FEMA & Insurance Funded) – 8/06
LAC/LRC Utilities – 6/06 PCC CDC – 4/06 Men’s Gym Boiler
Replacement – 4/06 LAC Athletic Field – 3/06 District Facilities &
Warehouse Complex – 1/06
Various Projects – Completed in 2006 & 2007Various Projects – Completed in 2006 & 2007
LAC Facility Site Plan
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Current and UpcomingConstruction Projects
Part of Infrastructure Master Plan Improvements
Awarded to Siemens on DBOM Contract
Construction 31% Complete Completion Anticipated
Summer 2008
LAC Central Plant – StructureLAC Central Plant – Structure
Current and UpcomingConstruction Projects
Construction 20% Complete
Utility Installation Complete Under Previous Phase (Bid Pkg. #1)
Completion First Quarter 2009
LAC/Learning Resources Center – StructureLAC/Learning Resources Center – Structure
Current and UpcomingConstruction Projects
Original floor and bleachers removed
New sprung wood flooring system
Lettering, graphics and game lines applied to the new floor system
New telescopic bleachers installed on both the main floor and the mezzanine level
Interior of the gym painted
Lamps replaced for new fixtures and electrical capabilities added
LAC Building R, Men’s Gymnasium RenovationLAC Building R, Men’s Gymnasium Renovation
Current and UpcomingConstruction Projects
Construction Approx. 44% Complete
Additional Modern Classrooms, Multi-purpose Rm., Offices, etc.
Shifts Campus Center South of Carson off Lew Davis
Completion Summer 2008
South Quad Complex Structure (Bid Pkg. #3)South Quad Complex Structure (Bid Pkg. #3)
PCC Facility Site Plan
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c i f
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o a
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Current and UpcomingConstruction Projects
Part of Infrastructure Master Plan Improvements
Early Utility Package Construction Complete
DBOM Contract Awarded to Siemens; Finalizing Value Engineering Negotiations
Construction Approximately 5% Complete
Completion Summer 2008
PCC Central PlantPCC Central Plant
Current and UpcomingConstruction Projects
Construction 32% Complete
Modern Facility with Computer Lab and Multimedia
Expanded Facility Bridge to Bldg. EE Art Deco Style Completion Winter
2008
PCC Learning Resources CenterPCC Learning Resources Center
Current and UpcomingConstruction Projects
Replaces Existing Antiquated Structures
Construction Begun Modern Facility Houses
Machine Tool and Welding Departments
New Campus “Bookend” Completion Winter 2008
PCC Industrial Technology Center Phase 1PCC Industrial Technology Center Phase 1
Escalation Trends – per Leland Saylor Associates
The latest update of our TBD Bid Index (for the second quarter of 2007) still shows bid prices rising, but not as steeply as during the past couple of years.
Does this mean that we have reached a peak in the recent price increases? It may be rather
premature to suggest that. History doesn’t always repeat itself, but it doesn’t hurt to consult it, so we looked back over the past 35 years at how escalation rates had changed. Unfortunately our own index only goes back to the start of 2003, so we looked elsewhere for the comparisons, specifically to the ENR’s Building Cost Index and to Saylor’s Subcontractor Index. The former is national in its context and looks at changes in a specific basket of materials and union labor rates. The latter index is California based and looks at particular subcontractor prices, so it is more a gauge of bid prices.
QUESTIONS & ANSWERS
Prepared byBond Management Team
November 1, 2007
BUILDING TOMORROW TODAY
Cordoba Corporation
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