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Transportation

Third Street Light Rail
Location:
San Francisco, CA
Owner:
San Francisco Municipal Transportation Agency (MUNI)
Service:
Surety Consulting
Contract Amount:
$29.8 Million

Performed cost to complete analysis and issued a request for proposal to assist a major surety in the replacement of the bonded general contractor for the $29 million Third Street Light Rail for the San Francisco Municipal Transportation Agency. Assisted the surety in the solicitation, evaluation, and selection of the replacement contractor; negotiation of the contractors completion agreement; and ratification of all listed subcontractors. Monitored the replacement contractor through completion. Duties included approval of monthly progress payment application, evaluation, and negotiation of change order requests. Assisted the surety in the negotiation and final settlement of $9 million affirmative claim to the Owner for delayed access that impacted the completion contractor as well as the 2nd tier subcontractors. Assisted the surety in negotiation and final settlement with the completion contractor per the completion agreement, change order, and claims.

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