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HomeMy WebLinkAboutFIN-2023-131 - Request for Additional Funding - Z23-004 Conway Drive and Wayne Drive Road Reconstruction REPORT TO: Committee of the Whole DATE OF MEETING: March 20, 2023 SUBMITTED BY: Ryan Scott, Chief Procurement Officer, 519-741-2200 ext. 7214 PREPARED BY: Sarah Pethick, Associate Procurement Specialist, 519-741-2200 ext. 7213 WARD(S) INVOLVED: N/A DATE OF REPORT: March 8, 2023 REPORT NO.: FIN-2023-131 SUBJECT: Request for Additional Funding Q23-004 Conway Drive and Wayne Drive Road Reconstruction RECOMMENDATION: That $754,000 be transferred from the Water Infrastructure Program (WIP) Road Reconstruction General Account to the Conway Drive and Wayne Drive Road Reconstruction account to allow the project to proceed. REPORT HIGHLIGHTS: The purpose of this report is to obtain approval to transfer funds to the Conway & Wayne Drive Road Reconstruction capital project to allow the award of a procurement in accordance with Procurement By-law 2022-109; The impact of not approving the transfer would be canceling the solicitation and delaying the project until at least 2024; This report supports the delivery of core services. BACKGROUND: The scope of the work for the Conway Drive and Wayne Drive Road Reconstruction project includes the replacement of the existing sanitary sewer, storm sewer, water supply system, roadway, curb and gutter, sidewalks and municipal service connections to the street property line. The work also includes a small component of cured-in-place sewer lining and exfiltration trenches. Approximate project distance is 780 metres. The project would be scheduled to begin on April 3, 2023, weather permitting. REPORT: In accordance with the Procurement By-law 2022-109 (Chapter 170 Municipal Code), Councils approval is required if any one or more of the conditions of Section 10 Delegated Approval Authority are not met. *** This information is available in accessible formats upon request. *** Please call 519-741-2345 or TTY 1-866-969-9994 for assistance. Specific to the project listed, the City has conducted an open competitive process which resulted in eight (8) responses beingreceived, and the intent is to award to the lowest compliant response. Staff have concluded that: Market pricing has been received for the listed deliverables; and Based on the significant number of bids received through this competitive process early in the year, staff do not believe better pricing would be received by canceling this solicitation and waiting at least another year; and It would be in the ahead with the project. However: There is insufficient funding to award the procurement under delegated authority; and Additional funds are being requested to facilitate an award. Failing to transfer additional funds would lead to canceling the solicitation and delaying the project until at least 2024. Further, delaying the project will increase the likelihood of service disruption in the area as the infrastructure being replaced is at the end of its useful life. STRATEGIC PLAN ALIGNMENT: This report supports the delivery of core services. FINANCIAL IMPLICATIONS: The table below shows the proposed transfer and the revised project budget that would allow the procurement to be awarded within the Procurement By-Law. Summary of Proposed Action Account Amount Approved Budget Conway & Wayne Drive Reconstruction $5,288,000 Recommended Transfer WIP Road Reconstruction General Account $ 754,000 Revised Budget Conway & Wayne Drive Reconstruction $6,042,000 There is sufficient funding within the WIP Road Reconstruction General Account to make this transfer. COMMUNITY ENGAGEMENT: INFORM the council / committee meeting. PREVIOUS REPORTS/AUTHORITIES: There are no previous reports/authorities related to this matter. APPROVED BY: Jonathan Lautenbach, Chief Financial Officer, Financial Services.