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Home My WebLink AboutConquest Engineering Group Company , CITY OF SUNNY ISLES BEACH . Atlantic Isles Roadway and Utility Improvements Prepared by: [tJ l I Calvin, Giordano g Associates, Inc. - g .. -i:EXCEPTIONAL SOLUTIONS .1i ~ R CEIVED v-' JUL C 7 2008 \~ CGA Project No. 05-4893 City of Sunny Isles Beach Bid No. 08-06-01 City c! Sunny I" B86dl OfftCII of lhe CI Clerk May 2008 ~~lBIlJNG PURPOSES ONLY " OR\G\NAl . oJ SECTION 00300 BID FORM Address (!ONftV6ST fN6iNE6f2-iMG GeooP COM'RWV e49/ N.W. 17tJtgTQ66r gurr€ (:111 M/AM( h 33{12~ , (30S) 511-2370 Bid of Phone To furnish all materials, equipment and labor and to perform all work in accordance with the Contract Documents for construction of: sanitary sewer collection system with gravity sewer lines, manholes, WASD Lift Station and Force main; Paving, Grading, and Drainage improvements; Under grounding of certain utilities, such as FPL Power, CATV, and Telephone will require coordination with others, The installation of a new water main with services is also proposed by the City of North Miami Beach to be constructed contemporaneously, but not as a part of this contract located in the CITY OF SUNNY ISLES BEACH, To: CITY OF SUNNY ISLES BEACH 18070 Collins Avenue, Suite 250 Sunny Isles Beach, Florida 33160 The undersigned Bidder has carefully examined the Bidding Documents and the site of the proposed work and is familiar with the nature and extent of the work and any local conditions that may in any manner affect the work to be done, The undersigned Bidder agrees to' do all the work and furnish all materials called for by the Bidding Documents, in the manner prescribed therein and to the standards of quality and performance established by the Engineer for the unit price amounts stated in the spaces herein provided, for each of the items or combination of items stipulated. Unit price line items shall include cost of implementing all applicable safety requirements. Bidder acknowledges that estimated quantities scheduled are approximated for the sole purpose of obtaining comparative bids for determination of the lowest responsible and responsive bidder whose bid best serves the interest of, and represents the best value to, the Owner pursuant to the criteria set forth in Section 62-8 of the City Code, and that actual quantities required may increase or decrease. Bidder further agrees that payments will be made on the basis of actual quantities placed and accepted in the construction. Bidder acknowledges that price is only a factor in determining the lowest responsible and responsive bidder. ORIG'NAL ... 05/08 00300-1 05-4893 " oJ Atlantic Isles Roadway and Utility Improvements Bid Estimated Item Description Quantity Unit Unit Price Estimated Total I. General /05, C/34.ctJ /05,934. CO Mobilization and Demobilization (< 5 %) LS $ $ 2 MOT, per FDOT including temporary striping and signage, barricades, barriers, arrow panels, etc, as 44, 7~. 00 44. 77.P.tXJ required, LS $ $ , Subtotal-General $ /50/748, ()() II. Civil A Demolition / Site Preparation 3 Asphalt pavement demolition/hauling and disposal LS $ 187'1.00 $ ~ 87'?lXJ 4 Driveway demolition/Hauling and disposal LS $ $ .487'.00 48T.OO 5 Drainage structures to be removed or abandoned . in place and filled with flow able fill LS $ 39/3.(X) $ 3,8/3.00 , 6 Relocate or adjust existing street signs LS $ ~ O?R. 00 $ J 039, 00 7 Remove power /Iight poles LS $ $ JiRO. CO , (jfl(). 00 8 Relocate existing mailboxes LS $ I, 820, 00 $ /,820.00 , B Earthwork 9 Green areas in R/W, including fine grade swales 83,135.00 8.3,135.00 and sod (between back of curb & R/W) . 1 LS $ $ 10 Roadway earthwork 1 LS $ 12{ ~7. 00 $ /2/061:,00 " C Paving 11 Asphalt type, FC 12.7, 2.0 inches 8,400 SY $ /8.50 $ /5!5/4a:J,aJ 12 8" limerock base 10,000 SY $ /2.90 $ /29, {X)().a? 13 12" Stabilize sub-base material 11 ,000 SY $ 1.17 $ /2,870.00 14 Select fill 3,350 CY $ 8.10 $ 2?: /.35.00 15 Driveway restoration (per detail on sheet C19) 2,150 SY $ 53. (p() $ I;~ 2'7t? w 16 Type F curb and gutter 3,170 LF $ I~. .5(9 $ ~305.00 17 Valley gutter 2,175 LF $ I .80 $ ..3. /190.CXJ 18 Transition curb 500 LF $ /7. f!JO $ t7, <;t(? 00 19 Concrete flume 5 EA $ 3.38,00 $ ~G$t?/ 00 20 Flare end curb 4 EA $ <72.m $ 3fi8.00 21 Pavement seam joint at bridge location 1 LS $ 1,4T~.CO $ 1,47(0.00 D Drainage Structures and Piles 22 Curb drop inlets 22 EA $ 3, a:J1. 00 $ G0,154. ro 23 Manhole Cover & Frame 2 EA $ 5tbl.5O $ I, /23.00 24 Catch basin Type E ORIGINAL 3 EA $ 4,4ti;(}, CO $ /~8eo.(X) 25 Catch basin Type D 8 EA $ ~ 245. 00 $ ~q60"OO 26 Catch basin Type C 14 EA $ 4779. a? $ , 9"oP. q;J 27 Control structures 1 LS $ 1~!4fiJ.()(} $ II, ~. 00 28 Pollution retardant baffles 26 EA $ 14.50 $ 1eJ, 7T?: 00 29 Furnish & Install 15" RCP drainage pipe complete (including but not limited to excavation, bedding. backfill, compaction & restoration as per plans -52.50 40, 425. CO and specifications) 770 LF $ $ ... 05/08-Addendum No.5 00300-2 05-4893 Atlantic Isles Roadway and Utility Improvements Bid Estimated Item Description Quantity Unit Unit Price Estimated Total 30 Furnish & Install 18" RCP drainage pipe complete (including but not limited to excavation, bedding, backfill, compaction & restoration as per plans ~2,,/O p~ /B2.5o and specifications) 325 LF $ $ 31 Furnish & Install 24" RCP drainage pipe complete {including but not limited to excavation, bedding, backfill, compaction & restoration as per plans (i; q. 50 //4. ~75"OO and specifications) 1 ,650 LF $ $ I 32 Furnish & Install 30" RCP drainage pipe complete (including but not limited to excavation, bedding, backfill, compaction & restoration as per plans /3ftJ.50 %, 2f1J. ()() and specifications) 720 LF $ $ 33 Ultralite Tideflex Check Valve 1 EA $ 100B~. q; $ 10, 8~.50 34 Vortech-Model 5000 LS $ 37;378. (X) $ 37; 378,tJO . E Sanitary Sewer System and Force Main per WASD Standards/Spec 35 F&I 8" PVC sanitary sewer complete (including but not limited to excavation, bedding, backfill, compaction & restoration as per plans and 50.50 1/8 /m.oo specifications) 2,340 LF $ $ I 36 F&I 8" DIP sanitary sewer complete (including but not limited to excavation, bedding, backfill, y compaction & restoration as per plans and specifications) 120 LF $ /07, {)O $ /4840.00 37 F&I 10" PVC sanitary sewer complete (including but not limited to excavation, bedding, backfill, compaction & restoration as per plans and ~,,45 15,24/. 5J specifications) 270 LF $ $ 38 F&I 12" PVC sanitary sewer complete (including but not limited to excavation, bedding, backfill, compaction & restoration as per plans and 7Cl, 4tJ 3,573.00 specifications) 45 LF $ $ 39 Sanitary drop manholes 48" dia, 1 EA $ s,()(iJ'l"OO $ 5:009. CO - - -- I 351.tKJ 40 Core drill existing manhole #24 1 EA $ $ , 3~tX) 41 Sanitary manholes 48" dia. 22 EA $ 3,?J(j)4/1 00 $ -I~ ~ ".00 42 F&I 6" DIP force main complete (including but not limited to excavation, bedding, backfill, compaction & restoration as per plans and 34. 50 3? ~7.5" 00 specifications) 1,150 LF $ $ 43 F&I 8" DIP force main complete (including but not limited to excavation, bedding, backfill, compaction & restoration as per plans and 5<1, 50 Z:97!3 ~OO specifications) 50 LF $ $ 44 Miscellaneous sanitary PVC fittings 1 LS $ a /35./q $ ~/.35~ 19 45 Miscellaneous DIP valves and fittings 1 LS $ G,2(j)4. ~ $ ,~. 50 46 F&I 6" sanitary services laterals complete (including but not limited to excavation, bedding, backfill, compaction & restoration as per plans 4~/W.OO and specifications) 62 EA $ Ga?" (X) $ 47 F&I 6" Force main bridge crossing as per detail on 79. :37 ~ otO" 3/ addendum (Bridge No. A) 63 LF $ $ \.0 48 F&I 6" Force main bridge crossing as per detail on 98,00 ~ 9<18. CO addendum (Bridge No, B) ORIGINAL 51 LF $ $ Atlantic Isles Roadway and Utility Improvements Bid Item Description Estimated Quantity Unit Unit Price Estimated Total F Lift Station 49 Complete as per plans to include but not limited to labor, equipment, materials, electric, 1(j;{;,544.(t) /~544,CO mechanical, earthwork, etc LS $ $ G Pavement Marking, Striping and Sign age 50 18" yellow solid line 76 LF $ ..3.00 $ f?28.aJ 51 18" white solid line 290 LF $ :3.00 $ f1370. ~ 52 24" stop bar 18 LF $ 515.50 $ 999. a? 53 6" double yellow 122 LF $ /.50 $ I ~3.00 54 8" white 10'-30' skip 0,50 GM $ 112.00 $ 6..00 55 8" white solid line 351 LF $ 1.00 $ 351.00 56 RPM amber/amber 85 EA $ 7;00 $ 59'5.<<J 57 RPM blue/blue 6 EA $ /':00 $ 4g00 58 R5-1 (Do Not Enter) 3 EA $ ..332. C() $ 99~. 00 59 R6-1 L (One Way) 1 EA $ 178.00 $ /78. CO 60 R6-1 R (One Way) OR\GINAL 3 EA $ 27rP.50 $ 629. 50 61 R3-1 (No Right Turn) 1 EA $ 27f;,.50 $ 27<0. !50 62 R 1-2 (Yield) EA $ 27~.~ $ 27G. t:.V " I, Ci5?;286,OO Subtotal-Civil $ . III. Electrical - Street Lighting 63 Furnish and install decorative light pole cost 33 EA $ 4,~4. 00 $ /43,()~"W 64 Furnish and install decorative light fixture cost 33 EA $ 4,BM.oo $ /43,C22.CO 65 Wiring of light fixtures 33 EA $ I, (324. 00 $ ~/'12.. 00 66 Copper wiring (As per Plans) 16,000 LF $ .3.40 $ 5 ,4CO.OO 67 Furnish and install 2" schedule 40 PVC conduit to include trenching (6" x 12" deep), backfill and /2.00 - 48<<0,,00 restoration 4,000 _LF -$ - - $ 68 Handholes 33 EA $ 456.00 $ /5. 048.()() 69 Copper clad ground rods (5/8" dia x 10'L) 33 EA $ /qg,tXJ $ <O~.3.%.OO 70 Panel & Meter Enclosure, including connection to 17; 760, (X) 1 7;TBJ. a? service point LS $ $ Subtotal-Electrical $ 48'0780.00 IV. North Miami Beach Water Main Installation 71 Mobilization, General Conditions (Only for items in ~805,OO ~ 305. ()() IV Installation of Water Main System) LS $ $ 72 Abandonment / Removal of Existing Water ~ 695.cv ~ 885. 0() System 1 LS $ $ 73 Install 8" PVC Pipe C-900 2,560 LF $ 23. a? $ .58, 8eo.00 74 Install 6" PVC Pipe C-900 420 LF $ 2P,50 $ C(4f%).W 75 Install 4" Polyethylene Casing Pipe 85 LF $ /2,!JO $ ~ OELI. 00 76 Install 2" Polyethylene Casing Pipe 770 LF $ ZOO $ 6;39'o.a? '- 77 SS straps 10 EA $ /94.00 $ 11140.00 78 Install Fire Hydrants 6 EA $ 3,822"ct) $ ,932.00 Atlantic Isles Roadway and Utility Improvements Bid Estimated Item Description Quantity Unit Unit Price Estimated Total 79 Install 6" Transitional Sleeve 1 EA $ 324.00 $ 3g4.00 80 Install 8" Gate Valves 6 EA $ 1,((JOt. ()O $ ct'~.Q? . 81 Install 6" Gate Valves 10 EA $ '80<<).00 $ Io,~. ()() 82 Install 8" x 8" Tee 2 EA $ ~.OO $ ///18.00 83 Install 8" x 900 Bend 4 EA $ ::!Yfl. CXJ $ /~47rO. CO 84 Install 8" x 450 Bend 14 EA $ 2Yf8.00 $ ~~OoaJ 85 Install 8" x 22,50 Bend 2 EA $ 3%,00 $ 86 Install 8" x 11.250 Bend 3 EA $ :340,00 $ it.020.00 87 Install 8" x 6" Tee 9 EA $ 522.00 $ ~,CO 88 Install 8" x 6" Reducer 3 EA $ 2 W;,aJ $ .34.00 89 Install 6" x 450 Bend 1 EA $ 2 ?: (X) $ 247: C() 90 Install 6" x 22.50 Bend 1 EA $ 2 !X), ()(} $ 2~OO 91 Install 6" x 6"Tee 2 EA $ 4/4.00 $ B28.o0 92 Install 6" Cap 1 EA $ /20.00 $ 12.0, 00 93 Install 6" x 2" Tapped Cap 2 EA $ 120/.00 $ 402.00 94 Install Corporation Stop Tap to 8" DIP w/Tapping /,048.00 2r()BO,tX) Saddle 2 EA $ $ 95 Install 2" RSGV 2 EA $ 5.54. CO $ 1108.00 96 Install Service Connection 1" w/PVC Casing 34 EA $ (j>.33.Q;J $ ,522.(::0 97 Install Service Connection 1" Double w/PVC ta95,0{) G9!5.00 Casing 1 EA $ $ , 98 Install Service Connection 2" w/PVC Casing 6 EA $ /'B8(O.00 $ 1~316,a:; 99 Install Service Connection 2" Double w/PVC 40!XJ.OO 243tO. ()() Casing 10 EA $ $ Subtotal - North Miami Beach Water Main P()I, 874.00 Installation $ V, Miscellaneous ORIGINAL 100 Contingerlcy LS $250,000,00 $250,000.00 VI. FPL Undergrounding 101 Allowance Account LS $500,000.00 $500,000,00 TOT AL BASE BID (Item I Thru VI) J $3,2Al ~~.tq . -ntRE6 Miw'oN TWO HUAloeen "'FtJIZrrEa15N THWEANO SIX 1-/01IOR5.D H:IJ?Ty SIX Dt:UAI?S. 4#D (;()N~uG9\ fd..JGiN€6eiNG GrwJF; &0. Written 07/07(09 ,(/0 . I (Contractor) (Date) C!E/.U3 .... ~~ ~'J? ~, ~ ~ BID SECURITY Accompanying this Bid is a certified or cashier's check or a bid bond in the amount of $ 5% of the bid made payable to the Owner which may be forfeited as liquidated damages if, in the event this proposal is accepted, the undersigned fails to execute the Agreement and furnish and pay for the required performance and payment bonds for the Owner within 10 days after acceptance of the Bid; otherwise said certified or cashier's check or bid bond will be returned to the undersigned, The undersigned Bidder agrees to commence work within 1Q days after the date of written Notice to Proceed, and further agrees to substantially complete the work within 160 consecutive calendar days after the date of written Notice to Proceed, subject to such extensions of time allowed by the Conditions of the Contract. The undersigned Bidder also agrees to complete the entire work within 170 days after the Contract time commences to run, The undersigned Bidder agrees that this Bid shall be good and may not be withdrawn for a period of 60 days after the scheduled closing time for receiving bids. The undersigned further agrees to forfeit to the Owner, as liquidated damages for each calendar day elapsing between the date established as the date of final completion and the actual date of final completion of the contract work, the amount of $2,000,00 per calendar day, The Owner agrees, as a bonus for each calendar day of early completion before the Gate established as the date of final completion and the actual date of final completion of the contract work, the amount of $2,000,00 per calendar day, The bonus is limited to a maximum of $60,000,00, ORIGINAL ~ 05108 00300-6 05-4893 ADDENDA Bidder acknowledges the receipt of Addendum No,'s 1. 110.1 ,2. IJO.~, 3, 110.3,4. A/o.4 ,5. No.5. Dated this ~ day of J u,-Y 12009 (month) (year) Contractor: CoNQcJtST &/(~("'6821~ GI2OcJf7 &mt~y Address: 84qr fJ,rAllytk~T 9uir6 L-w AllAMi, FL 33(2(; * SEAL * Attachments: Subcontractor List Bid Security Trench Safety Act documentation END OF DOCUMENT ORIGINAL 05/08 00300-7 05-4893 r DOCUMENT 00401 BID BOND BIDDER (Name and Address): CONQUEST ENGINEERING GROUP COMPANY 8491 N.W. 17th Street~ Suite i-Ill Miami. FL 33128 SURETY (Name and Address of Princio81 Place of Business): Arch Insurance Company One Liberty Plaza. 53rd Floor New York. NY 10006 OWNER (Name and Addr~ss): CITY OF SUNNY ISLES BEACI:.f 18070 Collins Aventte Sunny Isles Beas;:b. Floli99 33160 IDQ BID DUE DATE: June 16, 2008 PROJECT (Brief Description including Location): Atlantic Isles Roadway and Utility Improvements BOND NUMBER: N/ A DATE: (Not later than Bid Due Date): June ] (,. ?OOR PENAL SUM: 5% of Amount Bid IN WITNESS WHEREOF, Surety and Bidder. intending to be I gafly bound hereby, subject to the terms printed on the reverse side hereof, do each cause this Bid Bo d to be duly executed on its behalf by its authorized officer, agent, or representative. BIDDER SURE Y By: / ( Seal) Corpo te Seal By: ?J2ESlDo.Jr ygnature and Title ~e~ / ()P;:tC6 t\1wAGEe Signature and Title Engineering Group In Fact Attest: Signature Witness Note: (1) (2) Above addresses are to be used for giving required notice. Any singular reference to Bidder, Surety, Owner or other party shall be considered plural where applicable, ORIGINAL 05108 Final Version 00401-1 05-4893 ,~ VO/VLILVUO ~~.~, 1. Bidder and Surely. Jointly and sel/Ilrally, bind themselves. their heirs, el<ecl,ltors, admlnl6tr91or~. sUCCessors and assigns 10 pay to Owner upon default of Bidder :my dlfferenca between the total amount of Bidder's bid and th@ total amount of the bid of the next lowest, responsible and responsive bidder as datermined by OWn!lr for the Work required by the Contract Documents, provided lll:at 1,1, If there is no such next lowe:;t. responsible alld responsive blddllr, and Owner doar. rlol abandon Ihll Project, then Sidder and Surely shall pay to Owner the penal sum set forth on Ihe lace of Ihie Bond, and 1.2. In no event shall Bidder's and Surety, obligation hllrBunder exceed the penal sum sel forth 0'1 the face of th is Bond, 2, Default of Bidder snail occur upon the failure of Blddar to deliver wllhln tha 11m!! reCluired by the Bidding Documents (or any extension thereof agreed 10 in writing by Owner) the executed Agreement required by the Bidding Documents and any performance lInd paymllnl bonds required by the Sidding Documents and Conlract Documents. 3 Tni/; obliglltion shall be null and void if: 3.1, Owner accept.s Bldda~' bid and 6idder dellvars wilhln thll time required by the Bidding Document& (or any extension thereof agreed to In writing by Owner) the l!IxeCUled Agreement required by th~ Bidding Documents and any performance and pe)'l'1ent bonds requlrod by tha Bidding Documentll and Conlreel Documenb, or :t2. All bids are rejected by Owner. or 3.3, Owner fails to issue a notice of award 10 Bidder within the tima speCified in the Bidding Documents (or !lny extension thereof agll~ed to In writing by Bidder and, If applicable, consented to by Surely when required by paragraph 5 hereof), 4, Payment under this Sond will be dlle and payable upon default by Bidder and within 30 calendar days after receipt by Bidder and wilhin 30 calendar day' after receipt by Bidder and Surety of wrlllan notice of defBult from Owner. which notice will be glvGn wilh real>oMble promlltness, identifying this Bond and the Project and including a statement of the amount due. 5, Surflty welll!!& nohce of and any and ell defenses bllsed on or Brlsing out 01 <lny lime Ilxtonsion to is~ue notice of award agreed 10 in writing by Owner and Bidder, provided that th@ total time for issuing nOllce of aWilrd including e)(lensions shall not In Ihe aggregate exceed f 20 days from Bid Due Date without SUre'ly's written consent. 6. No ~ult or action shall be comma need under thig Bond prior to 30 calendsr dllYs after the nollca of default. liS required In Paragraph 4 above. is rocsllll3d by Bidder and Surety and I,., no case later than one year after Bid Due Date. 7 _ Any suit or lIcllon under this Bond shall be commenCtld only in Ii court 01 competent jurigdiction located In the !:tate in WhiCh the Projeells located. 8. Notices required hereunder shall be In writing and sent to Bidder and Surety at their respectlv& addreases shown on the !acG of thie Bond. Such notices may bll senl by personal dllllvery, Commercial courier or by United Stlltell RrJglslerad or Certified Mall, /'!!Ilurn receipt requested. postage pre-paid, and sl1all be deemed to be effective upon receipt by the party concerned. 9. Surely shall causa to be attached to this Sond it current and effectlv!: Power of Attorney evidencmg Iho Buthority 01 the officer. agent or representative who e)(ecuted Ihls Bond on behalf of Surety to elCllcule. s991 and deliver such Bond and bind the Surety theraby. 10. This Bond Is Intended 10 conform to all applicable statutory requlrllments. Any applicable requirement of i1ny applicable stalule that nas been omitted from this Bond shall be deemed 10 be Ineluded herein as if set forth at length If any provision of this Bond conflicts wllh any applicable provision of this Bond conflicts with a ny applicable provision of any applicable slatuI!!. then the provision of said statute shall govern an<l the remainder of this Bond thaI I!'. not In conflict therewith ..hall continue In full Itlrce IInd effect. 11, The term "bid" as used herein IncludeG a bid. offer or propo-sal as applicable ORIGINAL 05fOB Final Version 00401.2 05-4893 POWER OF ATTORNEY Know All Men By These Presents: That the Arch Insurance Company, a corporation organized and existing under the laws of the State of Missouri, having its principal office in Kansas City, Missouri (hereinafter referred to as the "Company") does hereby appoint Mary C. Aceves, Warren M, Alter, Charles D. Nielson, Charles J, Nielson, David R. Hoover and Gicelle Pajon of Miami Lakes, FL (EACH) . . its true and lawful' AttOn1:ey{sY-i~-F~ct, to make, execute, seal, and deliver from the date of issuance of this power for and on its behalf as surety, and as its act and deed: Any and all bonds and undertakings EXCEPTION: NO AUTHORITY is granted to make, execute, seal and deliver bonds or undertakings that guarantee the paymen~ or collection of any promissory note, check. draft or letter of credit . This authority' does not permit the same obligation to be split into two or more bonds In order to bring each such bond within the dollar limIt of authority as set forth herein. The Company may revoke this appointment at any time. The execution of stich bonds and undertakings in purs.uance' oftheseHpresents:shall be as binding upon the said Company as fully ~nd amply to aU Intents and purposes, as if the same had b~en duly executed and acknowledged by its regularly elected officers at Its principal office In Kansas CitY, Misso~it' ':---'. .... '.. . . '.. . . . . .. '.:. ... I' .. . ~ This Power of Attorney is executed by authority of resolutiorisadopted by unanimous consent of the Board of Directors of the Company on March-3, 2003, true and accu~te copies of which are hereinafter set forth and are hereby certified to by the undersigned Secretary as being in full force and effect: "VOTED, That the Chairman of the Board, the President, or any Vice President, or their appointees designated in writing and filed with the Secretary, or the Secretary shall have the power and authority to appoint agents and attorneys-in-fact, and to authorize them to execute on behalf of the Company, and attach the seal of the Company thereto, bonds and undertakings, recognizances, contracts of Indemnity and other writings; obligatory in the nature thereof, and. any such officers of the Company may appoint agents for acceptance of process." This Power of Attorney is slgn~d, sealed and certified by facsimile under and by authority of the following resolution adopted by the unanimous consent of the Board of Directors of the Company on March 3. 2003: VOTED, That the signature of the Chairman of the Board, the President, or any Vice President, or their appointees designated in writing and filed with the Secretary, and the signature of the Secretary, the seal of the Company, and certifications by the Secretary, may be affixed by facsimile on any power of attorney or bond executed pursuant to the resolution adopted by the Board of Directors on March 3, 2003, and any such power so executed, sealed and certified with respect to any bond or undertaking to which it is attached, shall continue to be valid and binding upon the Company. ORIGINAL 00ML0013 00 03 03 Page 1 of 2 Printed in U.S.A. In Testimony Whereof, the Company has caused this instrument to be signed and its corporate seal to be affixed by their authorized officers, this 1st day of May .20..Q.L. Arch Insurance Company Attested and Certified STATE OF PENNSYLVANIA SS COUNTY OF PHILADELPHIA SS I, Brian C. Kuhn, a Notary Public, do hereby certify that Martin J. Nilsen and J. Michael Pete personally known to',me to be the same persons whose names are respectively as Secretary and Vice President of the Arch Insurance Company, a Corporation organized and existing under the laws of the State of Missouri, subscribed to the foregoing . Instrument, appeared before me this day In person and severally acknowledged that thElY being thereunto duly authorized signed, sealed with the corporate seal and delivered the said instrument as the free and voluntary act of said corporation and as their own free and voluntary acts for the uses and purposes therein set forth. ~~.-~< . Brian C. Kuhn, Notary Public . My commission expires 12-Q6-2011 CERTIFICATION COMMONWEALlH OF PBNNSYLV ANJA NOT.ARlA.LSEAL Brian C. Kuhn. NotaIy Public City ofPhiladclpbi~ Philadelphia County M commission ires December 06,2011 I, Martin J. Nilsen, Secretary of the Arch Insurance Company; do hereby certify that the attached Power ofAttomey'dated May 1, 2008 on behalf of the person(s) as listed above is a true and correct copy and that the same has been in full force and. effect since the date thereofan~ is in full force and effect on the date of this certificate; and I do further certify that the said J. Michael Pete, who executed the Power of Attorney as Vice President, was on the date'.of execution of the attached Power of Attorney the duly elected Vice President of the Arch.lnsurance Company. IN TESTIMONY WHEREOF, I have hereunto subscribed my name and affixed the corpor Company on this 16th day of June ,20~. This Power of Attorney limits the acts of those named therein to the bonds and undertakings specifically named therein and they have no authority to bind the Company except in the manner and to the extent herein stated. PLEASE SEND ALL CLAIM INQUIRIES R,ELATING TO THIS BOND TO THE. FOLLOWING ADDRESS: Arch Surety 3 Parkway, Ste. 1500 Philadelphia, P A 19102 ORIGINAL OOML0013 00 03 03 Page 2 of 2 Printed in U.S.A. SWORN STATEMENT PURSUANT TO SECTION 287.133(3)(a), FLORIDA STATUTES, ON PUBLIC ENTITY CRIMES THIS FORM MUST BE SIGNED AND SWORN TO IN THE PRESENCE OF A NOTARY PUBLIC OR OTHER OFFICIAL AUTHORIZED TO ADMINISTER OATHS. 1, This sworn statement is submitted to (!,Tv OF SJN NY T.Sl...€S BCA<!.H <7 /:' _ ~. _a [p~name. of the public entity] by K.I~ ~1<k?At\l\A ~(D9JT rint individual's name and title] J /1... for .. CO P L.O NY [print name of entity submitting sworn statement] whose business address is 8~ N.W. tyt" Sn~€6T Q,Ul16 L-HI MiAM{ . FL 3'3te0 I and (if applicable) its Federal Employer Identification Number (FEIN) is 75- ..3038586 (If the entity has no FEIN, include the Social Security Number of the individual signing this sworn statement: - .) 2. I understand that a "public entity crime" as defined in Paragraph 287.133(1 )(g), Florida Statutes, means a violation of any state or federal law by a person with respect to and directly related to the transaction of business with any public entity or with an agency or political subdivision of any other state or of the United States, including, but not limited to, any bid or contract for goods or services to be provided to any public entity or an agency or political subdivision of any other state or of the United States and involving antitrust, fraud, theft, bribery, collusion, racketeering, conspiracy, or material misrepresentation. 3, I understand that "convicted" or "conviction" as defined in Paragraph 287.133(1 )(b), Florida Statues, means a finding of guilt or a conviction of a public entity crime, with or without an adjudication of guilt, in any federal or state trial court of record relating to charges brought by indictment or information after July 1, 1989, as a result of a jury verdict, nonjury trial, or entry of a plea of guilty or nolo contendere. 4. I understand that an "affiliate" as defined in Paragraph 287,133(1 )(a), Florida Statutes, means: 1, A predecessor or successor of a person convicted of a public entity crime; or 2, An entity under the control of any natural person who is active in the management of the entity and who has been convicted of a public entity crime. The term "affiliate" includes those officers, directors, executives, partners, shareholders, employees, members, and agents who are active in the management of an affiliate, The ownership by one person of shares constituting a controlling interest in another person, or a pooling of equipment or income among persons when not for fair market value under an arm's length agreement, shall be a prima facie case that one person controls another person, A person who knowingly enters into a joint venture with a person who has been convicted of a public entity crime in Florida during the preceding 36 months shall be considered an affiliate. 5, I understand that a "person" as defined in Paragraph 287.133(1 )(e), Florida Statutes, means any natural person or entity organized under the laws of any state or of the United States with the legal power to enter into a binding contract and which bids or applies to bid on contracts for the provision of goods or services let by a public entity, or which otherwise transacts or applies to transact business with a public entity, The term "person" includes those officers, directors, executives, partners, shareholders, employees, members, and agents who are active in management of an entity. ORIGINAL 05/08 Final Version 00402-1 05-4893 I ' 6. Based on information and belief, the statement which I have marked below is true in relation to the entity submitting this sworn statement. [Indicate which statement applies] Neither the entity submitting this sworn statement, nor any of its officers, directors, executives, partners, shareholders, employees, members, or agents who are active in the management of the entity, nor any affiliate of the entity has been charged with and convicted of a public entity crime subsequent to July 1, 1989, The entity submitting this sworn statement, or one or more of its officers, directors, executives, partners, shareholders, employees, members, or agents who are active in the management of the entity, nor any affiliate of the entity has been charged with and convicted of a public entity crime subsequent to July 1, 1989, The entity submitting this sworn statement, or one or more of its officers, directors, executives, partners, shareholders, employees, members, or agents who are active in the management of the entity, nor any affiliate of the entity has been charged with and convicted of a public entity crime subsequent to July 1, 1989, However, there has been a subsequent proceeding before a Hearing Officer of the State of Florida, Division of Administrative Hearings and the Final Order entered by the Hearing Officer of the State of Florida, Division of Administrative Hearings and the Final Order entered by the Hearing Officer determined that it was not in the public interest to place the entity submitting this sworn statement on the convicted vendor list. [attach a copy of the final order] I UNDERSTAND THAT THE SUBMISSION OF THIS FORM TO THE CONTRACTING OFFICER FOR THE PUBLIC ENTITY IDENTIFIED IN PARAGRAPH 1 (ONE) ABOVE IS FOR THAT PUBLIC ENTITY ONLY AND, THAT THIS FORM IS VALID THROUGH DECEMBER 31 OF THE CALENDAR YEAR IN WHICH IT IS FILED. I ALSO UNDERSTAND THAT I AM REQUIRED TO INFORM THE PUBLIC ENTITY PRIOR TO ENTERING INTO A CONTRACT IN EXCESS OF THE THRESHOLD AMOUNT PROVIDED IN SECTION 287,017, FLORIDA STATUTES FOR CATEGORY TWO OF ANY CHANGE IN THE INFORMATION CONTAINED IN THIS FORM. Sworn to and subscribed before me this IA 7 day of Personally known 1?-rc:4:.~ ~ ~Hf1 OR Produced identification (Type of identification) ORiGINAL ~.".YPil6:::-. NARYARA MOYA ~ JJl:f!-... MY COMMISSION # DD600566 "J'....~ "l"OF\\<:>'l' EXPIRES: Ocl. I. 2010 (407) 398-015., Flood. Notary S"",ice.com "_.'~'-",'.'" - ~""..-"-"'...---- ...--~...._------ 05/08 Final Version 00402-2 05-4893 DOCUMENT 00403 TRENCH SAFETY ACT (90-96, Laws of Florida) Bidder acknowledges that included in the appropriate bid items of the proposal and in the Total Bid Price are costs for complying with the Florida Trench Safety Act (90-96, Laws of Florida) effective October 1, 1990, The bidder further identifies the costs of such compliance to be summarized below: Trench Safety Unit of Unit Measure Measure (Quantity) (Description) (LFSF) A. 9H()I2tNr;. LS / B. - ---, C. - --- D. - Unit Cost Extended Cost 35.a:o.CXJ Z75.axJ.aJ - -.- -- Total $ 8..5.a:zJ"a? If applicable, the Contractor certifies that all trench excavation done within his control in excess of five feet in depth shall be in accordance with the Florida Department of Transportation's Special Provisions Article 125-1 and Subarticle 125-4.1 (TRENCH EXCAVATION SAFETY SYSTEM AND SHORING, SPECIAL - TRENCH EXCAVATION), Failure to complete the above may result in the bid being declared non-responsive. Contractor agrees that the above safety compliances and costs are included in his bid package. Contractor END OF DOCUMENT (Jr~: ~ir\lAL 05/08 Final Version 00403-1 05-4893 DOCUMENT 00420 INFORMATION REQUIRED FROM BIDDERS GENERAL INFORMATION The Bidder shall furnish the following information. Failure to comply with this requirement may cause its rejection. Additional sheets shall be attached as required. 1. Contractor's Name/Address: C() I '7~k 2. Contractor's Telephone Number: CE(5)~ - 2.370 Contractor's License: C~ '22.3 79.3 ~ CGC /51 ~301 Primary Classification: U t:::€~6I2.e0N ( ),-[ Li It 55 3. 4. Number of years as a Contractor in construction work of the type involved in this Contract: I 0 Y€A~ 5. List the names and titles of ill! officers of Contractor's firm: Yt26S\I::tNT \/iQ6- 'P~S iDE5NT R, CAR.,"OO JEAN~ N/A N(A NIp... , GUA'VAV?J2AMA , I GUADAgi2AMA I 6. Name of person who inspected site or proposed work for your firm: ~70 1JJDl2iG<JB? CG/04/oa . Name: Date of Inspection: 7. What is the last project of this nature you have completed? 'C Ceo\S8Af'..rr ?At2-1< BAS/^, A IJ 8. Have you ever failed to complete work awarded to you; if so, where and why? N 6"6 f2. -1'\1 ,~" \,'AL 0KI01i\J' 05/08 Final Version 00420-1 05-4893 9. Name three individuals or corporations f r which you have performed work an which ou refer: (!, ""fi ., <=tS4 - 5273 Qrrv OF 'PlN'JIATlON / DA"-l '1=6t-Lio / ('154)478 -8PJ04 CliYOt= 'DE€Q,";f"(W BEAQl-\ / TONi ~'OLA j(qE::;4) 480 -4!2.7() , . 10. List the following information concerning all contracts on hand as of the date of submission of this proposal. (In case of co-venture, list the information for all co-ventures). NAME OF PROJECT CITY TOTAL CONTRACT VALUE CONTRACTED DATE OF COMPLETION % COMPLETION TO DATE (~ AITAQK:6'l7 Lis.T) (Continue list on inset sheet, if necessary) 11. What equipment do you own that is available for the work? EXcAVA~ I L.o~tL { ~W6~ ( WAT6J2-t"~@'k I 13uLLWZee 'BoBQA't -e,~k {rlo6, MILL MMHiN.t: t i?oLl6e, Tl2Mk T~ VlJlVW "T e.wFS . 12. What equipment will you purchase for the proposed work? NONE: NOTE: Attach additional sheets if required. If requested by the City, the Bidder shall furnish a notarized financial statement, references and other information, sufficiently comprehensive to permit an appraisal of his current financial condition. (SCE An-ACHe-V Lis\') ORIGINAL 05/08 Final Version 00420-2 05-4893 Conquest Engineering Group, Co. Projects in Progress References Amount Percentage of Completion Project Name: Marquis Project Address: 1100 Biscayne Blvd. Miami, FI 33132 General Contracto KM Plaza Construction Service GC Adress: 120 NE 27th Street, Suite 600, Miami Florida 33137 $ 1,263,802.92 95% Project Name: Riverfront Project Address: 90 SW 3rd Street, Miami FL 33131 General Contracto Miami River, LLC GC Adress: 848 Brickell Ave, Miami, FL 33131 $ 3,157,124.69 94% Project Name: NW 74th ST Intercahnge (415905-1-52-01) Project Address: Turnpike/ NW 74th Street General Contracto Condotte America Inc. GC Adress: 9200 So. Dadeland Blvd, Suite 225 Miami, FI 33156 $ 2,084,102.49 88% Project Name: Okeechobee Mainline Toll Plaza & NW 74th Street Interchange $ 2,084,102.49 88% Project Address: Turnpike Toll Plaza General Contracto Condotte America GC Adress: 9200 So. Dadeland Blvd, Suite 225 Miami, FI 33156 Project Name: Area 4 Basin E Phase I Project Address: SW 14 ST SW 19th Place Ft Lauderdale, FL General Contracto City of Fort Lauderdale GC Adress: 100 N. Andrew Ave., Fort Lauderdale, FL 33301 $ 737,387.62 80% Project Name: Area 4 Basin E Phase II Project Address: Davie Blvd & SW 28th Way, Fort Lauderdale, FL General Contracto City of Fort Lauderdale GC Adress: 100 N. Andrew Ave., Fort Lauderdale, FL 33301 $ 3,987,021.24 99% Project Name: River Oaks Basin C Project Address: SW 17 Ave & SW 20 S1. Fort Lauderdale, FL General Contracto City of Fort Lauderdale GC Adress: 100 N. Andrew Ave., Fort Lauderdale, FL 33301 $ 3,237,363.27 35% Project Name: River Oaks Basin E Project Address: SW 12 Ave & SW 20 S1. Fort Lauderdale, FL General Contracto City of Fort Lauderdale GC Adress: 100 N. Andrew Ave., Fort Lauderdale, FL 33301 $ 2,340,848.08 25% Project Name: Plantation Park Phase D Project Address: Broward Blvd &SW 63rd Terr General Contracto City of Plantation GC Adress: 400 NW 73 Ave Plantation, FL 33317 $ 1,860,851.10 15% OR\G\N~\\- & Project Name: Reuse Water Distribution System Area 2 Phase III $ 1,358,385.10 18% Project Address: NE 23 Ave between Atlantic Blvd & NE 6 ST and SE 23 Ave between Atlantic Blvd & SE 5 St General Contracto City of Pompano Beach GC Adress: 1190 NE 3er Ave, Building C, Pompano Beach, FL 33060 Project Name: Old Culter Road FM Replacement Phase II $ 493,949.00 0% Project Address: along Old Cutler Road between Snaper Creek Road and Matheson Hammock Park General Contracto City of Coral Gables GC Adress: 2800 SW 72 Ave Coral Gables, 33155 Project Name: 2008-2009 Annual Storm Drainage $ 1,065,249.26 10% Project Address: Various Locations on City of Fort Lauderdale General Contracto City of Fort Lauderdale GC Adress: 100 N. Andrew Ave., Fort Lauderdale, FL 33301 Project Name: SW 14st Place Infrastructure Improvements $ 1,141,903.00 0% Project Address: along SW 41 st Place and a portion of SW 41 st Street between Davie Road and SW 61 st Ave in Davie. General Contracto Town of Davie GC Adress: 6591 Orange Drive, Davie, Florida 33314 Project Name: Reclaimed Water Distribution System $ 789,084.00 10% ~ along Fernwood Rd between W. Mashta Dr and Harbor Dr in Project Address: Key Biscayne General Contracto Village of Key Biscayne GC Adress: 88 W. Mcintyre Street Key Biscayne, FL 33149 Total $ 25,601,174.26 ORIGINAL CONQUEST ENGINEERING GROUP COMPANY Financial Statements and Independent Accountants' Review Report December 31, 2007 and 2006 -.. ...-. ........ .. .... ...._-...". - ... ... ORIGINAL . CONQUEST ENGINEERING GROUP COlvIPANY TABLE OF CONTENTS Independent Accountants' Review Report.............., .......,..'.. . ,..'......... '" 2 Page Financial Statements: Balance Sheets, , . . . . , , . . . . , . . . . . . , : . . . , . . , , . . . . . , , . . , . , , . . . , . . . . . , . . . , , . . . , , . . . . . . . . Statements ofIncome and Retained Earnings....,....,........,.....,....,. ., Statements of Cash Flows. ., ... '" , ,.... , .. .., .. . ., . .. .. ... ..,., ,. .. .. '" , ,. .. ..., Notes to the Financial Statements...,.. ..,...... ..., .,.,....,. .....,..,........,.. Supplementary Information: Schedule of Earnings from Contracts,...,.,..,..,.,...........,................, Schedule of Contracts Completed,.."",.."....".,.,...........,.."....,."", Sched ule of Contracts in Progress. . . , . . . .. . .. . . , . .. . , . . . . . , . . . .. . .. . . . , . . . . , . . ,., General and Administrative Expenses..""..".,., .....,...,."..,......".,.... 3 4 5 6 - II ( 12 13 14 15 J, LABRADOR, P.A. CERTIFIED PUBLIC ACCOUNT ANTS Suite 302 85 Grand Canal Drive Miami, Florida 33144 lL tP', ~ )fj ~-o......o~.o... TEL. (305) 262-1600 FAX (305) 262-1601 E-mail: info@labrador-opa.com www.labrador-cpa.com MEMBERS: AMERICAN & FLORIDA INSTITUTES OF CERTIFIED PUBLIC ACCOUNTANTS NATIONAL ASSOCIATION OF CERTIFIED VAIIIA TION ANAl YSTS "INDEPENDENT ACCOUNTANTS' REVIEW REPORT" To the Stockholders CONQUEST ENGINEERING GROUP COMPANY .-We-ha-v.e-r-eview.ed-the--a.cco.mp.al1-yi.n.g._balanGe-Sheets_o.f_CONQlJ.E.SIBND:I~[EE.RIND_.D..RQUP. COMP ANY as of December 31, 2007 and 2006 and the related statements of income and retained earnings and cash flows for the years then ended, in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified .Public Accountants, All information included in these financial statements is the representation of the management of CONQUEST ENGINEERING GROUP COMPANY. .. A review consists principally of inquiries of company personnel and analytical procedures applied to financial data, It is substantially less in scope than an examination in accordance with generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statements taken as a whole, Accordingly, we do not express such an opullon. Based on our review, we are not aware of any material modifications that should be made to the accompanying financial statements in order for them to be in conformity with generally accepted accounting principles_ Our review was made for the purpose of expressing limited assurance that there are no material modifications that should be made to the financial statements in order for them to be in conformity with generally accepted accounting principles, The information contained on the schedules of earnings from contracts, completed contracts, contracts in progress and general imd administrative expenses is presented only for supplementary analysis purposes, Such information has been subjected to the same inquiry and analysis procedures applied in the review of the basic fmancial statements and we are not aware of any material modifications that should be made to them. /?A- .. 2 CONQUEST ENGINEERING GROUP COlvIPANY BALANCE SHEETS DECEMBER 31, ASSETS 2007 2006 CURRENT ASSETS Cash $ 647,183 $ 677,165 Contracts receivable 2,886,783 2,736,318 Costs and estimated earnings in excess of billings on uncompleted contracts 488,697 24,187 Total current assets 4,022,663 3,437,670 PROPERTY AND EQUIPMENT -:- NET 1,180,940 755,415 DUE FROM AFFILIATE 79,130 ., .-...--.--. ..-. -..-----.... . . - ... .__. -.... .-- ._-_._.... OTHER ASSETS 4,239 4,980 $ 5,207,842 $ 4,277,195 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Cwrent portion of long-term debt $ 280,136 $ 166,104 Accounts payable - trade 1,686,740 970,182 Accrued expenses 15,561 8,138 Billings in excess of costs and estimated earnings on uncompleted contracts 330,037 709,078 Total cwrent liabilities 2,312,474 1,853,502 LONG - TERM DEBT 588,015 400,491 DUETOSTOCKlIOLDERS 403,385 772,295 STOCKHOLDERS' EQUITY Common stock ~ 100 shares of $1 par value authorized, issued and outstandinR 100 100 Paid-in capital in excess of par 513,010 100,000 Retained earnings 1,390,858 1,150,807 1,903,968 1,250,907 $ 5,207,842 $ 4,277,195 Read Accountants' Review Report The accompanying notes are an integral part of this statement 3 CONQUEST ENGINEERING GROUP COl'v1PANY STATEMENTS OF INCOME AND RETAINED EARNINGS FOR THE YEARS ENDED DECEMBER 31, .2007 2006 Contract revenues earned $ 13,369,789 .$ 10,619,961 Cost of revenues earned 11,215,366 8,781,099 Gross profit 2,154,423 1,838,862 General and administrative expenses 1,346,946 1,144,092 Income from operations 807,477 694,770 Other income and (expenses) Interest income 8,428 12,060 r.r:~~~e_?~_~x p~_~s~_ (71,007) (31,828) _.. ----------.--. .., Net Income 744,898 675,002 Retained earnings at the beginning of the year 1,150,807 681,503 Di vidend distribution (504,847) (205,698) Retained earnings at the end of the year .$ 1,390,858 .$ 1,150,807 Read Accountants' Review Report The accompanying notes are an integral part of this statement 4 CONQUEST ENGINEERlNG GROUP COMPANY STA TEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2007 2006 Cash flows from operating activities: Net Income $ _ 744,898 $ 675,002 Adjustments to reconcile net income to cash provided by operating activities: Depreciation 198,265 109,574 Changes in assets and liabilities: Increase in contracts receivable (150,465) (581,227) Decrease (increase) in costs and estimated earnings in excess of billings on uncompleted contracts - (464,5 i 0) 262,482 Decrease (increase) in other assets 741 (4,130) Increase (decrease )in accounts payable 716,558 (536,060) increase (d-ecreaseJln accruea expenses. ---.. ..... ..... .-....... -.. "-'7-;473 - . - . ---(6-5-;-066) Increase (decrease) in billings in excess of costs and . estimated earnings on uncompleted contracts (379,041) 611,971 Cash flows provided by operating activities 673,869 472,546 Cash flows used in investing activities: .. Purchase of property and equipment (85,265) Cash flows provided by (used in) financing activities: Loans from sto.ckholders 44,09R 619,256 Repayment of loans (236,967) (171,490) Short-term borrowings (payments) (50,000) Borrowings (repayments) from affiliate 79,130 (21,343) Dividend distribution (504,847) (205,698) (618,586) 170,725 Net increase (decrease) in cash (29,982) 643,271 Cash at the beginning of the year 677,165 33,894 Cash at the end of the year $ 647,183 $ 677,165 Supplementary disclosure of cash flow information Non-monetary investing and financing transactions: Debt incurred to acquire equipment $ 538,524 $ 299,860 Cash paid for interest $ 71,007 $ 31,828 Read Accountants' Review Report The accompanying notes are an integral part ofthis statement 5 CONQUEST ENGINEERING GROUP COJv1PANY NOTES TO THE FINANCIAL STATEMENTS NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES . General The Company was incorporated under the laws of the State of Florida and began operations in April 2002. The Company was created for t.~e purpose of performing general construction contracts. All projects are located in the South Florida area. . Use ofestimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the fmancial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. . -ffevenue-"re-cognrnon-n._.. .0 ....... _. . -. .__.. . __Un". Contract revenue is recognized using the percentage-of-completion method. Under this method, the percentage of contract revenue to be recognized currently is computed as that percentage of estimated total revenue that incurred costs to date bear to total estimated costs, after giving effect to the most recent estimates of cost to complete. It is reasonably possible that changes in estimates may occur in the near term. Revisions in cost and revenue estimates are reflected in the period in which the facts which require the revision become known. When the revised cost estimates indicate a .Ioss on an individual contract, the total estimated loss is provided for currently in its entirety without regard to tpe percentage of completion. Contract costs include all direct material and labor and those indirect costs related to contract performance, such as indirect labor, supplies, equipment rental, repairs, and subcontractor costs. Selling, general, and administrative expenses are charged to operations as incurred, The asset "cost and estimated earnings in excess of billings On uncompleted contracts", represents revenues recognized in excess of amounts billed. The liability, "billings in excess of costs and estimated earnings on uncompleted contracts", represents billings in excess of revenues recognized, Long-Lived Assets Long-lived assets, such as property and equipment, are reviewed on an ongoing basis for impainnent based on comparison of carrying value against undiscounted future cash flows. If impairment is identified, the assets carrying amounts are adjusted to fair value. There were no such adjustments during the years ended December 31,2007 and 2006, Depreciation Depreciation is provided for on the straight-line method over the estimated useful lives of the assets. 6 .:. ! .. . CONQlJEST ENGINEERING GROUP COMPANY NOTES TO THE FINANCIAL STATEMENTS NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - CONTINUED Income Taxes The Company uses the percentage-of-completion method of reporting income from long- term construction contracts for fwancial statements purposes and the completed contract method for income tax purposes, The Company has elected, with the consent of its stockholders, to be taxed as an S corporation under the provisions of Section 1362 of the Internal Revenue Code and state laws, Under these provisions, the Company does not pay federal or state income taxes on its taxable income. Instead the stockholders are liable for individual income taxes on their respective share of the Company's income, ,. As-oTDeceffibe-r3T;'WCY7;-no wcome- Wl1rpassWoliglYlOLne Stoclcl1l51a:ers, A---ccortltITgty;' no distributions are expected for the purpose of satisfying the tax due from the S Corporation income, ~ Althollgh not accrued in the accompanying financial statements, the gross long term deferred federal income that could pass through to the stockholders at December 31, 2007 is as follows: s Deferred Difference in revenue recognition related to the conversion of percentage of completion to completed contract basis of acc01mting. $ 2,822,232 NOTE 2 - CONTRACTS RECEIVABLE Contracts receivable are as follows: 2007 2006 Billed Completed contracts Due $ 324,388 $ 413,958 Contracts in progress Due 1,260,637 1,475,237 Retainage 1,301,758 847,123 $ 2,886,783 $ 2,736,318 7 .. ; CONQUEST ENGINEERlNG GROUP COJ\1PANY NOTES TO THE FINANCIAL STATEMENTS NOTE 2 - CONTRACTS RECEIVABLE - CONTINUED Contracts receivable as of December 31, 2007 are aged as follow: 0- 30 days $ 1,175,189 31 - 60 days 29,572 61- 90 days 11,000 Over 91 days 369,264 Retainage 1,301,758 $ 2,886,783 The Company collected approximately $ 1,400,000 of the receivables tbrough February 12, 2008, NOTE 3 - COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS . Costs incurred on uncompleted contracts Estimated earnings 2007 $ 12,711,188 2,822,232 15,533,420 (15,374,760) $ 158,660 2006 $ 8,522,897 1,947,429 10,470,326 (11,155,217) $ (684,891) Less: billings to date , Costs and estimated earnings in excess of billings on uncompleted contracts $ 488,697 $ 24,187 Billings in excess of costs and estimated earnings on uncompleted contracts (330,037) (709,078) $ 158,660 $ (684,891) NOTE 4 - LINE OF CREDIT The Company has secured with corporate assets a line of credit of $ 1,000,000 bearing interest at the prime rate with a maturity date of May 31, 2008. As of December 31, 2007, there was no balance due by the Company under the line of credit. 8 . . CONQUEST ENGINEERlNG GROUP COMPANY NOTES TO THE FINANCIAL STATEMENTS NOTE 5 - BACKLOG The following is a reconciliation of backlog representing signed contracts in existence as of December 31: Balance at the beginning of the year New contracts and adjustments 2007 $ 6,694,924 19,271,436 25,966,360 (13,369,789) $ 12,596,571 2006 $ 3,786,538 13,528,347 17,314,885 (10,619,961) $ 6,694,924 Less: contract revenues earned for the year Balance at the end of the year . Tl:le-company-assensfDara.11-cont:rKctsc.<y5tpNtawrrg-m-th:c;fimmciaYstatenrem-fortlre- year- .. then ended December 31, 2007 have been included, NOTE 6 - PROPERTY AND EQUIPMENT . Depreciation for the years ended December 31, 2007 and 2006 was $ 198,265 and $ 109,574 respectively, Costs, accumulated depreciation, and estimated useful lives as of December 31,2007 and 2006 were as follows: Estimated Category useful lives 2007 2006 Heavy equipment 517Years $ 1,142,963 $ 661,394 Vehicles 5 Years 363,940 285,778 Leasehold improvements 39 Years 63,629 Office equipment 5 Years 1,589 1,160 1,572,121 948,332 Less: accumulated depreciation (391,1 81 ) (192,917) $ 1,180,940 $ 755,415 NOTE 7 - CONCENTRATION OF CREDIT RlSK The Company maintains its cash balances in financial institutions in Miami, Florida. The balances are insured by the Federal Deposit Insurance Corporation up to $100,000. These balances may at times exceed insured limits, The Company as of December31, 2007, had 84 % of their receivables with four customers, The Company as of December 31,2006, had 68 % of their receivables with four customers, 9 . . CONQUEST ENGINEERING GROUP COMPANY NOTES TO THE FINANCIAL STATEMENTS NOTE 8 -LONG-TERM DEBT The Company's long-term debt consists of the following: Equipment and vehicle loans payable in monthly installments ranging from $ 380 to $ 3,727 including interest at rates of 6.29 % to 15.24 %, and maturity dates from August 2008 to December 2012. 2007 2006 Less: current portion $ 868,1 5 1 (280,136) $ 588,015 $ 566,595 (166,1 04) $ 400,491 .FuturepTill-cipal-paym-eTIts--o-ft-h-es-e-netes-are-as-f0i-l~ws-: . ., Year 2008 2009 .2010 2011 2012 Amount $ 280,136 275,779 l82,272 87,326 42,638 $ 868,151 NOTE 9 - RELATED PARTY TRANSACTIONS The Company leases administrative offices, storage space and a parking facility from an entity owned by the Company's stockholders. The lease terms are on a month -to -month basis. Total rental payments made during the year ending December 31, 2007 were $ 168,975 of which $ 93,936 were to the rel3.ted entity. In the year ending December 31, 2006 the total rental payments were $ 128,364 of which $ 55,000 were to the related entity. The Company and these related companies mentioned above are not considered variable interest entities under F ASB Interpretation 46 - Consolidation of Variable Interest Entities. Accordingly, the accompanying financial statements have not been consolidated with these related companies. The Company's stockholders have lent $ 403,385 to the company under an unsecured note payable due on August 27,2009. ]0 ~ " CONQUEST ENGINEERING GROUP COMPANY NOTES TO THE FINANCIAL STATEMENTS NOTE 10 - MAJOR CUSTOMERS The Company earned revenues during the year ended December 31, 2007 from two customers that individually accounted for more than 10% of the total revenues earned during the year. Revenues earned from these customers amounted to $ 8,876,171 and $ 1,820,590. The Company earned revenues during the year ended December 3 1, 2006 from four customers that individually accounted for more than 10% of the total revenues earned during the year. Revenues earned from these customers amounted to $ 2,312,356, $ 2,241,178, $l,457,SI1 and $ 1,089,560. NOTE 11 - ASSIGNMENT OF RIGHTS AND PROPERTY UNDER INDEMNITY AGREEMENT . In order to procure a bonding line, the Company has assigned certain rights and property as collateral to secure its obligations under the indemnity agreement. These rights consist principally of rights under construction contracts, subcontracts, insurance policies and legal claims. The property assigned consists of all property and equ~pment, cash and accounts rp.,....a.~"'=1. hlp. J........'--',...-.1. V LlVJ.."-'. ~ NOTE 12 - COMMITMENTS AND CONTINGENCIES . Included in receivables is a claim in .excess of $ 288,000 by the Company against one of its clients for work done and completed which was billed in the normal course of business. The Company's management and legal counsel are of the opinion that the Company will prevail in its collection efforts based on the overall merits of the case and accordingly no provision for loss has been made. * * * * * This space has been left blank intentionally * * * * * ] ] ~ ;' II CONQUESTENGThffiERWGGROUPCOMTANY Schedule of Earnings from Contracts For the year ended December 3 1, 2007 (Read Accountants' Review Report) Contract Cost of Revenues Revenues Gross Earned Earned Profit Contracts completed during the year $ 2,037,918 $ 1,813,591 $ 224,327 Contracts in progress at the end of the year ]1,33],87] 9,401,775 1,930,096 ...$- ... n,J6p,1-W .. $--J1,2l-5,366. -$---- --.2,-15.4.,.423.. . . , ]2 4 ,. 1 0 0\ 0\ '" 0 c--- <n <n c--- '" <ot c--- 10 10 c--- c--- 00 '" N_ '" 0\ c--- N N :;- c- M ~ - M ",- '-D- c---- ...- '-D- o- ...- "'I.::; <n v (T) M ~ '" .--- o 0 '" 0 Op: ~ ..; ..., ..., ~ " 0 0 00 0\ oa FI .D 0 M 8 '" <n N '-D <n 0\ 00 0 0\ 8 ..., ""- <n 0 ... <n c--- 0 N <n " M- 0" '-D- c---- 0\- ",- '-D- ~ 0 ::> <n M ;) ~ '" 10 '" 00 M ~ M 00 M 00 "0 0 ;>- ~- " u ~ -0 ~ ~ ..., ..., " 0 0\ ~ '" '" M oa 0\ '" N c--- '" 00 -S ~ ~ 0\ N 00 0 ... 0\ 0\ ~ " "0 0\- 0" 10- ",- ~ 10- ",- ",- c---- 0 ::> ~ "-- Q ~ '0 10 FI c--- <t '" <t '" " M 00 M ~ 0 ;>- N " >'-l P:: ..., ...., '" '" 0\ '" c--- "" '0 ~ ~I FI c--- 0\ 0\ '" ,..., -: ... 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N X <:: -0 " <l <n E co 0 ;::J 0 ~ 0 ::iE 0 ~ ~ 0 ~ P:: U U N C/) 13 4 " , . ~ p.. ~ o u "2 ~ ~ fr 00 "" ~~{':t b.~ ~.~ Q (J -'C:: ~ g ~-E ~<'1 a E g ~ 0 " 000 r... ~ Q ~ u~ <( @~ ] c-. '" "" C/) ~ p.j ;:> CY Z o u - ~ ~ o o N M ~ ~ .a ~ o ~ ~ 1 -0 ~~g- 'S: E ';:; ~-~'8'8 ~ g N -" ~ A ~ u c ~ -0 ~ <; '" t;:: E 0 0 '.= 0 ~ "' g g U .. ~ ~~j E e _ ';: 0 i.;< U1 e '" ~ u ~~ ~8 ~ ~ ~ ~ ~ ~ ~ 6 ~ ~ N ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ v ~ ~ ~ ~ ~ ~ ~ ~ ~ N ~ ~ ~ ~ ~ ~ $ ~ ~ :& 0\ g& V ~. i ~. ~& r-- N r;-." ~. g& ~. i ~ j o > U~ ~ ~ N N ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 00 ~ ~ ~ ~ ~ ~ g ~ ~ ~ ~ ~ ~ ~ ~ ~ S ~ g ~ ~ ~ ~ g ~ ~ ~ ~ N- u~ " ~ ~ ~ ~'" 8 ~ ~ ~ ~ ~ g ~ : ~ ~ ~ ~ ~ ~. ~. r- :;J N ~. N ~ r;;" ~. 0\ ~f ~. ~. ~. N- '" ~ ~ N M ~ 'OJ- ~ ~. o. ~ ~ '" N :;:- ~ ~ ~- ~ N ~- ~ 5l ~. '" N o 5=: :::; '" <;;- ~. ~ 00" ~ ~ ~ ~ ~ ~ ~ ~ ~ ; ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~.S ~ ~ ~.~ ~ 0 ~ M o ~ ~ ~Q '" ~ 8 ~ ~ ~:: ~ ~ ~- ;:- ~- ~. ~- ~~ ~ N' :~r-~~; ~- ~. ~- ~- ~- ~ -,-" o 0 DP: ~ g ~ : ~ M ~ : ~ ~ ~ : ~.~ {' ..... ~ ~ ~- g- r--- ~ ~- r- N .....- ~. ~if ~. ~ ~ ~ o " ;; s o > Uc:! ~ ~ ~ ~ ~ ~ ~ ~ 8 ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ g ~ ~ ~ ~ 'N ~ N ~ ~ ~ ~ ~'" ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ : ~- ~ ~~ ~- ~- ~ ~r ~- ~ g;" ~. ~. ~- ;: ~- NO N" nO ~ ~ ~ ~ ~ ~ ~ v ~ ~ ~ ~ ~ ~ ~ ~. ~- ~. ~- 0 ~- g QQ" ~- ~- ~ ~. r;;- ~ ~- -0 U to "Ui E 0 .= U "' s ~ : '" ~ ~ ~ '" : ~ ~ ~",g ~ ~ : M 'C ~. 0\ ~ S ~~ ~. \0 ,-, o::~ 0, ~ ~. ~ ~- r"'.- N- t;">4~ ~ ~ c > ~ ~ ~ ~ ~ ~ : ~ ~ ~ ~ ~ ~ ~ v ; ~ ~- ~~ ~~ E~ ~- E~ ~~ ~~ ChNN~ ~~ ~~ ~. ~ C'...t N' f""I. f"'; r<1~ ,~ II .0 p':; .~ ~ o U ~ .~ c: ~ E 0 i ~~< ii:~C~ g > C',~ U ~ ~ ~ ~ ~ &>'i:: cii (ll ..<::: c:; "" c;) "'0 ~.~ ~ : ~ .~ ~ : ~ ] ] ~ .5 i] ~ ~ ~ f '" ; i j ~ ! J jljiij~ j~~~ig ;; -" I 8 ~ k ]4 ~ '" o ~ ~ ~ ~ ~- '" '" o ~ '" ~ n .,.,- ~ ~ o ~ ~ :1 ~ ~ ~ N 5l ~ ~ ~ N N N N N' ~ -. ~ '" o N ~ '" ~ 00 :;:- '" o ~ '" '" '" ~ ~ ;/ u ~ ;; o U F I CONQUEST ENGINEERrNG GROUP CO:MP ANY I GENERAL AND ADMINISTRA TIVE EXPENSES FOR THE YEARS ENDED DECEMBER 31, 2007 2006 Advertising $ 8,627 $ 8,009 Automobile expenses 58,965 62,964 Bad debt l47,376 Bank charges 25,385 13,525 Dues and subscriptions 4,829 1,255 Insurance 125,816 90, 1 25 Miscellaneous 62,828 27,399 Office supplies 70,653 67,748 Payroll taxes 41,434 30,480 Penalties 19,569 23,440 Professional fees 143,583 73,435 Rent 168,975 128,364 Repairs and maintenance 8,456 19,500 . Salaries - Officers 217,512 120,000 ~ Salaries - Office 324,111 278,438 " Telephone 40,046 37,005 ~ Travel and entertainment 6,770 1,352 Utilities 19,387 13,677 $ 1,346,946 $ 1,144,092 Read Accountants' Review Report i ]5 - .. I t LIST OF SUBCONTRACTORS The Bidder SHALL list below the name and address of each Subcontractor who will perform work under this Contract in excess of one-half percent of the total bid price, and shall also list the portion of the work which will be done by such Subcontractor. After the opening of Proposals, changes or substitutions will be allowed with written approval of the City of Sunny Isles Beach. Subcontractors must be properly licensed. Work to be Performed 1. ASPt-tAL..T TNsTAUATiCN 2. &N~6 r:Nsr~TiON 3. 9iGNAG6 QNO<9>Tt2.\PtNG 4. ~\Q.r QAl:- ~(2..6€T LiGr{Tf ^IS 5. Li F=T" gTATieN r , NIA . 6. I . , 7. N/A I 8. N/A f 9. N/A I 10. N/A I Subcontractor's Name/Address CoflN'l..VNrrv AsPflA~T (!o~ 14005t.J,t,.\J. lewt1..gT HtAlEAH fL 330'6 I HOMtsTEAV TAviNG en. / 14550 MAIBl.e ~-r: NAe.AAUA1 fL 33052 AlL 'Pt20R5sigNAL 9rei0N~,7NC/ , IGf 25 S.y(/. , 97 gr,. M lAM (t n. 33/71 UNIT6D ~ I LLC. / I J2.50&TAWNiA AVt:. 9virE504 0ot?Al~ H.oetDA urr STAIIOIJS (!/J.I2E / n .33134- , Q418NwSoorH13l/Ef!.7J12.. MIMI/I: 7I..~/ao ",fA , AlIA I N/A / II/A I N/A I NOTE: Attach additional sheets if required. 00/(::/ I\/U/J\jAf 1..... 05/08 Final Version 00420-3 05-4893 ,.