IV. Technical Findings
This section summarizes the results of our review of the proposed Bond Improvements with respect to appropriateness of construction cost and schedule, Bond Improvements constructability, environmental and permitting requirements, technology dependence, functionality when completed, and risks of cost increases and delay.
A. EPC Contract/Scope of Services
Based on our firm's experience on comparable projects, it is our opinion that the Engineering-Procurement-Construction ("EPC") Contractor possesses the expertise to construct the Bond Improvements for the EPC Price and by the Contract Time established in the EPC Contract.
The following summarizes our review with respect to the EPC Contract and Scope of Services.
1. EPC Contractor
Morrison Knudsen Corporation (the "EPC Contractor", or "MK") was selected based on a competitive bid process. The EPC Contractor is an international company serving the world's heavy construction, environmental, industrial, mining, operations and maintenance, power, process and transportation markets as an engineer and constructor. The EPC Contractor has built such projects as the downtown Seattle Transit Project (Washington); Boston Third Harbor Tunnel Project; (Massachusetts), Port of Los Angeles Berths, 212-216, Backlands Improvements (California); Tasman Corridor Project (California); Guadalupe Corridor Light 1991 Rail Transit System (California); Baltimore Central Light Rail Line (Maryland); and Route 895 Bridge Over James River (Virginia).
The MK team also includes Parsons Brinckerhoff Quade and Douglas, Inc. ("Parsons Brinkerhoff") as design consultants, as well numerous other subconsultants performing in their respective specialty areas. As stated in the MK proposal, Parsons Brinkerhoff has recently participated in planning, design and construction management services for more than 200 marine facilities in over 50 countries. They have conducted master plans and designs for
