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Terminal 5 Update June 2019

This document provides an update on the Terminal 5 Modernization Program. It discusses recent events in the second quarter of 2019 including bid results and contract execution. It outlines the program budget and schedule through 2023, noting challenges with phase 1 construction and upland design/permit timelines. The document also reviews management reserve use, budget oversight processes, and next steps through 2022 including an open house and groundbreaking event.

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WestSeattleBlog
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22K views

Terminal 5 Update June 2019

This document provides an update on the Terminal 5 Modernization Program. It discusses recent events in the second quarter of 2019 including bid results and contract execution. It outlines the program budget and schedule through 2023, noting challenges with phase 1 construction and upland design/permit timelines. The document also reviews management reserve use, budget oversight processes, and next steps through 2022 including an open house and groundbreaking event.

Uploaded by

WestSeattleBlog
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Item No.

: 6A
Date of Meeting: June 4, 2019

Terminal 5
Modernization

Program Update

June 4, 2019
1
AGENDA
Terminal 5 Modernization Program

• Program Overview
• 2019 Quarter 2 News
• Management Reserve
• Budget
• Schedule
• Challenges
• Accomplishments
• Look Ahead

2
Terminal 5 – Program Overview
Berth Modernization Project:
• Crane Rails
Berth Deepening
• Dock Rehabilitation
• Slope Stabilization Dock Strengthening

• Berth Deepening Power Upgrades

• Power Supply/Distribution
Uplands Improvement
Project:
• Stormwater
• Marine Buildings
• Permit Conditions
• Lease Obligations

3
Terminal 5 – 2019 Quarter 2 News
• Bid Results
• 5 bids received 4/24/2019
• Range: $159,986,390 to $200,653,420
• Average: $173,632,082 (-6%)
• Engineer’s Estimate (EE): $184,004,129
• Executed Contract
• Signed 5/20/2019 with Orion Marine Contractors, Inc.
• Seattle City Light (SCL) Equipment Order
• 4/30/2019 submitted order of all materials
• Moved Port construction offices into administration building
• Matson Operations
• Initial vessel call on 4/26/19
• Kaimana Hila newest vessel celebration on 5/3/19

List of recent events


4
Terminal 5 – Management Reserve
• What types of changes qualify for Management Reserve?
• Major scope changes
• Longshore Breakrooms ($3.8M)
• Significant changes in site conditions or schedule

• How will Management Reserve be authorized?


• Requests submitted to project sponsor (Tong Zhu) for approval
• Approval documented and reported quarterly

• How will we keep Managing Members informed of progress?


• Quarterly reports and/or presentations
• Reported use of Management Reserve

Key Questions about Management Reserve 5


Terminal 5 - Budget
2019 Quarter 2 Prior Quarter 2 Current Spent to
Remaining
Program Budget Budget Changes Budget Date
Construction $251.0 $ 3.1 $254.1 $ - $ 254.1
Design and Project
$ 25.0 $ 0.7 $ 25.7 $ 14.8 $ 10.9
Management
Permit Conditions $ 14.0 $ - $ 14.0 $ 2.4 $ 11.6
Stormwater Reserve $ 30.0 $ - $ 30.0 $ - $ 30.0
Management Reserve $ 20.0 $ (3.8) $ 16.2 $ - $ 16.2
Total $340.0 $ - $340.0 $ 17.2 $ 322.8

$400.0

$350.0
Management Reserve
$300.0
Stormwater Reserve
$250.0

$200.0 Permit Conditions

$150.0
Design and Project
$100.0 Management

$50.0 Construction

$-
1

6
Terminal 5 – Schedule and Phasing

2019 2020 2021 2022 2023


Begin North
Berth Operations

Berth Modernization Project


PRE- CONSTRUCTION CONSTRUCTION PROJECT
PHASE 1 TRANSITION
CONSTRUCTION PHASE 2 COMPLETION

Uplands Improvement Project

DESIGN/PERMIT PHASED CONSTRUCTION

In-water work windows

Schedule and phasing over next 4 years 7


Terminal 5 – Challenges

• Phase 1 Construction Schedule


• 1 month for wharf demolition (7/15/19 – 8/15/19)
• 6 months for in-water work (8/15/19 – 2/15/19)
• 10 months for primary substation (7/1/19 – 5/1/20)

• Design & Permit Schedule for Upland Improvements


• Longshore breakroom buildings
• Permit conditions
• Stormwater treatment system (tenant)
• Paving and RTG runways (tenant)

Schedule challenges for Phase 1 and Uplands 8


Terminal 5 – POS Budget Oversight
• Quarterly Reporting
• Monthly actuals monitored against budgets & reported quarterly to Commission
• Commitment Control
• Keeps spending within authorized budget limits
• Project Reports
• Provide real time visibility into expenses, encumbrances/purchase orders and available
project budget balances
• Internal Controls
• On all procurement, contracting and disbursements
• Ensures oversight through delegation of authority, separation of duties, payment approval
and documentation, and signed perjury statement certifications for all payments
• Audits
• Internal audits and annual external audits by both State Auditor’s Office and Port
independent auditors
• Comprehensive Policies
• Capital/expense determination, overhead calculations along with proper inventory and
disposal procedures
• Project management teams and Accounting staff compliance ensures proper asset
classifications, lives and retirements

Key elements of budget oversight


9
Terminal 5 – Next Steps
Open House 6/22/2019

Ground Breaking Event 7/10/2019

Contractor Mobilization late-June to mid-July

Construction late-July through 2022

Design Longshore Breakrooms

Submit Quiet Zone to FRA

Design Roadway Improvements

Quarterly Update in September 2019

Upcoming events and activities


10

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