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Rhonda Adloo - Fwd: RE: Bridge Incentive Southwestern Blvd.
From:Ken Griffin
To:Rhonda Adloo
Date:12/23/2008 4:10 PM
Subject:Fwd: RE: Bridge Incentive Southwestern Blvd.
Attachments:Incentive Bonus Southwestern Bridge Closure.xls
>>> Ken Griffin 11/14/2008 3:20 PM >>>
Ben
I've attached the bridge incentive concept.
If you have any questions, please contact me at your convenience.
Ken Griffin
file://C:\Documents and Settings\radloo\Local Settings\Temp\XPgrpwise\49510D88City_o...8/26/2009
(8/26/2009) Rhonda Adloo - Incentive Bonus Southwestern Bridge Closure.xlsPage 1
Bonus Eligibility Chart
unimpeded two way traffic on bridge
Definition for completion and bonus eligibility is -
0 days120 days150 days180 days
Liquidated
$1,000 per day bonus for completion before 120 days plus $750 per day bonus for $500 per day bonus for
damages of
the $22,500 for days 120 through 150 plus the $15,000 completion before 150 completion before 180
$2000 per
bonus for days 150 through 180daysdays
day
Example #1: Bridge opened to two way traffic on the 89th day - Bonus would be (120 - 89) x $1,500 plus
(150 - 120) x $750 plus (180 - 150) x $500 for a total bonus of $84,000.
Example #2: Bridge opened to two way traffic on the 130th day - Bonus would be (150 - 130) x $750 plus
(180 - 150) x $500 for a total bonus of $30,000.
Example #3: Bridge opened to two way traffic on the 190th day - Liqudated damages would be (190 - 180) x
$2,000 for a total liquidated damage of $20,000.