Dept/ Agency: Engineering Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Bid Contract Purpose: Broad Street at South Street, Tichenor Street and Lincoln Park Pedestrian Safety Project Entity Name: Berto Construction Inc. Entity Address: 625 Leesville Avenue, Rahway, New Jersey 07065 Contract Amount: An amount not to exceed $2,263,406.89 Funding Source: Federal Highway Authority/NJ Department of Transportation Contract Period: 365 consecutive calendar days from the issuance of a formal Notice to Proceed by the Director of the Department of Engineering Contract Basis: ( X ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( ) n/a Additional Information: Bids Solicited: Bids Received: (1) Bids Rejected: Bids Re-Solicited: Bids Received: Grant award was for $2,662,843. Contract amount is$2,263,406.89. The $399,436.19 is being reserved for change orders.