Bond Construction Bond Construction UpdateUpdateCitizens’ Oversight Citizens’ Oversight CommitteeCommittee

Bond Construction Bond Construction UpdateUpdateCitizens’ Oversight Citizens’ Oversight CommitteeCommittee

Long Beach Community College DistrictNovember 1, 2007

BUILDING TOMORROW TODAY

Cordoba Corporation

Agenda Completed Construction Projects Current & Upcoming Construction Projects

South Quad Complex Structure LAC Central Plant Structure LAC Learning Resources Center – Structure LAC Building R, Men’s Gymnasium Renovation PCC Central Plant PCC Learning Resources Center PCC Industrial Tech Phase 1

Q & A

Completed Construction Projects

PCC Industrial Technology Center Phase 2 – 7/07

PCC Central Plant Utilities, LAC Central Plant & SQC Utilities – 6/07

LAC/LRC Interim – 5/07 East Campus Demo – 12/06

LAC Men’s Gym Façade Replacement (FEMA & Insurance Funded) – 8/06

LAC/LRC Utilities – 6/06 PCC CDC – 4/06 Men’s Gym Boiler

Replacement – 4/06 LAC Athletic Field – 3/06 District Facilities &

Warehouse Complex – 1/06

Various Projects – Completed in 2006 & 2007Various Projects – Completed in 2006 & 2007

LAC Facility Site Plan

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Current and UpcomingConstruction Projects

Part of Infrastructure Master Plan Improvements

Awarded to Siemens on DBOM Contract

Construction 31% Complete Completion Anticipated

Summer 2008

LAC Central Plant – StructureLAC Central Plant – Structure

Current and UpcomingConstruction Projects

Construction 20% Complete

Utility Installation Complete Under Previous Phase (Bid Pkg. #1)

Completion First Quarter 2009

LAC/Learning Resources Center – StructureLAC/Learning Resources Center – Structure

Current and UpcomingConstruction Projects

Original floor and bleachers removed

New sprung wood flooring system

Lettering, graphics and game lines applied to the new floor system

New telescopic bleachers installed on both the main floor and the mezzanine level

Interior of the gym painted

Lamps replaced for new fixtures and electrical capabilities added

LAC Building R, Men’s Gymnasium RenovationLAC Building R, Men’s Gymnasium Renovation

Current and UpcomingConstruction Projects

Construction Approx. 44% Complete

Additional Modern Classrooms, Multi-purpose Rm., Offices, etc.

Shifts Campus Center South of Carson off Lew Davis

Completion Summer 2008

South Quad Complex Structure (Bid Pkg. #3)South Quad Complex Structure (Bid Pkg. #3)

PCC Facility Site Plan

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Current and UpcomingConstruction Projects

Part of Infrastructure Master Plan Improvements

Early Utility Package Construction Complete

DBOM Contract Awarded to Siemens; Finalizing Value Engineering Negotiations

Construction Approximately 5% Complete

Completion Summer 2008

PCC Central PlantPCC Central Plant

Current and UpcomingConstruction Projects

Construction 32% Complete

Modern Facility with Computer Lab and Multimedia

Expanded Facility Bridge to Bldg. EE Art Deco Style Completion Winter

2008

PCC Learning Resources CenterPCC Learning Resources Center

Current and UpcomingConstruction Projects

Replaces Existing Antiquated Structures

Construction Begun Modern Facility Houses

Machine Tool and Welding Departments

New Campus “Bookend” Completion Winter 2008

PCC Industrial Technology Center Phase 1PCC Industrial Technology Center Phase 1

Escalation Trends – per Leland Saylor Associates

The latest update of our TBD Bid Index (for the second quarter of 2007) still shows bid prices rising, but not as steeply as during the past couple of years.

Does this mean that we have reached a peak in the recent price increases? It may be rather

premature to suggest that. History doesn’t always repeat itself, but it doesn’t hurt to consult it, so we looked back over the past 35 years at how escalation rates had changed. Unfortunately our own index only goes back to the start of 2003, so we looked elsewhere for the comparisons, specifically to the ENR’s Building Cost Index and to Saylor’s Subcontractor Index. The former is national in its context and looks at changes in a specific basket of materials and union labor rates. The latter index is California based and looks at particular subcontractor prices, so it is more a gauge of bid prices.

QUESTIONS & ANSWERS

Prepared byBond Management Team

November 1, 2007

BUILDING TOMORROW TODAY

Cordoba Corporation