Loading...
HomeMy WebLinkAboutHerbert Walkup Pipeline Replacement - Bid Book (1)_RedactedADDENDUM NO. 1 SPECIFICATIONS ;►9 CONTRACT DOCUMENTS FOR 2024 HERBERT WALKUP PIPELINE REPLACEMENT PROJECT South Tahoe Public Utility District South Lake Tahoe, California November 16, 2023 GENERAL NOTES: The Line Items in Planet Bids have been updated to reflect the four additional alternate bid items added by this Addendum No. 1. The Mandatory Pre -Bid Sign in Sheets have been uploaded to Planet Bids. Only general contractors who signed in at the mandatory pre -bid may have their bids found responsive. The Mandatory Pre -Bid Agenda has also been uploaded to Planet Bids. THE FOLLOWING CHANGES ARE TO BE MADE TO THE PLANS: 1. None. THE FOLLOWING CHANGES ARE TO BE MADE TO THE SPECIFICATIONS: 2. Section 00 10 00, Invitation to Bid, Page 1 REPLACE: "Electronic Bids will be received until 2:00 p.m., Wednesday, December 13, 2023." WITH: "Electronic Bids will be received until 2:00 p.m., Friday, December 16, 2023." 3. Section 00 20 00, Instructions for Procurement, Part 3.16.A REPLACE: "Time for Submitting Protests:.A protest regarding Bid opening procedures, Bids, or the selection of the Successful Bidder shall be submitted in writing, by the protesting Bidder to the District, so that the protest is received by the District within 7 calendar days after Bid opening." WITH: "Time for Submitting Protests: A protest regarding Bid opening procedures, Bids, or the selection of the Successful Bidder shall be submitted in writing, by the protesting Bidder to the District, so that the protest is received by the District within 5 calendar days after Bid opening." 4. Section 00 4100, Bid Forms, DESCRIPTION OF BID ITEMS, Page 35, after Bid Item 58 ADD: "Bid Item 59 — Waterline Add for American Iron and Steel (AIS) Requirements: includes but is not limited to: full compensation for incremental additional cost to procure and install within the Contract Time all waterline related AIS- compliant iron and steel products, instead of the standard foreign and domestic iron and steel products included in the Base Bid, including material purchasing costs and additional supplier and contractor overhead costs for tracking and submitting all required documentation associated with AIS compliance as required by the specifications. No additional time contract time will be granted in association with this bid item and any anticipated cost differential for acceleration of work due to delayed product delivery or scheduling impacts shall be accounted for in this bid item. This bid item is an additive alternate. If this bid item is awarded, Specification Section 00 74 00, Grant Conditions, Part 2.01, American Iron and Steel 2 Clauses shall be enforced. Please reference this section for a listing of products which are commonly subject to AIS requirements. The CONTRACTOR'S payment for this item shall be by the lump sum. Bid Item 60 — Waterline Add for Build America, Buv America (BABA) Reauirements: includes but is not limited to: full compensation for incremental additional cost to procure and install within the Contract Time all waterline related BABA -compliant manufactured goods and construction materials, instead of the standard foreign and domestic manufactured goods and construction materials included in the Base Bid, including material purchasing costs and additional supplier and contractor overhead costs for tracking and submitting all required documentation associated with BABA compliance as required by the specifications that are in addition to the AIS requirements under Bid Item 59. No additional time contract time will be granted in association with this bid item and any anticipated cost differential for acceleration of work due to delayed product delivery or other scheduling impacts shall be accounted for in this bid item. This bid item is an additive alternate and may be awarded in addition to Bid Item 59. This alternate will not be awarded alone if Bid Item 59 is not awarded. If this bid item is awarded, Specification Section 00 74 00, Grant Conditions, Part 2.02, Build America, Buy America (BABA) Clauses shall be enforced. Please reference the Build America, Buy America Guidance from EPA which is included in the Reports section of the specifications for further information regarding the definition of manufactured products and construction materials which are subject to BABA requirements. Please also refer to this document for further information regarding required tracking and certifications. The CONTRACTOR'S payment for this item shall be by the lump sum. Bid Item 61 — Sewerline Add for American Iron and Steel (AIS ReVrements: includes but is not limited to: full compensation for incrementa additional cost to procure and install within the Contract Time all sewerline related AIS-compliant iron and steel products, instead of the standard foreign and domestic iron and steel products included in the Base Bid, including material purchasing costs and additional supplier and contractor overhead costs for tracking and submitting all required documentation associated with AIS compliance as required by the specifications. No additional time contract time will be granted in association with this bid item and any anticipated cost differential for acceleration of work due to delayed product delivery or scheduling impacts shall be accounted for in this bid item. This bid item is an additive alternate. If this bid item is awarded, Specification Section 00 74 00, Grant Conditions, Part 2.01, American Iron and Steel Clauses shall be enforced. Please reference this section for a listing of products which are commonly subject to AIS requirements. The CONTRACTOR'S payment for this item shall be by the lump sum. Bid Item 62 — Sewerline Add for Build America. Buv America (BABA) Reauirements: includes but is not limited to: full compensation for incremental additional cost to procure and install within the Contract Time all sewerline related BABA -compliant manufactured goods and construction materials, instead of the standard foreign and domestic manufactured goods and construction materials included in the Base Bid, including material purchasing costs and additional supplier and contractor overhead costs for tracking and submitting all required documentation associated with BABA compliance as required by the specifications that are in addition to the AIS requirements under Bid Item 59. No additional time contract time will be granted in association with this bid item and any anticipated cost differential for acceleration of work due to delayed product delivery or other scheduling impacts shall be accounted for in this bid item. This bid item is an additive alternate and may be awarded in addition to Bid Item 61. This alternate will not be awarded alone if Bid Item 61 is not awarded. If this bid item is awarded, Specification Section 00 74 00, Grant Conditions, Part 2.02, Build America, Buy America (BABA) Clauses shall be enforced. Please reference the Build America, Buy America Guidance from EPA which is included in the Reports section of the specifications for further information regarding the definition of manufactured products and construction materials which are subject to BABA requirements. Please also refer to this document for further information regarding required tracking and certifications. The CONTRACTOR'S payment for this item shall be by the lump sum." This Addendum No. 1, pages 1 through 4, shall become part of the Contract and all provisions of the Contract shall apply therein. The date and time for the Bid Opening has changed. The time provided for the completion of the Contract has not changed. SOUTH TAHOE PUBLIC UTILITY DISTRICT Brent Goligoski, P.E. Associate Engineer Ph. (530) 543-6209 November 16, 2023 4 ADDENDUM NO. 2 SPECIFICATIONS AND CONTRACT DOCUMENTS FOR 2024 HERBERT WALKUP PIPELINE REPLACEMENT PROJECT South Tahoe Public Utility District South Lake Tahoe, California December 6, 2023 GENERAL NOTES: The Questions and Answers shown on Planet Bids have been attached to this addendum, 2 pages. THE FOLLOWING CHANGES ARE TO BE MADE TO THE PLANS: 1. Plan Sheet P18, Keynote 7 REPLACE: "PROVIDE SINGLE 4" WATER SERVICE ON NEW MAIN AND CONNECT TO EXISTING METER (WS01/D2)" WITH: "PROVIDE SINGLE 4" WATER SERVICE ON NEW MAIN AND CONNECT TO EXISTING FIRE SERVICE, SEE DETAIL 2 AND NOTE 5 THIS SHEET" THE FOLLOWING CHANGES ARE TO BE MADE TO THE SPECIFICATIONS: 2. Section 00 10 00, Invitation to Bid, Pagel REPLACE: "After electronic bidding, each bidder shall submit their original Bid Forms to South Tahoe Public Utility District at 1275 Meadow Crest Drive, South Lake Tahoe, California by 4 P.M on Friday, December 15, 2023. WITH: "After electronic bidding, each bidder shall submit their original Bid Forms to South Tahoe Public Utility District at 1275 Meadow Crest Drive, South Lake Tahoe, California by 2 P.M on Tuesday, December 19, 2023." 3. Section 00 74 00, Grant Conditions ADD: Davis -Bacon CA20230007 Wage Determination dated 11/17/2023 (attached 23 pages). 4. Section 33 05 05.30, Sewer System Testing, Part 3.03.E REPLACE: "B. After the Mandrel Test, an infiltration or exfiltration test shall be required. 1. An infiltration test shall be used when, through dewatering efforts, field observation, or via monitoring well, it is determined that groundwater is 5 feet or more above the crown of pipe at the midpoint of the test section. All pipes leading into the specified sewer test section shall be completely plugged by the Contractor with mechanical stoppers so that no water introduced into the section can escape through the mains, branch sewers or service laterals. Conduct in accordance with ASTM C1091 Standard Test Method for Hydrostatic Infiltration Testing of Vitrified Clay Pipe Lines, as follows: a. Cease dewatering activities for at least 3 days for the pipe section to be tested. b. Plug the upstream end of the pipeline to be tested to prevent the entrance of water or wastewater, while providing any required bypass pumping. 2 c. Measure volume of infiltration, with the maximum rate or volume of groundwater entering the pipe as follows: E = 0.00002*L*D" (H)^0.5 Where: L: Length of pipeline (ft) E: Allowable leakage in gallons per minute of pipeline tested D: Internal diameter of the pipe (in) H: Difference in elevation (ft) between the water surface in the upper manhole and the invert of the pipe at the lower manhole; or, if groundwater is present above the invert of the pipe in the lower manhole, the difference in elevation between the water surface in the upper manhole and the groundwater at the lower manhole. 2. Exfiltration Test: Where the sewer line is above the water table, an exfiltration test shall be used. a. All pipes leading into the specked sewer test section shall be completely plugged by the Contractor with mechanical stoppers so that no water introduced into the section can escape through the mains, branch sewers or service laterals. b. The Contractor shall then fill the test section with water and continue to introduce water into the section until a static head of water five feet (6) above the top of the pipe or pipes at the most elevated point of the test section has been established. c. The Contractor shall then measure and record at approved periodic intervals a total test time of not less than four (4) hours, the volume of water added to the test section in order to maintain a total static head of water five feet (S) above the highest top of pipe elevation. d. A single manhole section shall not be acceptable if the exfiltration from it exceeds the rate of fifty (50) gallons per inch nominal diameter of main pipe per mile of length in twenty four (24) hours. e. A group of one (1) or more manhole sections, or the complete system of sections as an average, shall not be acceptable if the exfiltration from them exceeds the rate of fifty (50) gallons per inch nominal diameter of main pipe per mile of length in twenty four (24) hours. WITH: "Not Used" 3 5. Section 33 05 05.30, Sewer System Testing, Part 3.04 REPLACE: "3.04 TESTING FOR MANHOLES A vacuum test or exfiltration test shall be used for testing manholes, as follows: B. Vacuum Test: 1. Procedures outlined in ASTM C1244 should be followed while completing the vacuum test. 2. Use acceptable equipment approved by the District. Vacuum test equipment shall be used per the manufacturer's specifications. 3. A vacuum of 10-inches mercury should be drawn on the manhole. The time, in seconds, for the vacuum to drop to 9-inches mercury shall be measured and shall not be less than the times listed below for manholes. Manhole Diameter Time (in) (s) 60 48 75 60 90 72 4. Manholes showing leakage in excess of that allowed (time less than that indicated in table) shall be repaired or reconstructed as necessary to reduce the leakage to that specified. All failures shall be retested after the necessary repairs have been completed. C. Manhole Exfiltration Test 1. Water tightness of manholes may be tested in connection with tests of sanitary sewers or at the time the manhole is completed and backfilled. The test shall be as follows: 2. The contractor shall plug all inlets and outlets with approved stoppers or plugs. 3. The manhole shall be filled with water to the top of the frame. 4. The water shall stand in the manhole for a minimum of one hour to allow the manhole material to reach maximum absorption. 5. The contractor shall refill the manhole to the original depth. 6. The time of the test will be determined by the District to fit the various field conditions. 7. The manhole shall be refilled to the original depth and the amount of water required to fill the manhole shall be recorded after a minimum of four (4) hours. B. If the amount of water added does not exceed the limits shown in Table II, then the manhole has passed the test. Even though the leakage may be less than the specified amount, the contractor shall stop any leaks that may be observed to the satisfaction of the District. 4 TABLE II — Manhole ExfiItration Volumes Depth of Manhole (ft.) 0-5 6-7 8-10 11-12 13-15 16-18 19-20 WITH: "Not Used" Allowable Amount of water added (gal.) 1 1-112 2 2-112 3 3-112 4 This Addendum No. 2, pages 1 through 30, shall become part of the Contract and all provisions of the Contract shall apply therein. The date and time for the Bid Opening has not changed. The time provided for the completion of the Contract has not changed. SOUTH TAHOE PUBLIC UTILITY DISTRICT Brent Goligoski, P.E. Associate Engineer Ph. (530) 543-6209 December 6, 2023 5 Questions and Answers during Bid Period for 2024 Herbert Walkup Pipeline Replacement Project Set Question Answer For the 2024 Herbert Walkup Pipeline Replacement Project, today is the 30 day deadline for sending out solicitations. Will the solicitations only be to the SBA and/or MBDA? Will there be any DVBE/MBE/WBE/DBE specific solicitations? I can use the information provided on the Job Description for the SBA/MBDA posting but without the Specification packet I won't know about the DBE requirements. Any extra The full project specifications have been posted to Planet Bids information would be appreciated. Thank today. Please refer to the Grant Conditions section 00 74 00 of 1.1 you. What are the peak flow volumes to be expected in the SS replacement work for 2.1 by-pass needs? If material lead times on materials including but not limited to underground parts and fittings become problematic is there consideration to extend the schedules on intermediate deadlines, contract calendar days, and completion 2.2 dates? Can asphalt grindings be used in lieu of 2.3 coldmix for temporary patching? In regards to bid items 36, 37, 54, 55 & 56 work that may be directed by engineer and considered allowance, contingent or T&M, can the contractor add overhead & 2.4 profit to the agreed allowance the specifications. Existing sanitary sewer flows have not be measured at this location. However, the District utilizes hydraulic modeling software to estimate flows throughout the collection system. The hydraulic model expects peak hour flows to be up to 45 gallons per minute with low flows around 14 gallons per minute in the pipe sections to be replaced. Due to the short grading season required by local regulatory agencies, it is critical that all grading work be completed between May 1 and October 15, 2024. Extensions to the intermediate milestones may be granted as stated in Specifications Section 00 72 00, General Conditions, Part 2.04.C, however, the availability of extensions are weather dependent and subject to agency approval. Please also refer to Specification Section 0135 00, Special Procedures, Part 2.04 regarding Timely Extension. The base bid price and alternate bid prices shall account for any known long material lead times provided by suppliers at bid time and any impact the anticipated delivery dates have on your sequencing of work and acceleration of work once the materials arrive. If unforeseeable causes arise during performance of the contract, they will be addressed in accordance with the Special Procedures of the Contract. Asphalt grindings will not be allowed in lieu of cold mix asphalt for temporary patching. Cold mix or hot mix asphalt is required by the City of South Lake Tahoe. Payment under these bid items will be per the Specifications Section 00 72 00, General Conditions, Part 2.10 - Extra Work. Tools, Supplies, Supervision, Overhead and Profit are accounted for in the amount of a 35% markup on the total direct labor costs. Release Date 11/13/23 12/4/23 12/4/23 12/4/23 12/4/23 Page 1 of 2 Questions and Answers during Bid Period for 2024 Herbert Walkup Pipeline Replacement Project Set Question The instruction to bidders states each bidder should submit original forms then in section 2.03 it states top three bidders. 2.5 Can you please clarify this? Answer The top three bidders (three lowest price bids) are required to submit their original Bid Forms by the deadline specified in the Invitation to Bid. Any original bid forms requested from additional bidders will have additional time to provide their forms, typically two business days from when requested. As discussed during the Pre -Bid meeting, Notice to Proceed is anticipated to be issued mid January 2024 to allow for material submittals and procurement. All construction activities Release Date 12/4/23 Notice to proceed would be the 1st or 2nd requiring excavation, earthwork or soil material removal shall week of April 2024, Contract time is 300 occur between May 1, 2024 and October 15, 2024 (167 calendar days. TRPA prohibits construction calendar days). if weather and snowpack allows, the contractor till May 1st, do we have an exact date for may begin staging, mobilization, and layout activities prior to 2.6 Anticipated Start Date. May 1. 12/4/23 Yes, the deadline included in the Invitation to Bid for submitting Will the deadline for submitting hard original hard copy Bid Forms will be moved from Friday, copies of bid forms change since the bid December 15 to Tuesday, December 19 by a forthcoming 2.7 date got pushed? addendum. 12/4/23 Confirming a pressure test on SS work will Sewer system infiltration and exfiltration testing requirements not be required as its replacement of as well as manhole testing requirements will be removed in existing in same location with lateral Addendum #2. Requirements for cleaning, deflection testing, 3.1 connections. and video inspection remain. 12/6/23 Page 2 of 2 SECTION 00 41 00 BID FORMS :] 1 I SOUTH TAHOE PUBLIC UTILITY DISTRICT for the Construction of 2024 HERBERT WALKUP PIPELINE REPLACEMENT PROJECT DOCUMENTS IN THIS SECTION CONSTITUTE THE BID FORMS. BIDDERS ARE TO COMPLETE AND ATTACH THE DOCUMENTS CONTAINED IN THIS SECTION AS INSTRUCTED IN SECTION 00 20 00, INSTRUCTIONS FOR BIDDERS, AND SUBMIT THE COMPLETED BID PROPOSAL PACKAGE IN ITS ENTIRETY ELECTRONICALLY PRIOR TO THE BID DEADLINE. BIDDER IS REQUIRED TO SUBMIT THE ORIGINAL DOCUMENTS CONTAINED IN THIS SECTION WITHIN THE TIME STATED IN SECTION 0010 00, SOLICITATION - INVITATION TO BID (SEE SECTION 00 20 00, INSTRUCTIONS FOR BIDDERS, PART 2.03) Name of Bidder: F-W. Carsovi Co. Business Address: To South Tahoe Public Utility District Pursuant to and in compliance with your Notice Inviting Bids and the other documents relating thereto, the undersigned, Bidder, being fully famlllarwlth the terms ofthe Contract Documents, local conditions affecting the performance of the Contract, the character, quality, quantities, and the Scope of the Work, the cost of the Work at the place where the Work is to be done, hereby proposes and agrees to perform within the time stipulated In the Contract, Including all of Its component parts and everything required to be performed, and to fumish any and all of the labor, material, tools, equipment, transportation, services, permits, utilities, and all other Items necessary to perform the Contract and complete In a workmanlike manner, all of the Work required In connection with the construction of said Work, all in strict conformity with the Specifications and other Contract Documents, including Addenda No= 1 ?- for the prices hereinafter set forth. Bids that are submitted via the District's electronic bidding system at the time set for opening of Bids shall be Irrevocable, and may not be withdrawn for a period of sixty (60) days after the date set for the opening of the bids except as noted In Section 00 20 00, Part 3.14. ELECTRONIC BID SCHEDULE PRICES: NOVMEBER 2023 SECTION 00 4100 2024 HERBERT WALKUP PIPELINE BID FORMS REPLACEMENT PROJECT 1 All applicable sales taxes, State and/or Federal and any other special taxes, patent rights, or royalties are included in the prices quoted in this Bid. The quantities specified are the DISTRICT`s estimates and are approximate only, being given as a basis for the comparison of Bids. The DISTRICT does not, expressly or by implication, agree that the actual amount of work will correspond therewith. The total amount bid will be used to determine the lowest, responsive, responsible, Bidder. Payment for each item will be based on the actual quantity of work performed times the item unit contract price. Determinations of the actual quantities and classifications of unit price work performed by the CONTRACTOR will be made by the DISTRICT and may be more or less than the specified, estimated quantities. Unless otherwise Indicated in the Bid Item Descriptions, the unit price shall be valid for actual quantities up to 25% more than or less than the bid quantity. All representations made by Bidder in this Bid are made under penalty of perjury. DATED: i2 i. lS 1 -2-3 SIGNATURE BIDDER: �•� Gwrsvv. Co. BY: 1 wy COX-S 01"+ TITLE: Q �o-e, Fr,esic*�`-v"+ NOVMEBER 2023 SECTION 00 41 00 2024 HERBERT WALKUP PIPELINE BID FORMS REPLACEMENT PROJECT 2 INFORMATION REQUIRED OF BIDDER DEPARTMENT OF INDUSTRIAL RELATIONS REGISTRATION: Bidder hereby certifies that it is aware of the registration requirements set forth in Labor Code sections 1725.5 and 1771.1 and is currently registered as a contractor with the Department of Industrial Relations. Contractor DIR Registration Number: 1000OV-4R OG LIST OF SUBCONTRACTORS: The .Bidder shall list in the space provided, the name and the location of the place of business of each Subcontractor who will perform work or labor or render service to the prime CONTRACTOR in or about the construction of the work or improvement, or a Subcontractor licensed by the State of California who, under subcontract to the prime CONTRACTOR, specially fabricates and installs a portion of the work or Improvement according to detailed drawings contained In the plans and specifications, in an amount in excess of one-half of one percent of the prime contractor's total bid or, in the case of bids or offers for the construction of streets or highways, including bridges, in excess of one-half of one percent of the prime CONTRACTOR'S total bid or ten thousand dollars (S10,000), whichever is greater. The Bidder shall list the Subcontractor's License Number and, in accordance with Labor Code Section 1725.5 and 1771.1, the Subcontractor's Department of Industrial Relations Registration Number. The Bidder shall also list the portion of the work that will be done by each Subcontractor under this Contract. The prime CONTRACTOR shall list only one SUB -CONTRACTOR for each portion as Is defined by the prime contractor in his or her bid. Failure to list subcontractors with portions of the Work in excess of the minimum amounts listed above constitutes a declaration by the CONTRACTOR that it is qualified and able to self -perform the work. Any CONTRACTOR found to be unqualified or unable to self -perform any part of the Work not listed below may be disqualified. The Bidder's attention is directed to the provisions of Section 00 73 00, Supplemental Conditions, Part 2.06, entitled Subcontracts. NOVMEBER 2023 SECTION 00 41 00 2024 HERBERT WALKUP PIPELINE BID FORMS REPLACEMENT PROJECT 3 ATTACH ADDITIONAL PAGES, IF NECESSARY Work to be Performed Subcontractor's License # 1. pr11 %Nwx - cryvjv-m,,;..e sj&, fy eA v�we i w sus vegwvM 104 Of--& w3$-k%4v 2. 3. 4. 5. 6... 7. 9. 10. NOVMEBER 2023 2024 HERBERT WALKUP PIPELINE REPLACEMENT PROJECT Subcontractor's DIR Percent of Registration # Total Contract \4DO100IH°ti4Qs 100" a Subcontractor's Name and Address k--W - Cv,so%, Co. SECTION 00 41 00 BID FORMS 4 EQUIPMENT/MATERIAL SUPPLIER LIST: The Bidder shall Indicate below which Supplier the Bidder intends to use to furnish under the Bid each item of equipment or material listed on this form by writing the supplier's name.. Unless the use of alternatives for a particular item has been restricted by these Contract Documents, the Bidder may list any manufacturer whose product meets all of the requirements and technical criteria specified. The listing of more than One supplier for each equipment/material to be furnished with the words "and/or" will not be permitted. Equipment/Material 1. Aggregate base material 2. Asphalt 3. Concrete 4. Water Piping 5. Water Fittings b. Water Valves 7. Fire Hydrants 8. Sewer Piping 9. Sewer Fittings Supplier CVT4 *1-,1 a iOv+S� f $ov k A,vv, H C,WA SL e add Val ► x , 3v c-*,cv-t+e—r Slt�rc. ' 14 w o �- q e 4 tau � yC 1N e sterv-►n N v"Il a S"Vkl 1J� �s�rn �]ea Sv.�vi \N is k�w► N"04M Swpp�y Ms; �v1 mc\jt a S�eW�i V� Qsk-4Xv► �iauadu Swprpv�f Manufacturer S/d M- .S/fm E S�� t a;auwo,,A QI,OShcsl � ► V"\ %.eO1A a �A"W "MMI&V p i o�v�ov�d Q 1as�i �r V.i eskloJVe NOVMEBER 2023 SECTION 00 41 00 2024 HERBERT WALKUP PIPELINE REPLACEMENT PROJECT BID FORMS 5 THIS PAGE LEFT INTENTIONALLY BLANK NOVMEBER 2023 SECTION 00 41 00 2024 HERBERT WALKUP PIPELINE REPLACEMENT PROJECT BID FORMS BIDDER'S GENERAL INFORMATION: The Bidder shall furnish the following Information. Additional sheets shall be attached as required. Failure to complete Item Nos. I through 7, at the time of bid submittal will cause the bid to be non- responsive and may cause its rejection. Bidders shall submit Item Nos. 8 and 9 if requested by the OWNER prior to award of contract. No award will be made until all of the Bidder's General Information (Le., Items I through 7, Inclusive and Items 8 and 9, If requested) Is delivered to and accepted by the OWNER. (1) Contractor's Name and Address: F.W . Cwrsov C o. (2) Contractor's Telephone Number: (3) Contractor's Preferred Emall Address: c2t Pvtld (4) Contractor's License: Primary Classification P-- G-trn�-aa oew.o State License No. 0044}20 Expiration Date: Supplemental Classifications held, If any: N I A Name of Licensee, If different from (1) above: win (5) Name of person who Inspected site or proposed Work for your firm: Name: %w PARs r , Date of Inspection: Als_/se zs (6) Name, address, and telephone number of surety company and agent who Will provide the required bonds on this contract: i2�pMclav Ir`s"oAice SoWAim`s, Slb CGibsvvl br. StE 2140, Roseville,CA g5b+1B. L0ll(P)S%O-534} (7) Complete the following forms: a) "Non -collusion Declaration" b) Iran Contracting Act Certification c) Public Works Contractor Registration Certification d) Contractor's Certificate Regarding Workers' Compensation e) Bid Bond NOVMEBER 2023 SECTION 0041 00 2024 HERBERT WALKUP PIPELINE REPLACEMENT PROJECT BID FORMS 7 ✓ (8) List three projects completed as of recent date involving work of similar type and complexity; Project 1. 2. 3. 4. 5. s� Contract Price Name, address, telephone # of OWNER ✓ (8) The experience resume of the person who will be designated chief construction superintendent or on -site construction manager. ✓ (9) A financial statement, references, and other information, sufficiently comprehensive to permit an appraisal of Contractor's current financial condition. The financial statement shall be in accordance with Section 00 20 00, Part 3.01.D. NOVMEBER 2023 SECTION 00 41 00 2024 HERBERT WALKUP PIPELINE REPLACEMENT PROJECT BID FORMS 8 STATE OF CALIFORNIA i �?!•Cti�f , , •^,fir. v, — � �,'.��,,"� � r� - —\'� r �;� ,� v '� ., n ! 4/ � � �` �,• �`r� � ,\ ' James Miller Board Chair f ursuant to Chapter 9 of Division 3 of the Business and Professions Code and the RUINS and Ref;ul,1tio11s of the Contractors State License Board, the Registrar of Contractors does hereby issue this license to: F W CARSON CO License Number 618286 to engage in the business or act in [lie capacity of a contractor in the following classification(s): A - GENERAL ENGINEERING CONTRACTOR C21 - BUILDING MOVING, DEMOLITION Witness my hand and seal this day, April 24, 2412 Issued April 23, # 991 This licrnse is the prorr•rty m ti;r kcristrar of Contractor,, is not Iransicrrable, and shall he ro6rned to the Registrar uj)on demand when skjsj ended, rl•vniced, or invalidated for anV reason, 11 17i4C0111eS %I lid it nut renewed. Stephen P. Sands Registrar of Contractors I rt-Ll MW 12-071 I� OSP U- ln;-11,0 -� hUUITNO: 53Gw7 CONTRACTORS STATE LICENSE BOARD . ACTIVE LCENSE `a yawn a �, ww 1K.M-. 618286 s.CORP „— F W CARSON CO A C21 www.csib.ca,aov W3012025 NONCOLLUSION DECLARATION TO BE EXECUTED BY BIDDER AND SUBMITTED WITH BID The undersigned declares: 1 am the Vi Ce (Position) of Vr VW • CMSM Co• (Firm), the party making the foregoing bid. The bid is not made in the interest of, or on behalf of, any undisclosed person, partnership, company, association, organization, or corporation. The bid is genuine and not collusive or sham. The bidder has not directly or indirectly induced or solicited any other bidder to put in a false or sham bid. The bidder has not directly or Indirectly colluded, conspired, connived, or agreed with any bidder or anyone else to put in a sham bid, or to refrain from bidding. The bidder has not in any manner, directly or Indirectly, sought by agreement, communication, or conference with anyone to fix the bid price of the bidder or any other bidder, or to fix any overhead, profit, or cost element of the bid price, or of that of any other bidder. All statements contained in the bid are true. The bidder has not, directly or indirectly, submitted his or her bid price or any breakdown thereof, or the contents thereof, or divulged information or data relative thereto, to any corporation, partnership, company, association, organization, bid depository, or to any member or agent thereof, to effectuate a collusive or sham bid, and has not paid, and will not pay, any person or entity for such purpose. Any person executing this declaration on behalf of a bidder that is a corporation, partnership, joint venture, limited liability company, limited liability partnership, or any other entity, hereby represents that he or she has full power to execute, and does execute, this declaration on behalf of the bidder. I declare under penalty of perjury under the laws of the�-Vtatq of California that the foregoing is true and correct and that this declaration is executed on 1Z 1Z3 [date], at Il e v 0 [city], __ & %/ ri DA• [state]. Signature "eclarer A notary public or other officer completing this certificate verifies only the identity of the Individual who signed the document to which this certificate Is attached, and not the truthfulness, accuracy, or validity of that document. State of QE4�.'Ju4 - Subscribed and sworn to (or affirmed) before me This day of 20 , County of Wo'SkoL arc C_'L�o.1 (name of signor) proved to me on the basis of satisfactory evidence to be the person who appeared before me. ERIC HOPKINSNotary J Appointment Public,tment State -3 Nevada Appolntrnent No. 23-3543.02 (Sea[) s Myhppt. ExpiresJul9, 2027 _ Signature of Notary NOVMEBER 2023 SECTION 00 41 00 2024 HERBERT WALKUP PIPELINE REPLACEMENT PROJECT BID FORMS 9 THIS PAGE INTENTIONALLY LEFT BLANK NOVMEBER 2023 SECTION 00 41 00 2024 HERBERT WALKUP PIPELINE REPLACEMENT PROJECT BID FORMS 10 IRAN CONTRACTING ACT CERTIFICATION (Public Contract Code section 2200 et seq.) As required by California Public Contract Code Section 2204, the Contractor certifies subject to penalty for perjury that the option checked below relating to the Contractor's status in regard to the Iran Contracting Act of 2010 (Public Contract Code Section 2200 et seq.) is true and correct: U- The Contractor is not: (1) identified on the current list of person and entities engaged in investment activities in Iran prepared by the California Department of General Services in accordance with subdivision (b) of Public Contract Code Section 2203; or (2) a financial instruction that extends, for 45 days or more, credit in the amount of $20,000,000 or more to any other person or entity identified on the current list of persons and entities engaging in investment activities in Iran prepared by the California Department of General Services in accordance with subdivision (b) of Public Contract Code Section 2203, if that person or entity uses or will use the credit to provide goods or services in the energy sector in Iran. ❑ The City has exempted the Contractor from the requirements of the Iran Contracting Act of 2010 after making a public finding that, absent the exemption, the City will be unable to obtain the goods and/or services to be provided pursuant to the Contract. ❑ The amount of the Contract payable to the Contractor for the Project does not exceed $1,000,000. Signature: l- J Printed Name:_ -GOA) Title: 11/10 - Firm Name: Ow Date: /z//s/z4Z3 Note: In accordance with Public Contract Code Section 2205, false certification of this form shall be reported to the California Attorney General and may result in civil penalties equal to the greater of $250,000 or twice the Contract amount, termination of the Contract and/or Ineligibility to bid on contracts for three years. NOVMEBER 2023 SECTION 00 41 00 2024 HERBERT WALKUP PIPELINE REPLACEMENT PROJECT BID FORMS 11 THIS PAGE INTENTIONALLY LEFT BLANK NOVMEBER 2023 SECTION 00 41 00 2024 HERBERT WALKUP PIPELINE REPLACEMENT PROJECT BID FORMS 12 PUBLIC WORKS CONTRACTOR REGISTRATION CERTIFICATION Pursuant to Labor Code sections 1725.5 and 1771.1, all contractors and subcontractors that wish to bid on, be listed in a bid proposal, or enter into a contract to perform public work must be registered with the Department of Industrial Relations. See httr)://www.dir.ca.00vlPublic- WorkS/PublicWorkS.htmi for additional information. No bid will be accepted nor any contract entered into without proof of the contractor's and subcontractors' current registration with the Department of Industrial Relations to perform public work. Bidder hereby certifies that it is aware of the registration requirements set forth in Labor Code sections 1725.5 and 1771.1 and is currently registered as a contractor with the Department of Industrial Relations.1 Name of Bidder: f-Y`t - Cctrurvi CO . DIR Registration Number: 11,00901401[05 DIR Registration Expiration: to I3'0 1202(0 Small Project Exemption':. Yes or ✓ No Unless Bidder is exempt pursuant to the small project exemption, Bidder further acknowledges: Bidder shall maintain a current DIR registration for the duration of the project. Bidder shall Include the requirements of Labor Code sections 1725.5 and 1771.1 in its contract with subcontractors and ensure that all subcontractors are registered at the time of bid opening and maintain registration status for the duration of the project. Failure to submit this form or comply with any of the above requirements may result in a finding that the bid is non -responsive. Name of Bidder F-W - LaNsevt Co. Signature J Name and Title Y I`;4uVrSovt, ice. >�rPSCc.�e�v► Dated IZ, %S!'23 1 If the Project is exempt from the contractor registration requirements pursuant to the small project exemption under Labor Code Sections 1725.5 and 1771.1, please mark 'Yes' in response to `Small Project Exemption.' NOVMEBER 2023 SECTION 00 41 00 2024 HERBERT WALKUP PIPELINE REPLACEMENT PROJECT BID FORMS 13 THIS PAGE INTENTIONALLY LEFT BLANK NOVMEBER 2023 SECTION 00 41 00 2024 HERBERT WALKUP PIPELINE REPLACEMENT PROJECT BID FORMS 14 12114/23, 4:03 PM Home State of California (https://vvww.dir.ca.gov/) Department Of Industrial Relations (https://www.dir.ca.gov/) My &gi r ti...(Luggistrationsls) Department of Industrial Relations (DIR) (lone/one.app#/alohaRedirect/https://www.dir.ca.gov/dise/dlse.html) My Dashboard Select a Registration Type New Link Existing Registration Instructions: • To transfer an active registration from the old system, click Link Existing Registration. • To start a new application, select from the dropdown menu above and click New. • To revise the existing registration, click Update. • To edit a saved application, click on the registration number. You cannot edit once the application status is "Submitted", "Payment Pending", "In Review", "Expired", "Resubmitted" or "Renewed". • To renew an application, click Renew Link will be available 80-days (60-days for Entertainment Work Permit, 60-days for Public Works contractor registration) before the license expiration date, until the expire date. • To pay registration fees, click the Pay Now link in the Registration # column. • Car Wash: To complete the registration process, you must print the submitted application or a copy of your email stating your application has been submitted and send it with the IRS Form 8821 fop://www.dir.ca,govldlset]RS8821_Form.p-df). Upon receipt of the IRS response, please return to attach the IRS Clearance letter to your application. IRS form 8821 Instructions (tMp:/Iwww.dir.ca.gov/dise/IRS88?_l-Instructions,p,M. Status Definitions Reload page I Business Name 1 Registration Submitted Effective Expiration Payment Balance Exam Registration Actions individual Person # Registration Type Date status Date Date Status Due Passed Duration Date 1009074905 F W CARSON CO Update Public Works & Prevailing 06/07123 Active 07/01/23 0660126 Paid I r3o 0.00 Wage Contractor Registration Balance Due F W CARSON CO 100DO14905 Public Works & Prevailing 05/26f20 Expired 07101/20 06f30123 Paid I No 0.00 wage Contractor Registration Balance Due F W CARSON CO IODD014905 Public Works & Prevailing 05/13/19 Expired 07/01/19 06130J20 Paid I No 0.00 Wage Contractor Regis"bon Balance Due F W CARSON CO 1DDD0149DS Public Works & Prevailing Expired 06/08/18 06130/1g 0.00 Wage Contractor Registration U https:/Icadir.my.site.com/registrations/s/ 1 /2 CONTRACTOR'S CERTIFICATE REGARDING WORKERS' COMPENSATION I am aware of the provisions of section 3700 of the Labor Code which require every employer to be insured against liability for workers' compensation or to undertake self-insurance in accordance with the provisions of that code, and I will comply with such provisions before commencing the performance of the work of this Contract. Name of Bidder r.V� • Ca''rsorv% C°- Signature J Name and Title Troy CaKS evx , 1 GQ. TytS olP.wt Dated 12j IS 1 Z3 NOVMEBER 2023 SECTION 00 4100 2024 HERBERT WALKUP PIPELINE REPLACEMENT PROJECT BID FORMS 15 THIS PAGE INTENTIONALLY LEFT BLANK NOVMEBER 2023 SECTION 00 41 00 2024 HERBERT WALKUP PIPELINE REPLACEMENT PROJECT BID FORMS 16 CERTIFICATE Workers' Compensation Coverage Nevada Transportation Network Self Insured Group & Safety National Casualty Corporation - AM Best Rated A++ NAIC #15105 676 S. Saiiman Road, Carson City, NV 89701-5000 Phone: (775) 887-2480 Fax: (775) 887-2481 ITEM 1. NAME AND ADDRESS OF MEMBER COMPANY FW Carson Company Inc Policy No: NTN15700-2023-02 FW Carson Company Inc 1064 Tahoe Blvd Incline Village NV 89451 ITEM 2. LIMITS OF SELF INSURED RESPONSIBILITY WORKERS' COMPENSATION STATUTORY EMPLOYERS LIABILITY$1,000,000/$1,000,000/$1,000,000 ITEM 3. MEMBER PARTICIPATION INFORMATION GROUP CERTIFICATION NUMBER: 5001 Pursuant to Nevada Revised Statutes 616.3791, 616.37915, and 616.3792 and the Nevada Administration Code. The Nevada Transportation Network Self Insured Group has presented evidence they possess the financial and administrative resources to assume the responsibility for providing prompt payment of all compensation due under Chapters 616 and 617 of the Nevada Revised Statutes, and has been granted the above numbered Certificate, granting it authority to act as an Association of Self Insured Public Employers for Workers Compensation Purposes. MEMBER NUMBER: NTN15700 MEMBER'S ANNUAL TERM 12:01 AM on 01/01/2023 to 12:01 AM on 01/01/2024 The above member has presented evidence that it has the financial and administrative resources to participate as a member of the Nevada Transportation Network Self Insured Group. The member has been authorized by the Trustees of that Association and the Nevada Insurance Division to participate in the Nevada Transportation Network Self Insured Group, so long as it continues to abide by the Bylaws of the Association and the applicable provisions of Chapters 616 and 617 of the Nevada Revised Statutes. ITEM 4. PREMIUM ASSESSMENT INFORMATION The premium assessment for this certificate will be determined by the rates, classifications, and rules utilized by the Nevada Transportation Network Self Insured Group as revised from time to time and as filed with and approved by the Nevada Insurance Division. Dated At: Carson City, Nevada This Sunday, January 01, 2023 Authorized Representative Nevada Transportation Network Self Insured Group GENERAL ENGINEERING CONTRACTORS Reference — Current and Completed Maior Proiects 2016-2023 Public Safety Center— Public Sector Project Manager: Kyle LaFave Superintendant: Carl Walker Foreman: FIN Barajas Scope: Demo, Earthwork, Utilities, Paving Current Contract $3,222,220,00 Projected Start Date: February 2023, (weather Permitting) Projected completion: September 2023 Minden Stormwater Decant Facility — Public Sector Project Manager: Skye Coiling Superintendent: Carl Walker Foremen: Armando Orozco, Manuel quezada Scope: Site Work, Utilities, Grading, Concrete, Paving Current Contract $383,318.00 Projected Start Date: February 2023, (weather permitting) Projected completion: April 2023 RACC Downtown Sidewalks — Public Sector Project Manager: Matt Mangalin SuperimendanU Carl Walker Foreman: Chrls Hamlin Scope: Concrete and asphalt demo, grading, utilities, concrete, paving Current Contract$358,513.00 Start Date: 11/1/22 Estimated Completion: February 2023 (weather permitting) Incline Villa a Community Hospital —Public Sector Project Manager: Andy Good/Troy Carson Superintendant: Carl Walker/ Foreman: Chris Hamlin Scope: Site Improvements for a new parking lot, landscaping, irrigation and planting. Current Contract $749,949.00 Start Date: 6/20/22 Substantial Completion: 10/31/22 1064 Tahoe Blvd. Incline Village, NV 894511 Phone (775) 831.5008 1 Fax (775) 831-5068 1 NV License 447261 CA License 6182861 www.fwcarsonco.com GENERAL ENGINEERING CONTRACTORS Oak Angle, LLC (Lumberyard) - Private Sector Sub to RI Dailey : Aaron Ackerman - (831) 809-4922 Project Manager: Skye Coiling / Project Foreman: Richard Cox Superintendant:. Carl Walker Scope: Demolition, grading, utilities, excavation, paving, BMPs, rock retaining wall, shoring Current Contract S2.1010,E 7_3.00 Start Date: 5/13/22 (pause for winter 10/15/22-5/1/22) Estimated Finish Date: October 2023 Indigo Violet / Oak Angle, LLC- Private Sector Sub to RJ Dailey: Aaron Ackerman - (831) 809-4922 Project Manager: Matt Mangalin / Superintendant: Carl Walker Scope: Building demolition, excavation, shoring, structural excavation, BMPS Current Contract 51,593,520.00 Start Date: 4/13/22 Projected Completion: August 2023 Road Multi-Famil - Private Sector Sub to Plenium Builders: Tom Stoddard (775) 842-7314 Project Manager: Kyle LaFave / Project Foremen: Chris Hamlin, Riga Barajas Superintendent: Carl Walker Scope: Temp BMP's, demolition, earthwork, structural excavation, base & vapor barrier under the SOG, underground utilities, base under site concrete & asphalt, and asphalt paving. Current Contract 52.228.836.00 Start Date 3/1/22 Projected Completion: April 2023.mmt,PTI am1r Lake Tahoe Community College Remodel - Efficiency / Science Modernization - Private Sector Sub to Bobo Construction: Chris Bobo (916) 363-7777 Project Manager: Matt Mangalin / Foreman: Chris Hamlin Superintendent: Carl Walker Scope: Temp BMP's, demolition, earthwork, excavation for site walls, base under concrete & asphalt and asphalt paving. Current Contract: 51.130.816.00 Start Date: 4/25/2022 Projected Completion: July 2023 1064 Tahoe Blvd. Incline Village, NV 894511 Phone (775) 831-5008 1 Fax (775) 831-5068 1 NV License 44726 1 CA License 618286 1 www.fwcarsonco.com GENERAL ENGINEERING CONTRACTORS Alpine Meadows Mid Station — Private Sector Owner: Palisades Tahoe (formerly Squaw Valley -Alpine Meadows) Subcontractor to Plenium Builders: Tom Stoddard (775) 842-7314 Project Manager: Kyle LaFave / Project Foreman: Rlgo Barajas Superintendent Carl Walker Scope: Temp SM P's, tree stump removal, earthwork, underground utilities, base under the slab on grade, permanent BMP's and rock excavation Final Contract: 51.918.451.00 Start Date: 7/23/21 Projected Completion: September 2023 Squaw Valley Base Station — Private Sector Owner: Palisades Tahoe (formerly Squaw Valley -Alpine Meadows) Subcontractor to Plenium Builders: Tom Stoddard (775) 842,7314 Project Manager: Kyle LaFave / Project Foreman: Rigo Barajas Superintendant: Carl Walker Scope: Temp. BMP's, earthwork, underground utilities, retaining wall excavation, base under the site concrete & pavers, base under the asphalt paving, asphalt paving & drip lines Final Contract: 91,936,115.50 Start Date: 8/9/21 Projected Completion: September 2023 Lake Tahoe Schools Gate & Fence Replacement Project— Private Sector Owner: Lake Tahoe School Point of Contact : Bob Graves (775)548-6182 Project Manager: Matt Mangalin / Project Foreman: Carl Walker Scope: Temp BMP's, demolition, structural excavation, concrete sidewalk & curb, automatic gate & fence and asphalt paving and striping Current Contract 5727.544.53 Start Date: 5/1/22 Projected Completion: February 20231.nana,permm..d Mountain Golf Course Cart Path Improvements — Public Sector Owner: Incline Village General Improvement District Project Manager — Troy Carson / Project Foreman: Rodney Murray Scope: Reconstruction of an existing asphalt cart path. Final Contract: 5414 918.00 Start Date: 9/21/21 Finish Date: 11/3/21 1064 Tahoe Blvd. Incline Village, NV 894511 Phone (775) 831-5008 1 Fax (775) 831-5068 1 NV License 44726 1 CA License 618286 1 www.fwcarsonco.com n GENERAL ENGINEERING CONTRACTORS Legacy Trail -Brockway Road Multi -Use Trail Connector- Public Sector Owner: Town of Truckee, CA- Point of Contact: Jessica Thompson - (530)582-2938 Project Manager: Kaveh Mansoor / Project Foreman: Chris Hamlin / Super: Doug Whipple Scope: Construction of an asphalt paved multi -use trail Including grading, storm drain improvements, rock & concrete retaining walls, sidewalks, railings and striping & signage Final Contract 2.370.784.14 Start Date:6/7/21 Finish Date: 11/4/21 Mammoth Elementary School Addition/Modernization - Public Sector Owner: Mammoth Unified School District Subcontractor to SierraCon-Josh Merkow lmerkow0sierracon.bie (530)307-8898 Project Manager: Andy Good / Project Foremen: Chris Hamlin, Rodney Murray & Rigo Barajas Superintendant: Troy Carson Scope: Earthwork for a new addition, including site utilities, base & paving Final Contract 5 2.122.219.00 Start Date: 5/19/20 Finish Date: Substantial Completion 8/31/21 Mammoth Middle School Classroom Addition -Public Sector Owner: Mammoth Unified School District Subcontractor to SierraCon - Bridgette Toy btoyesierracon biz (650)576-1114 Project Manager: Andy Good / Project Foremen: Rodney Murray & Rigo Barajas Superintendant: Troy Carson Scope: BMP's, site demolition, excavation / backfill, aggregate base, vapor barrier, underground utilities and asphalt paving & base Final Contract 8293.444.00 Start Date: 6/21/21 Finish Date: Substantial Completion 8/31/21 Fleur du Lac Waterline Repair- Private Sector Owner: Fleur du Lac- Point of Contact: John Jackson (775)690-7789 Project Manager: Matt Mangalin, Todd Carson / Project Foreman: Sam Hall Superintendent: Troy Carson Scope: Water line replacement for (6) units including horizontal boring for (3) Final Contract 599,729.50 Start Date: 4/28/21 Finish Date: 5/18/21 1064 Tahoe Blvd. Incline Village, NV 894511 Phone (775) 831-5008 1 Fax (775) 831.5068 1 NV License 44726 (CA License 6182861 www.fwcarsonco.cum GENERAL ENGINEERING CONTRACTORS Nevada SR-Bg Box Culvert Project— Public Sector Owner: Douglas County Public Works contact Reid Kaiser, P.E., Transportation Manager (775133747041(%751229.5509 reed, kaher&hgrinp;pm Project Manager: Kyle LaFave / Traffic Control Construction Manager: Matt Mangalin Project Foremen: Chris Hamlin, Riga Barajas, Rodney Murray Construction Manager: Doug Whipple / Superintendent: Troy Carson Scope: Installation of 4 cell 14' x 6' x 76' precast box culvert, construction of a new flow channel, utility relocation, headwall construction, dewatering, 165 feet of pavement repair, grading, paving, SWPPPs, traffic control Final Contract 51.006.770.44 Start Date: 4/5/21 Finish Date: 6/4/21 580 Edgewood Pump House Owner: The Cherif A. Bondjakdji Trust Sub to Covenant Builders — Scott Hamann—covenantbuildersl@hotmail.com— (775) 741-1892 Project Manager/Superintend ant: Troy Carson / Project Foreman: Sean Quinn Scope: Temp BMP's, tree removal, grading, partial utilities, base under the curb & gutter, curb & gutter, gravel cap and rock walls Final Contract 5343.003 Start Date:4/27/21 Finish Date: 6/29/21 Hyatt Regency Lake Tahoe Outdoor Grill Project —Private Sector Owner: Hyatt Equities Owner: Hyatt Equities Sub to SierraCon - Josh Merkow imerkow0slerracon.biz (530) 307-8898 Project Manager: Andy Good / Project Foreman: Rigo Barajas / Superintendant: Troy Carson Scope: Demolition, earthwork, underground utilities, structural excavation and base prep Final Contract 5531.757.00 Start Date: 4/26/21 (no work in winter) Finish Date: 5131/22 1064 Tahoe Blvd. Incline Village, NV 894511 Phone (775) 831-5008 1 Fax (775) 831-5068 1 NV License 447261 CA License 6182861 www.fwcarsonco.com GENERAL ENGINEERING CONTRACTORS Hyatt Regency Lake Tahoe — Electrical Trench & Back611 / Lone Eagle & Cottages BMP Retrofit Private Sector Owner: H art E uities Su to terra on- ost ertmv Imer owflsierraton.bu (530)307-8898 Project Manager: Andy Good / Project Foreman: Chris Hamlin / Superintendent: Troy Carson Scope: Electrical excavation and backfill Final Contract 5719.884.00 Start Date: 5/10/19 Finish Date: 10/31/19 Squaw Creek Townhomes — Phase 2A Infrastructure - Private Sector Owner: Squaw Creek Associates, LLC. Contact person: Kaveh Mansoor - kaveldd!oect rum -cm com — (530) 386-6349 Project Managers: Andy Good/Kyle LaFave Project Foreman: Rigoberto Barajas Superintendant: Troy Carson Scope: Realigning the service road for future townhomes including pavement removal, water, sewer, electrical & communication facilities, storm drain, temporary BMPs, concrete headwall, site grading, rockery wall, concrete curb, asphalt paving, striping, site restoration and temporary erosion control Final Contract 53.461.636.00 Start Date: 5/14/19 Finish Date: 5/2020 580 Edgewood Dr. Phase 1- Caretakers Quarters - Private Sector Owner: The Cherif A. Bondjakdji Trust Sub to Clark & Sullivan —Jarrett Rosenau — larrett eoclarksulllvan.com — (775) 355-8500 Project Manager: Andy Good / Project Foreman: Chris Hamlin / Superintendent: Troy Carson Scope: Install underground booster pump, Fire service connection, PI & FDC, asphalt paving at the Caretaker's Quarters and from Sta.0+00— 6+92 and grading at the USFS road Final Contract 5309.945.00 Start Date: 6/7/19 Finish Date: 11/16/19 1064 Tahoe Blvd. Incline Village, NV 894511 Phone (775) 831-5008 1 Fax (775) 831.5068 1 NV License 44726 1 CA License 618286 1 www.fwcarsonco.com Carl Walker 805-268-3131 / hwy20ride43@yahoo.com Project Superintendent I Construction Manager Years of Experience 30+ Education, Training, and Registration: Truckee Meadows Community College - Construction Management Operating Engineers Local 3 Union Member, since 1992 to current National Certification for Heavy Equipment Operations 40-hour HAZWOPER training/8-hour annual HAZWOPER refresher training 8-hr HAZPWOPER supervisory training 30-hour OSHA Construction Training Behavior Based Safety Training/Loss Prevention System Training Trenching and Excavation Safety/Competent Person Training Confined Space Training Non -Iodizing Radiation Training Radiation Worker II Training CPR/First Aid Bloodbome pathogens Respirator Fit Test Certification Smith Driver Training Smith Systems Driver Improvement Course Spotter Training Drug Free Supervisor Training Rigger Training Hercules EPA Superfund site Brunswick, GA. 2021 Scope of work included Insitu-stabilization (ISS) of 37,000 Sq Ft. of a legacy Toxaphene tank farm area. A cement plant was set up and ran to produce the Portland/Furnace slag needed to mix with the existing soils to solidify the contaminated soils to reduce the potential to leach further into ground water. We also installed storm water pipe and catch basins to capture storm water and take off of tank farm area. The site was stabilized by topsoil and seed and mulch upon completion. Dupont / Chemours Plant Belle, West Virginia 2021 Scope of work included pumping a 2-acre contaminated lagoon down, we placed composite mats to be able to access the lagoon and removed portions of cover liner, hex tiles to expose a upheaval of material, the material was redistributed and a concrete cap was poured over high area(island) to keep water fowl and wildlife from entering the lagoon. Once complete we installed permanent floating Dock Blocks to also access the island and replaced floating hex tiles. This work is part of ongoing work at this plant performed under a master service agreement. Honeywell Pottsville, PA. Demolish Film Manufacturing Building 2021 Scope of work included demolition of a 40 thousand sq ft. manufacturing building, out buildings and underground pipe infrastructure. All materials were recycled, concrete slabs and foundations was hammered, pulverized and crushed onsite and used for backfilling. Complete regrading of area and topsoil placement including hydroseeding. KMCC Jacksonville, FL. EPA Superfund Site, Legacy fertilizer and chemical company 2020 Scope of work included the removal of 11 acres of trees and brush, chipped and left onsite. Installation of a fire line and hydrant as well as a water truck fill station onsite. Excavation and installation of liner and outlet structure for a sedimentation basin including outfall piping to St Johns River. Demolition of 21 large building slabs and footings, tank rings, underground conveyor structures and roads. Excavator with 12k hammer, pulverizer and a portable crusher was used to process concrete onsite for reuse. Once concrete was removed the environmental phase began, we excavated and removed arsenic and T-Norm from the site. Work also included regrading the entire site an landscape restoration. Nevada Energy Reid Gardner Power Facility decommissioning Las Vegas. 2019 Scope of work included complete demolition of entire power facility including 4 turbine generation units, multiple buildings and underground coal conveyor structures, R/R loop and bridges, concrete foundations of all structures. All materials were processed for recycle. An onsite landfill was developed for non - recyclable materials. Also, part of the decommissioning was the uncovering and removal of thousands of feet of asbestos containing pipe and conduit. This was a large-scale project in excess of 60 million dollars, I overseen all aspects of work and had a crew of 40 ops/labs/staff, equipment used was large excavators, shears, pulverizer, magnets, grapples, 12k-18k hammers, dozers, haul trucks and other support equip. Pennsylvania Power and Lighting Milton, PA. Soil Remediation and oil recovery system 2019 Scope of work included the removal of transformer oil impacted soil. An onsite filtration system was set up to remove oil from pumped ground water throughout the duration of the project. a complete oil recovery system was installed to collect transformer oil from a large transformer explosion that occurred at the Milton, PA. switching station. Installed 2000' of 24" perforated collection line at edge of the switch station boundary, installed several manholes and valve structures. Also installed an oil interceptor/filtration structure and a 96" 20' deep wet well/pump station to return filtered water back to the wetlands. This work included installation of conduit, instrument controls and sensors for monitoring oil levels. Work also included drainage ditches and landscape restoration. BASF Chemical Kankakee ILL. Soil Remediation 2018 Scope of work included Soil remediation of two areas within an active chemical plant involving EDC and Vinyl Chloride. This work was performed in level B PPE. Work included, air monitoring, demolition of concrete tank pads, installing sheet pile shoring and slide rail shoring systems. Excavations went down to 14' in depth. Insitu stabilization method was used in one area introducing Portland cement and furnace slag as the reagent. Area 2 was dug out and placed in roll off containers for analysis and taken to appropriate landfill. Phillips 66 Refinery Sweeny, TX. Construction Manager for new fracing infrastructure expansion. 2018 Scope of work included a large expansion of their fracing facility. We removed timber on approx. 200 acres of natural ground, imported over 500,000 yds of fill and lime stabilized over 300,000 yds of onsite fill to raise grade for the new expansion of frac units. We also built 3 heavy haul road bridges, 2 sedimentation ponds with concrete inlet and outfall structures. Drainage system included culverts and ditches. Overseen all facets of work including over 100 craft employees and several subcontractors. The project had 12 dozers, 12 excavators, 17 haul trucks and many other supports pieces of equipment going daily to complete a project on time and safely for our client. There were many weather challenges throughout this project. Being in the Gulf Coast area, keeping areas dewatered by setting up diesel driven pumps and piping was also a big part of this project as well as erosion and sedimentation controls. EMI Meredosia, Illinois. Former National Starch and Chemical Co. 2017 Project Superintendent, Scope of work included Lagoon dewatering, deep soil mixing & solidification, regrading of lagoons importing common fill and topsoil to create a new wetland. Also included Installation of TRM, ECB and hydroseeding. Lafarge Demolition Project Ravena, New York Plant. Project Superintendent, Scope of work included Demolition of a 400' concrete and brick stack using explosives, ACM abatement, excavating approx. 30,000 cy of limestone slurry out of two 80' diameter steel slurry tanks, hauling to an onsite landfill using haul trucks. The tanks were then demolished using an excavator w/shear. Concrete pump buildings were also demolished and processed. Philips 66 Company Line 200 Release CNWS site. Concord, California: 2016 Project Superintendent, Work scopes included pile driving, fabrication and installation of a steel pipe support structure. Excavation, staging and export of approx. 12,000 cy of crude oil impacted soils, digging under 3 live petroleum pipelines operating at very high pressures owned by 3 separate oil companies. Both excavation and backfill proved very challenging given excavation requirements of all stake holders. There was also wetland restoration and hydroseeding involved. Chevron Northam Pipeline Station, La Mirada, California: Project Superintendent for various scopes of work for the remediation and demolition services at a pipeline terminal and tank farm. The site required mass remedial excavations, importing fill soil, over -excavation, backfill, compaction, final grading, and the demolition of an existing small building and concrete pads on site, a CMU wall along the property line, various underground water lines and pipeline. Installation of a linear drainage swale/ basin incorporated both temporary and permanent drainage features tying into adjacent public utilities. RECON over - excavated, moved, placed, and compacted nearly 23 acres of land in 8-inch lifts at 90% compaction. A total of 134,000 cubic yards of contaminated soils were excavated, stockpiled, and disposed of. Oceanside, Chevron, Oceanside, New York: Project Superintendent who oversaw the setup of soil staging area for impacted soils, the excavation of TCE impacted soils, and trucking and disposal of impacted soils. RECON designed a 300-foot by 150-foot staging area to stockpile site soils, taking measures to cordon off 100-yard sections separated by plastic so that each pile was sampled for constituents individually. Excavation included removing 2,300 cubic yards of impacted soil to depths of approximately 20 feet at the site located adjacent to active waterways. Cement bentonite slurry was used to manage groundwater infiltration during excavation activities. Excavated material was stockpiled in individual stockpile cells on site and loaded into trucks for off -site disposal by Chevron. State of Kentucky Maxey Flats Radiation Site, Morehead, Kentucky/Fleming County, Kentucky: Project Superintendent for the abandonment and/or improvement of sumps and other structures including a monitoring well, 89 existing sumps of varying sizes, 2 headwall sump risers, and an LSF tank; 6 LSF tank risers; and 185 previously abandoned sumps. Caney Repository Cap Repair, Goldfields Mining, Caney, Kansas: Project Superintendent and Site Safety Officer for the removal of upper 12 inches of existing soil cover, installation of a new HDPE liner, and reinstallation of cover soils over the new HDPE liner. Work also included the installation of a 10,000 gallon fiberglass underground storage tank that collected discharged from the repository leachate collection system. Sediment Removal and Wetland Stream Restoration, Arcadis/Philips Lighting, Danville, Kentucky: Project Superintendent for the removal and wetland and stream restoration at this federally directed and state administered national priorities list site. The site previously was a manufacturing plant for light bulbs. Services performed on this site included excavation, stream diversion, water filtration, transportation and disposal, backfill and compaction, and restoration. RECON removed 1.41 acres of trees and brushes and 3,443 cubic yards of arsenic- and lead -impacted sediment; material handled 6,845 tons; backfilled and compacted 3,200 tons; and restored 1.41 acres, including 1.41 acres of seeding and planting over 100 trees and over 250 shrubs. Boeing ISRA LOX Outfall 9, Boeing, Santa Susana, California: Project Superintendent for the excavation and loading of 5,752 tons of non -hazardous materials and placed said materials into over the road haul trucks in preparation to transport materials to an approved facility. During excavation activities there was a lot of scrutiny on the generation of dust. RECON performed continuous moisture conditioning of the materials being excavated and loaded in an effort to promote dust suppression. RECON also performed continuous dust monitoring with a dust meter to ensure no action levels were exceeded. RECON also loaded and hauled 2,000 tons of hazardous waste that was also taken to a predetermined facility willing to accept material. These materials were both stockpiled and removed each day, as well as direct loading truck as feasible. Upon completion of excavation confirmation samples were taken to ensure desired levels have been achieved. Upon confirmation portions of the excavations were backfilled and edges contoured. Best management practices were put in place prior to demobilization per the direction of plans and specifications. Project was completed on schedule and under the established budget. Client and oversight were both pleased with the progression of the project as well as the final outcome. Encycle Site Remediation, TCEQ/Bankruptcy Court, Corpus Christi, Texas: Project Superintendent who oversaw setup and operated four E-Bam dust monitoring units (two upwind and two downwind) each day to record site perimeter dust levels during project operations. RECON recorded readings generated every 1/2 hour to monitor site action levels and insure site exceedances were responded to in a timely manner. Wind and dust control were implemented onsite to further reduce dust emissions/generation. A 10-foot wind screen fabric was installed on the perimeter fences, and a water truck was run continuously during excavation and loading operations. Dust fogger units were also operated in the excavation areas and inside the treatment building as a means to knock down dust during the handling and mixing of impacted soils. Polypropylene sheets were used to cover all excavations while waiting for results of the confirmation testing. Silt fence and hay bales were installed onsite to prevent runoff of sediments, and berms were installed around each excavation to prevent run-on into the work areas. All storm sewer drains (about 200) located onsite were covered with filter fabric to prevent sediments from entering the drain system. RECON excavated 14,000 tons of impacted soil. All excavation areas had to be covered with plastic sheeting until confirmation analysis cleared the area for backfilling. Several areas required re - excavation after receipt of confirmation analysis indicated concentrations above target levels. Most of the material had to be transported to a large bin building for testing, treatment and storage in 250-ton piles. RECON treated 13,250 tons for lead (Pb), Cadmium (Cd), and Zinc (Zn) prior to testing and shipment to a locally permitted disposal facility. 237 tons of railroad ties were removed from the site and disposed of offsite. RECON backfilled and established vegetation on all disturbed areas. Farco Mine, Chevron, Laredo, Texas: Project Superintendent responsible for miscellaneous mine maintenance activities to support mine reclamation activities at the site. Activities included drainage improvements, seeding, impoundment construction, and road maintenance. Riverbank Landfill Cap Construction, DuPont, Washington, West Virginia: Project Superintendent for the construction of a composite cap system along a one -mile -long riverbank landfill at DuPont's active Washington Works Facility. Construction activities included the regrading of the riverbank landfill, importing over 105,000 cubic yards of ash and borrow material at haul distances over two miles, installation of a 700,000 square feet geosynthetic cap and drainage layer, and installation of a vegetated soil cap. Ancillary work included the construction of eight new cast -in -place concrete drainage structures, ditches, re -alignment of an existing asphalt road, and relocation of over a mile of security fencing. The construction of the riverbank landfill cap was in accordance with the Environmental Protection Agency (EPA) and the West Virginia Department of Environmental Protection (WVDEP). Bramel Cove Sediment Removal, Valero, Paulsboro, New Jersey: Project Superintendent for the removal of petroleum impacted sediments from a cove of the Delaware River. The work included the Installation of erosion controls; Vegetative clearing of the upland area as well as removal of debris and driftwood; Installation of a 25,000 square feet lined, sediment staging pad; Installation of 490 linear feet of a sheet pile wall on the upland side of the remediation area; Installation of a 910 linear foot cofferdam (Portadam) on the river side of the target area, as well as debris and oil absorbent booms; Installation and 24 hour operation of a 1,000 to 2,000 gallons per minute water pumping and pre-treatment system; Excavation of 12,000 cubic yards of overburden and impacted sediments; Staging, dewatering, and loading of 5,500 tons of impacted sediments/materials for ofisite disposal; Re -grading and seeding of upland area; Site restoration of access and staging areas. Soil Remediation and Cap Construction, Occidental Petroleum, Denver City, Texas: Project Superintendent for the construction of two 20-acre burial pits in which low pH, sulfur contaminated soils were excavated, placed, compacted, and capped with an HDPE liner system. Overall, RECON hauled over 76,000 loads of material consisting of over 1.7 million cubic yards. Traffic control was a major issue and required careful consideration and constant readjustments to ensure worker safety while maintaining production. This area is nominally a windy and and climate, but this work was implemented during an extreme drought (0.5 inches of rain in 10 months). Dust control was a major priority and was successfully managed by utilizing two 10,000-gallon water wagons spraying over 250,000 gallons of water per day. Soil stabilization polymers were also used to control the migration of impacted soils. Hot Spot Removal, Chevron EMC, Hastings on Hudson, New York: Project Superintendent and Site Safety Officer for the excavation and disposal of contaminated soil from a former manufacturing and chemical terminal. Work included soil removal, soil storage containment, soil disposal, decontamination, dewatering, and water treatment. The soil was impacted primarily with semi -volatile organic compounds (including aniline, chlorinated aniline, toluidine's and anthraquinones), volatile organic, and lead. Excavated approximately 1,300 cubic yards of contaminated waste over a horizontal footprint of approximately 3,000 square feet. Wetland Enhancement, MRP Properties Company, Alma, Michigan: Project Superintendent and Site Safety for the restoration of a wetland containing heavy metal and hydrocarbon impacted sediments adjacent to the Pine River. Steel sheet pile (385-feet by 20-feet deep) was installed to seal off river flow in the excavation areas and was removed at project completion. Turbidity curtains and oil boom were installed parallel to the sheet piling to mitigate the risks of contaminants flowing downstream. Dewatering sumps were installed within the isolated excavation area to assist in site dewatering. Ail water was treated through onsite treatment system and discharged to Pine River. A total of 11,000 tons of sediments were excavated, dewatered, and disposed of offsite. Site challenges included working within the 3-4-foot deep wetland with heavy equipment, which was mitigated by utilizing crane mats, low ground pressure machines, and long reach excavators. Restoration of the disturbed areas included sand habitats, installation of tree snags, and over 100 native trees were planted along with plants, seed, mulch, and riprap along the riverbank. New Horizons Spill Response, ERM/BP, Pensacola, Florida: Project Superintendent for the construction of large-scale decontamination stations on various beaches near Pensacola. Efforts were implemented to support the US Coast Guard with the decontamination of several thousand feet of oil containment boom, oil skimming equipment, and US Coast Guard vessels. Following the oil spill, RECON was recognized for being the first land -based decontamination facility and most importantly, recognized as the leaders in safety, including safety procedures and processes that where ultimately used as "the model" at other decontamination facilities. Guadalupe Dunes, Chevron EMC, Santa Maria, California: Construction Manager for the excavation of 1,000,000 cubic yards of hydrocarbons impacted soils from highly sensitive, coastal dunes on 2,700 acres during this 5-year project. RECON used precision excavation techniques to remove the impacted materials from 20 separate excavations. The areas were restored with Coastal Dune Scrub and Wetlands material. Over 1,200 permit conditions were followed on this project. Mr. Walker assisted the safety department in order to emphasize a safe approach to all activities on site and he participated in the weekly OEC/construction meeting as a field liaison to offer insight and solutions to potential site issues. He acted as the point person for all construction field questions or issues. Water, Sewer, and Gas Pipeline Projects: Mr. Walker has supervised hundreds of pipeline projects prior to his employment with RECON that included: deep gravity sewers utilizing shoring or shielding systems; complete replacement of city water lines and services which includes pressure testing, disinfection, and tie over connections; installation of miles of natural gas lines for the Sierra Pacific Power Company including welded steel gas mains; and many trenchless technology pipe rehabilitation projects including cured in place pipe, pipe bursting, fold and form, and slip lining. Water and Sewer Treatment and Pumping Station: Mr. Walker has supervised the upgrade of many water treatment facilities including sodium hypochlorite systems, flock filtering systems, ionizing systems, and sand media filtering systems. He has also supervised the upgrade of many sewer treatment facilities including wet wells and pumping stations, open lined ponds, and bio-filters. Additionally, he has constructed several public water well systems including the installation of deep well casings and pumps. Water Meter Installations, Pacific Meter Services Inc. County of Maui Water Dept, Hawaii: Mr. Walker was responsible setting up an office and storage warehouse on the Island of Maui and managed the installation of 32,000 water meters throughout the Island. Through his hard work and the relationship built with the client, he was able to negotiate another 15,000 meters on the island of Molokai and was able to design and implement a repeater system that allowed the meter readers to upload readings from very remote areas of the island. Pipeline Crossing Project, Peterson Construction Company, Inc. Reno, Nevada: Project Superintendent for the installation of two 16-inch diameter water pipes across the Truckee River. Work involved damming off half of the river at a time and dewatering through a filtration system. Once the pipelines were installed, the river bottom had to be restored to its natural bottom using photos and replacing large boulders. There were also highly sensitive environmental concerns which required close attention and cooperation with Truckee Meadows Water Dept., Fish and Wildlife, and local media. Wastewater Expansion Project, Ford Construction Company, Inc., Fernley Nevada: Project Superintendent for the installation and replacement of 35,000 lineal feet of gravity sewer mains and services of which most were 12-15 foot deep using shoring equipment. This work also included cast in place concrete vaults, automatic bar screens and grit screw. Several HDPE lined sewage ponds were also constructed. Water Expansion Project, Ford Construction Company, Inc., Quincy, California: Project Superintendent for the installation of 45,000 linear feet of new water main and services. This project involved the complete replacement of all the City's water mains and services. Mr. Walker worked closely with the water district manager to develop a plan to minimize water outages for the residents and businesses. The alignment, installation, testing, disinfection and tie-overs were all scheduled by the Superintendent as this was more or less a design build. The project also installed approximately 5,000 water meters and boxes to all businesses and residences. Storm Sewer Replacement Project, Ford Construction Company, Inc., Sacramento, California: Superintendent for the installation of 5,500 linear feet of 96-inch concrete pipe and 2,500 linear feet of 42- inch Vylon pipe. Mr. Walker was also responsible for the installation and maintenance of several 24hr sewer bypassing stations. Work also included traffic control in a very busy area of downtown Sacramento. Trenchless Technology Pipe Lining, Ford Construction Company, Inc., Lodi, California: Mr. Walker was a Team Member for the start-up of a branch office that focused on a patented Trenchless Technology Pipe. Projects included cured -in -place pipe, pipe bursting, fold and form and pipe lining processes. Wet Out Facility, Ford Construction Company, Inc., San Diego, California: Project Superintendent, work consisted of setting up an office and wet facility that vacuum impregnated felt layered pipe bags with polyester resin. Bags were kept refrigerated until ready for deployment which was then inverted them into host pipe. Once the lining was in -place, the sewer services were robotically opened using a camera truck and robotic equipment. Total lined pipe was approximately 35,000 linear feet. Sewer bypass pumping was also a big part of this project. Water and Sewer Pipeline Projects, Q&D Construction Company, Inc., Reno, Nevada: Foreman and Certified Pipe Welder on many gas pipeline and water/sewer treatment facilities. Installed miles of new polyethylene natural gas lines in the Reno area. Completed over 2,500 linear feet of underwater intake line in Lake, Tahoe. This project included working out in the lake from a barge using Divers and thermal fusing the pipe together. Reclaimed Waterline Project, Gas & Fox, Company, Inc. City of Cerritos, California: Foreman/welder for the installation of 21 miles of cement lined and coated steel pipe and metered connections. Mr. Walker was the foreman for the crew that performed very deep excavations for performing horizontal boring. Traffic control also was a major part of the work. F.W. CARSON CO. & AFFILIATES COMBINED FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION Year Ended December 31, 2022 F.W. CARSON CO. & AFFILIATES COMBINED FINANCIAL STATEMENTS AND SUPPLEMENTAL INFORMATION TABLE OF CONTENTS Page Independent Accountants' Review Report Combined Balance Sheet 5 Combined Statement of Income and Retained Earnings 7 Combined Statement of Cash Flows Notes to the Financial Statements 10 Combining Balance Sheets S-1 Combining Statements of Income and Retained Earnings S-2 EDMONSON BULLARD _- --- accountants & advisors Independent Accountants' Review Report To the Board of Directors F.W. Carson Co. & Affiliates Incline Village, Nevada We have reviewed the accompanying combined financial statements of F.W. Carson Co., F.W. Carson Trucking Co., and Carson Equipment Corporation, which comprise the combined balance sheet as of December 31, 2022, and the related combined statements of income and retained earnings and cash flows for the year then ended, and the related notes to the financial statements. A review includes primarily applying analytical procedures to management's financial data and making inquiries of company management. A review is substantially less in scope than an audit, the objective of which is the expression of an opinion regarding the financial statements as a whole. Accordingly, we do not express such an opinion. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these combined financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of the combined financial statements that are free from material misstatement whether due to fraud or error. Accountant's Responsibility Our responsibility is to conduct the review engagement in accordance with Statements on Standards for Accounting and Review Services promulgated by the Accounting and Review Services Committee of the AICPA. Those standards require us to perform procedures to obtain limited assurance as a basis for reporting whether we are aware of any material modifications that should be made to the combined financial statements for them to be in accordance with accounting principles generally accepted in the United States of America. We believe that the results of our procedures provide a reasonable basis for our conclusion. We are required to be independent of F.W. Carson Co. & Affiliates and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our review. Edmonson bollard & Co., Ltd. -.- - - - 5426 Longley Ln, Ste A Reno, NV 89511 tel 775-323-843,3 - fax 775-323-8434 www.ednionsrrnlxillard.coni Accountant's Conclusion Based on our review, we are not aware of any material modifications that should be made to the accompanying combined financial statements in order for them to be in accordance with accounting principles generally accepted in the United States of America. Supplementary Information The supplementary information included in Schedules I to II is presented for purposes of additional analysis and is not a required part of the basic combined financial statements. The information is the responsibility of management and was derived from, and relates directly to, the underlying accounting and other records used to prepare the combined financial statements. The supplementary information has been subjected to the review procedures applied in our review of the basic combined financial statements. We are not aware of any material modifications that should be made to the supplementary information. We have not audited the supplementary information and do not express an opinion on such information. 4 �� -6- 7aw � 16 - J t 4 e;; /- Reno, Nevada April 27, 2023 F.W. CARSON CO. & AFFILIATES COMBINED BALANCE SHEET December 31, 2022 ASSETS CURRENT ASSETS Cash $ 4,384,329 Contract receivables, net of $10,000 allowance 2,186,942 Contract retention 849,702 Costs and estimated earnings in excess of billings 52 Total current assets 7,421,025 EQUIPMENT Office equipment 87,001 Construction equipment 6,200,983 Accumulated depreciation (3,022,405) Net equipment 3,265,579 OTHER ASSETS Investments in limited liability companies 1,318,824 Due from Incline Industrial Park, LLC 429,413 Due from stockholder 144,713 Total other assets 1,892,950 Total assets $ 12,579,554 See accompanying notes and independent accountants' review report. -5- F.W. CARSON CO. & AFFILIATES COMBINED BALANCE SHEET December 31, 2022 LIABILITIES AND STOCKHOLDER'S EQUITY CURRENT LIABILITIES Accounts payable Retention payable Billings in excess of costs and estimated earnings Federal income tax payable State income tax payable Due to stockholder Due to related parties Current portion of long-term debt Total current liabilities NON -CURRENT LIABILITIES Deferred income tax Long-term debt, net of current portion Total non -current liabilities Total liabilities STOCKHOLDER'S EQUITY Common stock, F.W. Carson Co, no par value, 2,500 shares authorized, issued and outstanding Common stock, F.W. Carson Trucking Co., no par value 2,500 shares authorized, issued and outstanding Common stock, Carson Equipment Corporation, no par value 2,500 shares authorized, issued and outstanding Additional paid -in capital Retained earnings Total stockholder's equity Total liabilities and stockholder's equity 316,126 7,268 7,211 459,748 46,993 355,394 104,404 331,992 1,629,136 888,000 366,964 1,254,964 2,884,100 18,000 9,677,454 9,695,454 $ 12,579,554 See accompanying notes and independent accountants' review report. -6- F.W. CARSON CO. & AFFILIATES COMBINED STATEMENT OF INCOME AND RETAINED EARNINGS For the Year Ended December 31, 2022 CONTRACT REVENUE $ 13,122,276 CONTRACT COSTS Labor and labor burden 4,476,888 Materials 1,014,772 Subcontractors 856,821 Equipment 2,116,708 Other 100,273 Total contract costs 8,565,462 Gross profit from contracting 4,556,814 AGGREGATE SALES 1,277,746 COST OF AGGREGATE SALES 840,231 Gross profit from aggregate operations 437,515 GENERAL AND ADMINISTRATIVE EXPENSES 1,833,705 Income from operations 3,160,624 OTHER INCOME (EXPENSE) Interest income 1,367 Partnership income (loss) (3,341) PPP loan forgiveness 414,108 Gain on sales of equipment 91,085 Other income 1,792 Interest expense (14,389) Total other income (expense) 490,622 Income before provision for income taxes 3,651,246 PROVISION FOR INCOME TAXES 716,212 NET INCOME 2,935,034 RETAINED EARNINGS, January 1, 2022 6,742,420 RETAINED EARNINGS, December 31, 2022 $ 9,677,454 See accompanying notes and independent accountants' review report. -7- F.W. CARSON CO. & AFFILIATES COMBINED STATEMENT OF CASH FLOWS For the Year Ended December 31, 2022 CASH FLOWS FROM OPERATING ACTIVITIES Cash received from construction contracts and aggregate sales $ 13,3131,072 Cash paid for contract costs, aggregate costs, and general and administrative expenses (I I,125,587) Income taxes paid (11,038) Interest income received 11,367 Other income received 11,792 Interest paid (14,389) Net cash provided by operating activities 23,165,217 CASH FLOWS FROM INVESTING ACTIVITIES Purchases of equipment (672,597) Proceeds from sales of equipment 1053,257 Advances to Incline Industrial Park, LLC (379,000) Net cash used by investing activities (6049,340) CASH FLOWS FROM FINANCING ACTIVITIES Principal payments on long-term debt (322,054) Net repayments to related parties (77,529) Net cash used by financing activities (3991,583) NET INCREASE IN CASH 1,161,294 CASH, January 1, 2022 392235035 CASH, December 31, 2022 $ 43,3849329 See accompanying notes and independent accountants' review report. -8- F.W. CARSON CO. & AFFILIATES COMBINED STATEMENT OF CASH FLOWS For the Year Ended December 31, 2022 RECONCILIATION OF NET INCOME TO NET CASH PROVIDED BY OPERATING ACTIVITIES Net income Adjustments to reconcile net income to net cash provided by Operating activities: Depreciation $ 419,157 Gain on sales of equipment (91,085) Partnership losses 33,341 PPP loan forgiveness (4105946) (Increase) decrease in assets: Contract receivables (6473,762) Contract retention (518,270) Costs and estimated earnings in excess of billings 78,429 Income tax refunds receivable 16,574 Increase (decrease) in liabilities: Accounts payable (264,296) Retention payable (173,984) Accrued expenses (262228) Federal income tax payable 45%607 State income tax payable 46,993 Deferred income tax 1823,000 Billings in excess of costs and estimated earnings 653 Total adjustments to reconcile net income NET CASH PROVIDED BY OPERATING ACTIVITIES SUPPLEMETAL CASH FLOW INFORMATION Non -cash investing and financing activities: Financed equipment purchases $ 2,935,034 (769,817) $ 2,165,217 $ 576,291 See accompanying notes and independent accountants' review report -9- F.W. CARSON CO. & AFFILIATES NOTES TO THE FINANCIAL STATEMENTS December 31, 2022 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Company's Activities - The financial statements include the combined activities of F.W. Carson Co., F.W. Carson Trucking Co., and Carson Equipment Corporation (collectively F.W. Carson Co, & Affiliates or "the Company"). Barbara Carson owns 100% of the issued and outstanding common stock of the three corporations. The affiliated companies generally conduct their construction operations as a single economic unit. All significant intercompany transactions have been eliminated in the preparation of these combined financial statements. The Company performs the majority of its work in Northern Nevada and Northern California. F.W. Carson Co. is a general contractor engaged primarily in general engineering and construction projects. The construction work is performed under fixed price bid contracts, cost- plus contracts and negotiated price contracts, most of which last less than one year. F.W. Carson Trucking Co. provides trucking services primarily for construction contractors. It has a motor carrier license with the United States Department of Transportation for hauling machinery, large objects, and dry commodities in bulk. Carson Equipment Corporation is engaged in heavy equipment leasing for the construction industry and operates on a fiscal year ending October 31; although for these combined financial statements, its activities have been adjusted to a calendar year end. All of Carson Equipment Corporation's leasing activity for the year ended December 31. 2022 was to F.W. Carson Co. and F.W. Carson Trucking Co. Revenue and Cost Recognition - Revenue is recognized in accordance with Accounting Standards Codification (ASC) Topic 606, Revenue from Contracts with Customers. The Company's general engineering and construction contracts generally contain one performance obligation that is satisfied over time, as the Company's performance typically creates or enhances an asset that the customer controls as the asset is created or enhanced. Customer payments are due over time based on project phases or the percentage complete as specified in the contract, with final payment being due at the time the project is completed and the customer accepts the project. The Company recognizes revenue from construction contracts using the cost -to -cost input method, which measures progress toward completion based on the percentage of cost incurred to date to estimated total cost for each contract. This method is used because management considers costs incurred to -date to be the best available measure of progress on the contracts. Because of inherent uncertainties in estimating costs, it is at least reasonably possible that estimates will change within the near term. Trucking service contracts with customers are included in contract revenue and are generally recognized at the time services are performed. -10- F.W. CARSON CO. & AFFILIATES NOTES TO THE FINANCIAL STATEMENTS December 31, 2022 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued Aggregate sales are recognized when the materials are sold which most often coincides with the time of delivery to the customer. Aggregate inventory balances are immaterial to the combined financial statements as of December 31, 2022. Contract costs include all direct and indirect labor and labor burden, materials, subcontractors, equipment and other costs. Costs of inefficiencies or wasted resources (material or labor) are excluded when measuring progress and are expensed as incurred. General and administrative costs are charged to expense as incurred. As contracts extend over one or more periods, changes in job performance, job conditions, and estimated profitability may result in revisions to costs and income, which are generally recognized in the period in which the revisions are determined. Changes in estimated job profitability resulting from variable consideration (such as incentives for completing a contract early or on time, penalties for not completing a project on time, claims for which the Company has enforceable rights, or contract modifications/change orders in which the scope of modification has been approved, but the price has not been determined or approved) are accounted for as changes in estimates in the current period, but are limited to an amount that will not result in a significant reversal of revenue in future periods (i.e. the probable amount). Provisions are recognized in the statement of income for the full amount of estimated losses on uncompleted contracts whenever evidence indicates that the estimated total cost of a contract exceeds its estimated total revenue. The Company generally warranties its work for one year after the date of acceptance. Warranties are considered part of the required product the Company is delivering and are not considered a separate performance obligation. Warranty costs for the year ended December 31, 2022 were immaterial. Contract assets include amounts due under contractual retainage provisions as well as "costs and estimated earnings in excess of billings," which represents revenues recognized in excess of amounts billed on construction contracts in progress. The contract liability, "billings in excess of costs and estimated earnings," represents billings in excess of revenues recognized on construction contracts in progress. Financial Statement Classification - In accordance with normal practice in the construction industry, the Company includes in current assets and liability amount realizable and payable over a period in excess of one year. Consistent with this practice, asset and liability accounts relating to construction contracts are classified as current. -11- F.W. CARSON CO. & AFFILIATES NOTES TO THE FINANCIAL STATEMENTS December 31, 2022 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued Estimates and Assumptions - The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Concentration of Risk - Cash includes amounts deposited into financial institutions that may, from time to time, exceed the insurable limits of the Federal Deposit Insurance Corporation (FDIC). The Company has not experienced any losses on such accounts. The Company had approximately $3,800,000 on deposit in excess of FDIC insurance limits as of December 31, 2022. Contract and retention receivables from two customers represent 42% of the total contract and retention receivables at December 31, 2022. Contract revenue from three customers accounted for approximately 49% of the total contract revenue for the year ended December 31, 2022. Contract Receivables and Contract Retention - Management has established an allowance for doubtful accounts of $10,000 as of December 31, 2022. The allowance for doubtful accounts is established on a specific identification basis, and if amounts become uncollectible, they will be charged to operations when that determination is made. Customer payments are typically due within 30 days. Amounts due under contract retainage provisions, where collection is contingent upon actual performance by the Company and/or acceptance by the owner, represent contract assets and are presented separately as contract retention on the balance sheet. Retainage that is based solely on the passage of time is included in contract receivables. Equipment - Equipment is recorded at cost and includes improvements that significantly add to its productivity or extend its useful life. Costs of maintenance and repairs are charged to expense. Upon retirement or disposal of equipment, the costs and related depreciation are removed from the accounts, and gain or loss, if any, is reflected in the earnings for both financial statement and income tax reporting purposes. Depreciation is provided for by using the straight- line method. The estimated useful lives used for calculating depreciation for equipment classifications are as follows: Office equipment Construction equipment Life 5-7 5-15 For the year ended December 31, 2022, depreciation of $418,876 was charged to contract costs and $280 was charged to general and administrative expenses. -12- F.W. CARSON CO. & AFFILIATES NOTES TO THE FINANCIAL STATEMENTS December 31, 2022 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued Investments in Limited Liabilitv Companies - The Company accounts for its LLC investments using the equity method of accounting. The LLC investments are initially recorded at cost, consisting of cash and the fair value of other assets contributed to the LLC, which is the same as the price paid to acquire the holding in the investee. The Company's annual share of earnings or losses from these investments increases or decreases the carrying amount on the balance sheet and is shown in the accompanying combined statement of income and retained earnings as partnership income (loss). The carrying costs of these investments are also increased or decreased to reflect additional contributions and distributions of capital. Any difference in the book equity and the Company's pro-rata share of the net assets of the investment will be reported as gain or loss at the time of liquidation of the investment. Advertisine- - Advertising costs are expensed as incurred and are charged to general and administrative expenses. For the year ended December 31, 2022, advertising expenses amounted to $5,913. Income Taxes - F.W. Carson Co. and F.W. Carson Trucking Co. are subject to U.S. federal and California corporate income taxes and report income on the accrual basis. Carson Equipment Corporation is subject to U.S. federal corporate income tax and reports income on the cash basis. All intercompany transactions between the three companies are reported for income tax purposes on the cash basis. Management has determined that the Company does not have any uncertain tax positions that materially impact the financial statements or related disclosures. Since tax matters are subject to some degree of uncertainty, there can be no assurance that the Company's tax returns will not be challenged by taxing authorities and that the Company or its stockholders will not be subject to additional tax, penalties, and interest as a result of such challenge. The Company's income tax returns for years prior to 2019 are no longer subject to examination by taxing authorities. Deferred taxes are recognized for differences between the basis of assets and liabilities for financial statement and income tax purposes. The differences relate primarily to depreciable assets (use of different depreciation methods and lives for financial statement and income tax purposes), income and expense recognition methods, and the basis in its investments in partnerships. The deferred tax assets and liabilities represent future tax return consequences of those differences, which would be either deductible or taxable when the assets and liabilities are recovered or settled. Deferred taxes are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. Deferred tax assets and liabilities are offset and presented as a single, noncurrent amount on the balance sheet. Adontion of FASB ASC 842 - Effective January 1, 2022, the Company adopted FASB ASC 842, Leases. The Company determines if an arrangement contains a lease at inception based on whether the Company has the right to control the asset during the contract period and other facts and circumstances. The Company elected the package of practical expedients permitted under the transition guidance within the new standard, which among other things, allowed it to carry forward the historical lease classification. -13- F.W. CARSON CO. & AFFILIATES NOTES TO THE FINANCIAL STATEMENTS December 31, 2022 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Continued The new standard establishes a right -of -use (ROU) model that requires a lessee to record an ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases are classified as either finance or operating, with classification affecting the pattern of expense recognition in the income statement. Leases with a term of less than 12 months will not require an ROU asset and lease liability and the payments will be recognized into profit or loss on a straight-line basis over the lease term. The adoption of FASB ASC 842 did not have a material impact on the Company's results of operations, cash flows or debt covenants. 2. CONTRACT BALANCES Costs and estimated earnings on construction contracts in progress contrast related billings as follows as of December 31, 2022: Contract costs to date $ 8,744,679 Gross profit (loss) to date 2.268.639 Earned contract revenue 11,013,318 Contract billings to date 11.020.477 Net under (over) billings $ (7.159) These amounts are included in the accompanying balance sheet under the following captions as of December 31, 2022: Costs and estimated earnings in excess of billings $ 52 Billings in excess of costs and estimated earnings (7.211) Net under (over) billings $ (7,159) The balance in contract receivables was $2,186,942 and $1,539,180 as of December 31, 2022 and 2021, respectively. The balance in contract retention was $849,702 and $331,432 as of December 31, 2022 and 2021, respectively. 3. INVESTMENTS IN LIMITED LIABILITY COMPANIES F.W. Carson Co. is the managing member of Incline Industrial Park, LLC and owns a 50% capital interest and a 100% interest in profits and losses, although certain expenses (such as depreciation) are specially allocated between the members in accordance with the operating agreement. The Company's share of losses from Incline Industrial Park, LLC was $22,238 for the year ended December 31, 2022. The carrying value of the investment was $1,050,958 as of December 31, 2022. -14- F.W. CARSON CO. & AFFILIATES NOTES TO THE FINANCIAL STATEMENTS December 31, 2022 3. INVESTMENTS IN LIMITED LIABILITY COMPANIES, Continued F.W. Carson Co. is the managing member of C4 Equity, LLC and owns a 33.33% interest in its capital, profits and losses. The Company's share of income from C4 Equity, LLC was $18,897 for the year ended December 31, 2022. The carrying value of the investment was $267,865 as of December 31, 2022. Summarized financial information by entity accounted for under the equity method, as of and for the year ended December 31, 2022, is presented below. The financial statements for these entities were prepared by management of the respective companies. They have neither been audited nor reviewed and, therefore, the Company has no assurance whether these financial statements are in accordance with accounting principles generally accepted in the United States. Balance sheets: Current assets Buildings, net of accumulated depreciation Land Other assets Total assets Current liabilities Due to F.W. Carson Co. Total liabilities Members' equity Total liabilities and members' equity Statements of income: Income Operating expenses Depreciation expense Net income (loss) Incline Industrial Park C4 Eauitv $ 98,102 $ 133,716 429,268 234,338 2,130,000 89,400 305,519 - $ 2,962,889 $ 457,454 $ 6,754 $ 114,861 429,413 - 436,167 114,861 2,526,722 $ 2,262,882 342.593 $ 457,454 $ - $ 72,000 22,238 7,322 23,362 7.989 $ (45,600) $ 56.689 -15- F.W. CARSON CO. & AFFILIATES NOTES TO THE FINANCIAL STATEMENTS December 31, 2022 4. LONG-TERM DEBT Long-term debt consists of the following equipment notes as of December 31, 2022: Pavable Interest Within After Rate One Year One Year Note payable to CAT Financial, secured by a CAT 366 excavator, monthly principal and interest payments of $8,603, due May 2023 1.45% $ 43,146 $ - Note payable to CAT Financial, secured by a CAT 415 F2IL Loader, monthly principal payments of $1,670, due December 2023 0% 21,709 Note payable to CAT Financial, secured by a CAT 430 F2 Loader, monthly principal payments of $2,837, due October 2023 0% 42,550 Note payable to CAT Financial, secured by a CAT 938M Wheel Loader, monthly principal payments of $4,664, due October 2023 0% 69,959 - Note payable to CAT Financial, secured by a CAT 259D, monthly principal payments of $1,176, due October 2025 0% 14,111 25,870 Note payable to CAT Financial, secured by a CAT CC4.0-06 Asphalt compactor, monthly principal and interest payments of $2,430, due April 2025 2.9% 27,689 35,762 Note payable to a financial institution, secured by a 2018 GMC Sierra, monthly principal and interest payments of $955, due April 2027 4.69% 9,596 34,484 -16- F.W. CARSON CO. & AFFILIATES NOTES TO THE FINANCIAL STATEMENTS December 31, 2022 4. LONG-TERM DEBT, Continued Pavable Interest Within After Rate One Year One Year Note payable to CAT Financial, secured by a CAT 309-07CR, monthly principal payments of $2,958, due May 2027 0% $ 35,500 $ 121,293 Note payable to CAT Financial, secured by a CAT CP4413, monthly principal and interest payments of $3,771, due March 2026 6.25% 38,029 94,749 Note payable to a financial institution, Secured by a 2022 GMC, monthly principal and interest payments of $1,797, due June 2025 4.99% 19,486 31,122 Note payable to a financial institution, secured by a Trimble SPS930, monthly principal payments of $851, due July 2026 0% 10.217 23,684 For the year ended December 31, 2022, equipment interest expense amounted to $7,999, which was recorded as a contract cost in the combined statement income and retained earnings. Aggregate maturities on long-term debt are as follows: Year Ending December 31: 2023 2024 2025 2026 2027 $ 331,992 159,343 128,990 63,698 14,933 -17- F.W. CARSON CO. & AFFILIATES NOTES TO THE FINANCIAL STATEMENTS December 31, 2022 S. CONTRACT BACKLOG The following schedule is a reconciliation of contract backlog representing signed contracts as of December 31, 2022: Balance, January 1, 2022 New contracts and contract adjustments during the year ended December 31, 2022 Less contract revenue and gross profit earned during the year Balance, December 31, 2022 Contract Revenue $ 6,262,426 15,849,192 13.122.276 Gross Profit $ 1,414,598 3.845.590 5,260,188 4.556.814 $ 2,726.916 $ 703,374 6. RELATED PARTY TRANSACTIONS Affiliated Companies - F.W. Carson Co. and F.W. Carson Trucking Co. lease construction equipment from Carson Equipment Corporation on a monthly basis and utilize the motor carrier license held by F.W. Carson Trucking Co. for transportation of materials. All intercompany transactions and balances owed between companies have been eliminated in these combined financial statements. Carson Equipment Corporation leases its shop space to store its equipment on a month -to -month lease, requiring monthly payments of $6,000, from C4 Equity, LLC, an entity partially owned by F.W. Carson Co (see Note 3). The exercise of the renewal options is at the sole discretion of the Company, and only lease options that the Company believes are reasonably certain to be exercised are included in the measurement of the lease assets and liabilities. Management has determined that this leasing arrangement is a short-term lease under the new lease accounting standard. The short-term lease cost included in contract costs was $72,000 for the year ended December 31, 2022. Incline Industrial Park. LLC - The Company has made cash advances to Incline Industrial Park, LLC (IIP, LLC). The advances have no defined repayment terms and currently bears no interest. Management has classified this note as an other asset since it is not expected to be repaid before December 31, 2023. Advances of $37,000 were made to IIP, LLC during the year ended December 31, 2022, and the balance was $429,413 as of December 31, 2022. The Company also utilizes the office, shop and yard currently owned by IIP, LLC. See Notes 3 and 8. Stockholder Advances - The Company made advances to Barbara Carson, the Company's sole stockholder, in years prior to 2022, and the balance due from the stockholder as of December 31, 2022 and 2021 was $144,713. These advances bear no interest and have no defined repayment terms and have been classified as an other asset in the accompanying combined balance sheet. -18- F.W. CARSON CO. & AFFILIATES NOTES TO THE FINANCIAL STATEMENTS December 31, 2022 6. RELATED PARTY TRANSACTIONS, Continued The stockholder has also made advances to F.W. Carson Co. which accrue interest at 5% per annum and have no defined repayment schedule. Interest is typically paid annually to the stockholder and for the year ended December 31, 2022, no principal payments were made. The balance due to the stockholder as of December 31, 2022 was $355,394. Other Related Parties - The Company has demand notes due to related parties that have no defined repayment schedules, but which accrue interest at 5% per annum. The Company made principal payments of $45,816 and $31,713 to Troy Carson and Rian Carson, respectively (children of the Company's stockholder) for the year ended December 31, 2022. Demand notes are due to the following related parties as of December 31, 2022: Troy Carson Rian Carson Total $ 102,304 2.100 Interest expense for the year ended December 31, 2022, amounted to $13,963 and is included in other expenses on the accompanying combined statement of income and retained earnings. 7. PROVISION FOR INCOME TAXES For the year ended December 31, 2022, the income tax expense consisted of: Current income tax expense Federal $ 485,219 State 48.993 Current income tax expense 534,212 Deferred income tax expense Federal 182.000 Total income tax expense $ 716,212 The federal deferred tax liability of $894,000, arising primarily from book and tax depreciation differences, is offset by a $6,000 deferred tax asset related to income and expense timing differences as of December 31, 2022. There were no state deferred tax assets or liabilities as of December 31, 2022. -19- F.W. CARSON CO. & AFFILIATES NOTES TO THE FINANCIAL STATEMENTS December 31, 2022 8. LITIGATION F.W. Carson Co. is the managing member of Incline Industrial Park, LLC (the "LLC"). On December 19, 2012, the other member of the LLC issued a notice to F.W. Carson Co. of his election to exercise his right to restructure the investment in the LLC. Under the terms of the operating agreement, on the restructure date, the withdrawing member's net capital is deemed to be converted to a liability of the LLC, effectively making the LLC solely owned by F.W. Carson Co. However, due to ongoing litigation surrounding this restructure, the LLC has remained a partnership for federal income tax purposes and the Company continues to report its investment as such in its financial statements. The daily operating activity of the storage unit grounds of the LLC was transferred to the withdrawing member and the remaining income and loss of the LLC is allocated to F.W. Carson Co. As of the issuance date of these financial statements, management is unable to make a determination as to the eventual outcome of the litigation; however, once complete, the remaining asset of the LLC, which consists of the original land contributed by F.W. Carson Co. would become an asset of the Company with a carryover tax basis, net of any remaining liability to the withdrawing member. 9. PAYCHECK PROTECTION PROGRAM In response to the coronavirus (COVID-19) pandemic in 2020, the U.S. Federal Government enacted the Coronavirus Aid, Relief, and Economic Security Act that, among other economic stimulus measures, established the Paycheck Protection Program (PPP) to provide small business loans. In April 2020, F.W. Carson Co. and F.W. Carson Trucking Co. obtained PPP loans for $318,200 and $44,1.00, respectively. In April 2021, the Companies obtained second draw of PPP loans for $357,162 and $53,784, respectively. Both Companies received approval for forgiveness of the first draw of PPP loans and accrued interest in 2021 and forgiveness of the second draw of PPP loans and accrued interest in 2022. The aggregate combined face amount of the forgiven second draw of PPP loans of $410,946 and accrued interest of $3,162 is presented as other income on the accompanying combined statement of income and retained earnings as of December 31, 2022. 10. SUBSEQUENT EVENTS As part of the federal CARES Act Stimulus Package, qualifying employers are eligible for refinable employee retention tax credits. F.W. Carson Co. and F.W. Carson Trucking Co. have outstanding employee retention credits of approximately $100,117 and $24,501, respectively, which are being accounted for under FASB ASC 450-30 as contingent gains, and therefore will be recognized as other income in the year received. Management has reviewed events that have occurred after December 31, 2022 and through the issuance date of the financial statements on April 27, 2023. Management has determined there are no material transactions that have not been disclosed. -20- F.W. CARSON CO. & AFFILIATES SCHEDULE COMBINING BALANCE SHEETS December 31, 2022 F.W. Carson F.W. Carson Equipment Combining Carson Co. Trucking Co. Corporation Entries Total ASSETS CURRENT ASSETS Cash S 781,167 $ 78,120 $ 3,525,042 $ - $ 4,384,329 Contract receivables, net ofallowance 1,850,126 343,410 - (6,594) 2,186,942 Contract retention 849,702 - - 849,702 Costs and estimated earnings in excess of billings 52 - - 52 Total current assets 3,481,047 421,530 3,525,042 (6,594) 7,421,025 EQUIPMENT Office equipment 70,223 - 16,778 - 87,001 Construction equipment - 6,200,983 - 6,200,983 Accumulated depreciation (44,122) (2,978,283) - (3,022,405) Net equipment 26,101 3,239,478 - 3,265,579 OTHER ASSETS Investments in limited liability companies 1,318,824 - - - 1,318,824 Due from Incline Industrial Park, LLC 429,413 - - 429,413 Due from stockholder 144,713 - - - 144,713 Due from related companies - - 448.900 (448,900) - Total other assets 1,892,950 - 448,900 (448,900) 1,892,950 Total assets S 5,400,098 $ 421,530 $ 7,213,420 $ (455,494) $ 12,579,554 LIABILITIES AND STOCKHOLDER-S EQUITY CURRENT LIABILITIES Accounts payable S 266,155 $ 45,573 $ 10,992 $ (6,594) $ 316,126 Retention payable 7,268 - - 7,268 Billings in excess of costs and estimated earnings 7,211 - - 7,211 Federal income tax payable 343,279 3,626 112,843 459,748 State income tax payable 46,168 825 - 46,993 Due to stockholder 355,394 - - 355,394 Due to related parties - 36,901 67,503 104,404 Due to related companies 448,900 - - (448,900) - Current portion of long-term debt - - 331,992 - 331,992 Total current liabilities 1,474,375 86,925 523,330 (455,494) 1,629,136 NON -CURRENT LIABILITIES Deferred income tax 211,000 - 677,000 888,000 Long-term debt, net of current portion - - 366,964 - 366,964 Total non -current liabilities 211,000 - 1,043,964 1,254,964 Total liabilities 1,685,375 86,925 1,567,294 (455,494) 2,884,100 STOCKHOLDER'S EQUITY Additional paid -in capital 2,000 6,000 10,000 18,000 Retained earnings 3,712,723 328,605 5,636,126 9,677,454 Total stockholder's equity 3,714,723 334,605 5,646,126 9,695,454 Total liabilities and stockholder's equity S 5,400,098 $ 421,530 S 7,213,420 $ (455,494) $ 12,579,554 See independent accountants' review report. S-1 CONTRACT REVENUE CONTRACT COSTS Labor and labor burden Materials Subcontractors Equipment Other F.W. CARSON CO. & AFFILIATES SCHEDULE II COMBINING STATEMENTS OF INCOME AND RETAINED EARNINGS For the Year Ended December 31, 2022 F.W. Carson F.W. Carson Equipment Carson Co. Trucking Co. Corporation $ 12,372,445 $ 1,603,895 $ 2,536,877 Total contract costs Gross profit from contracting AGGREGATE SALES COST OF AGGREGATE SALES Gross profit from aggregate operations GENERAL AND ADMINISTRATIVE EXPENSES Income from operations OTHER INCOME (EXPENSE) Interest income Partnership income (loss) PPP loan forgiveness Gain on disposition of equipment Other income Interest expense Total other income (expense) Income before provision for income taxes PROVISION FOR INCOME TAXES NET INCOME RETAINED EARNINGS, January 1, 2022 RETAINED EARNINGS, December 31, 2022 Combining Entries Total $ (3,390,941) $ 13,122,276 3,980,328 496,560 - - 4,476,888 1,014,772 - - - 1,014,772 856,821 - - - 856,821 3,647,849 981,156 878,644 (3,390,941) 2,116,708 52,817 16,033 31,423 - 100,273 9,552,587 1,493,749 910,067 (3,390,941) 8,565,462 2,819,858 110,146 1,626,810 - 4,556,814 1,277,746 - - - 1,277,746 840,231 - - - 840,231 437,515 - - - 437,515 1,590,318 54,391 188,996 - 1,833,705 1,667,055 55,755 1,437,814 - 3,160,624 7 - 1,360 - 1,367 (3,341) - - - (3,341) 359,902 54,206 - - 414,108 - - 91,085 - 91,085 1,792 - - - 1,792 (13,963) (426) - - (14,389) 344,397 53,780 92,445 - 490,622 2,011,452 109,535 1,530,259 - 3,651,246 389,021 11,348 315,843 - 716,212 1,622,431 98,187 1,214,416 - 2,935,034 2,090,292 230,418 4,421,710 - 6,742,420 $ 3,712,723 $ 328,605 $ 5,636,126 $ - $ 9,677,454 See independent accountants' review report. S-2 � w s KNOW ,ALL. MEN BY THESE PRESENTS, That F. W. Carson Co. as Principal, and The Ohio Casualty Insuran Comnanv as Surely, are held and firmly bound unto SOUTH TAHOE PUBLIC UTILITY DISTRICT, hereinafter called "OWNER," in the sum of Ten Percent of Total Amount Bid _ dollars, (Not less than 10 percent of the total amount of Bid) for the payment of which sum, well and truly to be made, we bind ourselves, our heirs, executors, administrators, successors, and assigns, jointly and severally, firmly by these presents. WHEREAS, said Principal has submitted a Bid to said OWNER to perform the WORK required under the bidding schedule(s) of the OWNER's Contract Documents entitled: 2024 Herbert Walkup Pipeline Replacement Project. NOW, THEREFORE, If said Principal is awarded a contract by said OWNER and, within the time and in the manner required in the "Notice Inviting Bids" and the "Instructions to Bidders" enters into a written Agreement on the form of agreement bound with said Contract Documents, furnishes the required certificates of insurance, and furnishes the required Performance Bond and Payment Bond, then this obligation shall be nult and void, otherwise it shall remain in full force and effect. FURTHERMORE. Surety, for value received, hereby stipulates and agrees that no change, extension of time, alteration or addition to the terms of the Contract Documents shall in affect its obligation under this bond, and Surety does hereby waive notice of such changes. In the event suit is brought upon this bond by said OWNER and OWNER prevails, Surety shall pay all costs Incurred by said OWNER in such suit, including attorney's fees and costs.. SIGNED AND SEALED, this 22nd day of, November 2d23 F.W. Carson Co. (Principal) (SignatuL08F—Principal) (Title) Surety The Ohio Casually Insurance Company (Signature for Surety) (Title) Dona Lisa Suschmanr,, Alto rney-In-Fact niov;OE6ER 2a23 SFCTION 00,11 oa 2024 HERBERT WALKUP PIPELINE REPLACEMENT PROJECT BID FORMS 1i Surety's address In California for service of process: 2710 Gateway oaks Drive, Suite 150N, Sacramento, CA 58833-350 A notary public or other officer completing this certificate verifies only the Identity of the individual who signed the document to which this certificate Is attached, and not the truthfulness, accuracy, or validity of that document. STATE OF CALIFORNIA ) ) SS. COUNTY OF ) On before me, , personally appeared , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) Is/are subscribed to the within instrument as the representative of the Surety acknowledged to me that he/she executed the same In his/her authorized capacity, and subscribed the name of the . (Surety) thereto and his/her own name as the representative of the Surety. I certify under penalty of perjury under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Notary Public In and for said State (SEAL) Commission expires: NOTE: A copy of the Power -of -Attorney to local representatives of the bonding company must be attached hereto. NOVMEBER 2023 SECTION 00 41 OD 2024 HERBERT WALKUP PIPELINE REPLACEMENT PROJECT BID FORMS 18 ACKNOWLEDGMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of Placer On November 22, 2023 before me, K. Hanley, Notary Public (insert name and title of the officer) personally appeared Dona Lisa Buschmann who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. s••-� � K. HA^iLEY `'may 140tari Pubit . Caiifcrg9a x ?lacer Counc� ,- Commission : 23804 nn MY 4amm. Expires vov 30, 2025 Signature 1 rfl [!t (Seal) .�. This Power oI Apomey Itmite Ste aete of thole nerved hereto, and they have no authority to blrtd the Company except in the manner and to the extent herein stated. Liberty Liberty Mutual Insurance Company Mutual. The Ohlo Casualty Insurance Company Certifitsie No: 8210343.977442 West American insurance Company SURETY POWER OF ATTORNEY KNOWN ALL PERSONS BY THESE PRFJJEIITS: That The Ohio Casualty insurance Company Is a corporation drdy organized under the laws of the State of New Hampshire, that �Q�aw�a corporation �oWnized and Stalo anduly d under ttawsofSSmwofIndiana pu�toand authort hhesbCldaherebyname to d Alexis Estrada. Dona Lisa Buschman. Edward D. Johnson J. Buschman, Julie A. Shiromn. K. Hanlev,, Kathv Ranad. Maasic Bender -Johnson. Robert D. Laux eg of the city of RC)'WMIIC state of CA each Indlvldu" It there be more than one named, Its true and lawful a torseyfo-fad to make, execute, seal, adlrtewledge and deliver, for and on Its behalf as surety and as its act and deed, any and all undartak(ngs, bands. recognizances and other surety obligations, in pursuance of these presents and shag be as bindtng upon the Companies as if they ham been duty signed by the proddent and attested by the seerelary of the Companies In then own proper persons. IN WITNESS WHEREOF, this Powerof Attorney has been subscribed by an authorized of m or official of the Companies and the corporate seats of the Companies have boon attbced iheroothis 2&h dayof June 2023 . Liberty Mutual Insurance Company tNet/ , Y IMrta�G 1ti8t1 The Ohio Casualty Insurance Company WestAmerican insurance Company 1912 n 1919 1991 0 1-4 �' a a+x,11► ore ��a�v,�� /' 2 BY: David M. Ca ZtSecretBry rey, IState of PENNSYLVANIAA ,..County of MONTGOMERY 3 On this 28th day of June 2023 before me personally appeared David M. Carey, %ft acknowledged himself to be the Assistant SecrelaryelLiberty Mutual Insurance combed by Signing on b ooff.tand West Arrvican he corporations by tit Insurance a duty authorized oand fficer. IN as such, bang authorized so o do, eel to the foregoNp Instrument for the purposes thereh IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed my notarial seat at Plymculh Meeting, Penmsyhrarda, on the day and year first above written. o®rp%'R�' cCa• Tumpsok p �maaPmur►oMyhie�ylcnA4rd�2a2=5 Teresa Pastella, Notary Ptd%ie z�$ This PowerofAttemey Is madeand executed pursuant to and by authority of the fogwving Bydaws and Authorizations of The Ohio Casualty knwanoe Company, Liberty Mutual Insurance oY r- Company, and Was[ American Insurance Company whIch resdutbns are now In full force and affect reading as Wows: ARTICLE IV- OFFICERS: Sectbn 1 Z Power of Attomey. Any olticar cr otheroWal of the Coryaation authorized brthaf purpose hn wrung by the Charman or the President, and subject to such gmttatba as the Chairman or the Presider m a may prescribe, shag appow such attomeybdn-lad, as may be naoassary to ad to behffit of the Corporation to make, execute. seal, edcrlo* Wge and desver as surety any and eg undfftsJd sgs, bands. :. , v +, and other surety Otn4pafans Such attcmeys•firFfad, subjad to the Imitaticas sel forth In theft respective powers of attorney. shall have w c power to bind the Corporation by their signature and execution of any such Instruments and to attach thereto the seal of the Corpotalton. When so executed, such instruments shag yt Z be as binding as it signed by the President and at;estad to by Bre Seeatary. Any per or a 2*ty granted to any repmentethre or attorneytn-lact under the pm*bns of Oft 9i12d article may be revolted at airy bme by the board, the Chairman, the Presidwn or by the officer or 0€cans granting such porgy or authority. I CL ARTICLE Xis — Execution of Contracts: Sectbo 6. Surety Bands and Ur*rt3MMs. Any offker of the Company authorized forgo purpose in wd*q by the chatman or the !redder, and subject to such I milasons es do chairman or the presider may prescribe — -- shag appoid such attsmeys4n-fad, as may be naoasssry to act in behal of the Company to make, execute. seal, adutordedge and dormer as surety any and ag undedaldngs, — bonds, recogrdzences and other surety obligations. Such attorneys -in -tact subject to the iknitetbrs set forth In their respective powers of attorney. shall have fug power to Und the signed by by president Signature and and execution d by the of any ytarych Instruments and to attach thereto the seal of the Company. When so executed such Instruments shag be as binding as s Certificate of Oeshgnailon — The President of the Company, acting pursuant to the Bylaws of the Company, authorizes David M. Caray, Ass! Wt Secretary to appoint such attorneysan- fad as may be necessary to ad on behalf of the Company to make, execute. seal, admoWedge and deliver as surety any and ail undertakings, bonds, and other surety otligatbls. Authorization — By unanknous consent of the Company's Board of Dhedere, the Company eonsom that facsimile ormecharJcagy reproduced 9gaakre of any m0slant secretary of the comps e,f"teravertxoe and"Upo� at6xpyof any Pow of anon ey Issued by the Company In come him vrlth surely, bonds, shall be vend and btrnding upon the Company with thesar I, Renee G Usweop, the understood. Assistant Secretary, T" CasnrFltgl[�snuance Company, Libo Mutual trsuranee Company. and Wriest Ameri= Insurance Company do hereby oedi(y that the original power of attorney d vdtldn 1hleio`at rng a tug,0ue ab�ee y3cl copy of the tower of Attorm exaladed by said Companies, is in fug ►arse and effod and has rot bow revoked. IN TESTMMY WHEREOF, I have hereunto set my hang afG affxedthe seals O(U) Wli?> v this 22nd day of November 2023 . ltrstr ^ — •tr trv8� =-_xat+sU,q� 1912 p ' 1919 9 By: Rank C. Llexesyn, ASsistattt Secretary LA18.125" LMIC OCIC WAIC 015 Co 0=1 ACKNOWLEDGMENT OF INSURANCE REQUIREMENTS This Document Must Be Fuliv Executed By Contractor and Submitted With The Bid The following insurance requirements have been adopted by The South Tahoe Public Utility District hereinafter designated the "OWNER," and shall be applicable to this Contract. Insurance Requirement Summary The CONTRACTOR shall furnish, prior to Notice to Proceed, Insurance Certificates and Endorsements as set forth in Section 00 20 00, Part 2.08.D and Section 00 73 00, Supplementary Conditions, Part 2.01. No other insurance documents shall be accepted in substitution of, nor in addition to, those set forth in Section 00 20 00, Instructions for Procurement. insurance requirements and coverage will be in accordance with Section 00 73 00, Supplementary Conditions, Part 2.01. The CONTRACTOR shall not commence work under this Contract until all insurance required under this treading is obtained in a form acceptable to OWNER, nor shall the CONTRACTOR allow any Subcontractor to commence work on a subcontract until all insurance required of the Subcontractor has been obtained. I j roy Cogs V the V cue- V Y`GS io "Vv of F.W , Ca -govx Co. (Insert Title) (Name of Company or Corporation or Owner) certify that the Insurance Requirements Summary has been read and understood and that as a material consideration of our bid, we are able to provide the document and coverage specified. Signature--oTPresident, Secretary, Manager, Owner, or Representative Date: 12I 15 I z3 NOVMEBER 2023 SECTION 00 41 00 2024 HERBERT WALKUP PIPELINE REPLACEMENT PROJECT BID FORMS 19 GENERAL ENGINEERING CONTRACTORS Companv Signature Authorization The individuals below are authorized to sign for all matters relating to F.W. Carson Company business including bids, contracts, checks, etc. as deemed necessary for compliance with Federal, State, and/or local regulations applicable to business. COMPANY OFFICERS , Name: i ' Signature: %� i Title: (printed name) Name: Signature: Title: (printed name) President, CEO, or Executive Director: e4d— �tC, (printed name) Email address: 44ALg— Sen Le - to yl Signature: 12'.� a...._. iR...; _ Date: e-•2 .2a.23 State of Nevada I, County of Ia�"r `", p This instrument was acknowledged before me on ............................................... (...a............... .......... I CATHY RHAESA Notary PubtI. - 5tale of Nevada € Appairttment Rewrded in Washce County No: 93.3823.2 • Expires February 2, 2025 (Notarial Stamp) 4' '' I. I �' V �. �i by I �� l� j i_Q.� So=� � �Otri ►�c�a.___ (date) (name of person)�ti Ck (Signature of Notarial Office` 1064 Tahoe Blvd. Incline Village, NV 894511 Phone (775) 831-5008 1 Fax (775) 831-5068 1 NV License 44726 1 CA License 6182861 DIR 1000014905 1 www.fwcarsonco.com THIS PAGE INTENTIONALLY LEFT BLANK NOVMEBER 2023 SECTION 00 41 00 2024 HERBERT WALKUP PIPELINE REPLACEMENT PROJECT BID FORMS 20 CERTIFICATION BY CONTRACTOR'S INSURANCE BROKER This Document Must be Fully Executed By Contractor's Insurance Broker and Submitted With the Bid Roger Cole (Individual's name and brokerage name) LP Insurance Services, LLC (Insurance Company) for FW Carson Comoanv (Contractor) , am an authorized representative of This company is the insurance broker ("Contractor"). By my signature below, I hereby attest to the following: 1. I have reviewed the insurance requirements for the South Tahoe Public Utility District's 2024 Herbert Walkup Pipeline Replacement Project ("Project"), including the requirements set forth in Section 00 73 00, Supplementary Conditions, Part 2.01 of the Contract Documents. 2. The Contractor is eligible to be insured for the policies necessary to satisfy the insurance requirements for the Project. This certification is not intended to be binding of coverage and oes not modify and/or alter the terms and conditions of the insurance policie • ued to �a c r. Date. 12/14/2023 (Sig an ure of authorized representative) for-.Y15UfiaiYt��t.-Lo. A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State ofGB!+iernia NQ.IC.Ld.Q ) ) ss. County of l *Y1 Z�1 e ) QVT1 on 12/14/2023 before me. 1`{c.)Kcari, personally appeared '14[-t`i -P r 0A e , who proved to me on the basis of satisfactory evidence to be the person(s) nose name(s) is/are subscribed to the within instrument and acknowledged to me that helshe/they executed the same in his/her/their authorized capacity(ies), and that by hislherltheir signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. CAREY M{JRC7AN Notary Public • Stale of Nevada / pp0-65183-Itc ipirvdS 1U $hcembar County c No:00.65t83.2 - Etipues ScpiernCLr22, 2025 Notary Public n' ............................... NOVMEBER 2023 SECTION 00 41 00 2024 HERBERT WALKUP PIPELINE REPLACEMENT PROJECT BID FORMS 21 THIS PAGE INTENTIONALLY LEFT BLANK NOVMEBER 2023 SECTION 00 4100 2024 HERBERT WALKUP PIPELINE REPLACEMENT PROJECT BID FORMS 22