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WESIP quarterly report: program momentum and potential bid savings, but water revenues fall short
Summary
WESIP staff reported progress on dozens of regional and local projects and preliminary bid results that could produce large savings; the commission also heard a KPMG audit clean opinion and a finance report projecting roughly $21M in water revenue shortfall for the year amid continued conservation.
Julie LaBonte, WESIP director, told commissioners the program is moving forward with more projects entering construction and several contracts awarded below engineer estimates. She reported the program total at about $4.59 billion and said early bid results for Bay Division pipeline and tunnel work could yield potential savings on the order of tens of millions of dollars, which would materially offset recently reported cost variances.
KPMG partner Steven Devater presented the independent annual audit and issued an unqualified (clean) opinion, reporting no material weaknesses or significant deficiencies in…
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