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Council members press DOF on cost estimates, 10% contingency and pricing accuracy for Vibrant Denver
Summary
Councilmembers raised multiple concerns that project cost estimates provided to the executive committee appear inflated in some cases and sought clarity on the proposed 10% contingency (noting the charter requires 2%); DOF defended the market-average contingency and described monitoring and project-level contingencies.
Council members in Denver's Geo Bond Working Group questioned Department of Finance staff Wednesday about project cost estimates and the bond's contingency approach, providing several specific examples they said show the executive committee is working with inflated pricing.
Councilwoman Vida Sawyer asked DOF to provide exact ballot and companion ordinance language before committee review and to list which projects are included in the citywide programs. She also raised concerns about contingency calculations, asking whether the proposed 10% is in addition to the charter-required 2%. DOF replied that the 2%…
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