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Bid Packet
BIDDER'S ITEMIZED PROPOSAL AND DECLARATIONS City of Carmel Instructions To Bidders: This form shall be utilized by all Bidders. Except as otherwise specifically provided, all Parts shall be fully and accurately filled in and completed and notarized. Project: Carmel Drive Trail Project Proposal For Construction of : The installation of a new HMA Multi -use Path (Trail) along the north side of Carmel Drive from just east of Old Meridian Street to Arbor Drive, and a new HMA Multi -use Path (Trail) along the north side of Carmel Drive and a new concrete sidewalk along the south side of Carmel Drive between just east of Chase Court and 3rd Avenue Southwest. Detailed construction plans and locations are included with the roadway construction plans. Date: )a1( To: City of Carmel, Indiana, Board of Public Works and Safety Version 2016-08-31 by the Contract Documents. The liquidated damages shall be $500 per day for Substantial Completion date of December 15, 2016, and $250 per day for Final Completion date of January 15, 2017. 9.2. The per diem rate(s) of liquidated damages established by the preceding sub -section have been determined and are intended as reasonable prospective estimate(s) of the type and amount of actual damages which the OWNER may sustain in the event of such delay(s). Submission of a Bid shall constitute an unconditional acknowledgment and Agreement by the Bidder that such liquidated damages are fair and reasonable and do not and will not constitute a penalty, and that such liquidated damages may be assessed and recovered by the OWNER as against the successful Bidder and its Surety in lieu of actual damages for delayed completion. END OF INSTRUCTIONS TO BIDDERS ITB -8f\2013\13-3073 cannel drive path\design\documents\contract documents\misc stufi\front PART 1 BIDDER INFORMATION (Print) 1.1 Bidder Name: 0 L C 09t� c 1.2 Bidder Address: Street Address: City: Lcloni , 11(�e- State: Zip: huoc Phone: Stla- q, -020S Fax: M-93,4-643- 1.3 -93,4-643- 1.3 Bidder is a/an [mark one] Individual Partnership Indiana Corporation Foreign (Out of State) Corporation; State: Joint Venture Other 1.4 [The following must be answered if the Bidder or any of its partners or joint venture parties is a foreign corporation. Note: To do business in or with the City of Carmel, Indiana, foreign corporations must register with the Secretary of the State of Indiana as required by the Indiana General Corporation Act as stated therein and expressed in the Attorney General's Opinion #2, dated January 23, 1958.] .1 Corporation Name: .2 Address: .3 Date registered with State of Indiana: .4 Indiana Registered Agent: Name: Address: Version 2016-08-31 PART 2 BID PROPOSAL 2.1 Base Bid The undersigned Bidder proposes to furnish all necessary labor, machinery, tools, apparatus, materials, equipment, service and other necessary supplies, and to perform and fulfill all obligations incident thereto in strict accordance with and within the time(s) provided by the terms and conditions of the Contract Documents for the above described Work and Project, including any and all addenda thereto, for the Unit Prices applicable to the Contract Items as stated in Part 3 hereof, which Unit Prices, when multiplied by estimated unit quantities for s ch Contract Items, total o;r 1`.,,.n��vU -1 �Wt� 4� 0✓%Vn,� l : S'ti qtrPW Dollars ( 0 $ [ k5 The Bidder acknowledges t t evaluation of the lowest Bid shall be led on such price and further acknowledges that the unit quantities listed in Part 3 of this Proposal are estimates solely for the purpose of Bid evaluation and Contract award, and are not to be construed as exact or binding. The Bidder further understands that all Work which may result on the Contract shall be compensated for on a Unit Price basis and that the OWNER and ENGINEER cannot and do not guarantee the amount or quantity of any item of Work to be performed or furnished under the Contract. BID -3 Version 2016-08-31 Line Item 001- Construction Engineering 002 - Mobilization and Demobilization 003 - Clearing Right of Way 004 - Common Excavation 005 - Temporary Curb Inlet Protection 006 - Temporary Check Dam, Revetment Riprap 007 - Temporary Ditch Inlet Protection 008 - Temporary Silt Fence 009.- Subgrade Treatment, Type II 010 - Subgrade Treatment, Type III (Uncassified) 011- Structural Backfill, Type 2 012 - Compacted Aggregate No. 53 Base 013 - Milling, Asphalt, 11/2 In. 014 - HMA Surface, Type B, 9.5 mm 015 - HMA Surface, Type C, 9.5 mm 016 - HMA Intermediate, Type B, 19 mm 017 - Asphalt for Tack Coat 018.- Sidewalk, Concrete 019 - Curb Ramp, Concrete 020 - Detectable Warning Surfaces 021- Curb, Concrete 022 - Curb and Gutter, Concrete 023 - Mobilization & Demobilization for Seeding 024 - Water 025 -Sodding, Nursery 026 - Misc. Equipment for Water Relocation/Adj. 027 - Meter Pit 028 - Pipe, Type 2, Circular, 15 In. 029 - Pipe, Type 2, Circular, 18 In. 030 - Pipe, Type 2, Circular, 24 In. 031- Pipe End Section, Diameter 15 In. 032•- Water Valve Adjust to Grade 033 - Casting, Furnish & Adjust to Grade 034 - Inlet, E7 035 - Inlet, M10 036 - Manhole, C4 037 -Structure, Manhole, Reconstructed 038 - Fire Hydrant Assembly 039 - Fire Hydrant Assembly Relocate 040 - Maintaining Traffic 041- Water Main Lowering Carmel Drive Trail September 7, 2016 OLCO, Inc. Quantity 1 1 1195 8 18 4 3020 487 2600 157 889 802 197 23 334 1.5 282 130 34 100 1.197 2 11 3018 1 1 . 687 5 227 2 9 2 2 5 1 3 3 3 1 1 Unit Total Bid Total Price/Unit LS $ 5,500.00 $ 5,500.00 LS $ 52,187.50 $ 52,187.50 LS $ 9,750.00 $ 9,750.00 CYS $ 43,378.50 $ 36.30 EA $ 704.00 $ 88.00 TON $ 467.46 $ 25.97 EA $ 418.00 $ 104.50 LFT $ 7,550.00 $ 2.50 SYS $ 3,282.38 $ 6.74 SYS $ 27,222.00 $ 10.47 EA $ 6,562.60 $ 41.80 TON $ 27,381.20 $ 30.80 SYS $ 13,666.08 $ 17.04 TON $ 33,588.50 $ 170.50 TON $ 4,680.50 $ 203.50 TON $ 47,762.00 $ 143.00 TON $ 16.50 $ 11:00 SYS $ 13,028.40 $ . 46.20 SYS $ 9,152.00 $ 70.40 SYS $ 5,802.44 $ 110.66 LFT $ 1,375.00 $ 13.75 LFT $ 22,060.71 $ 18.43 EA $ 1,000.00 $ 500.00 Kgal $ 82.50 $ 7.50 SYS $ 18,138:18 $ 6.01 LS $ 3,520.00 $ 3,520.00 EA $ 1,980.00 $ 1,980.00 LFT $ 35,174.40 $ 51.20 LFT $ 1,089.00 $ 217.80 LFT $ 14,596.10 $ 64.30 EA $ 1,055.00 $ 527.50 EA $ 2,722.50 $ 302.50 EA $ 968.00 $ 484.00 EA $ 5,437.50. $ 2,718.75 EA $ 13,125.00 $ 2,625.00 EA $ 2,750.00 $ 2,750.00 LFT $ 1,875.00 . $ 625.00 EA $ 9,375.00 $ 3,125.00 EA $ 6,562.50 $ 2,187.50 LS $ 17,500.00 $ 17,500.00 LS $ 7,750.00 $ 7,750.00 $ 480,236.45 PART 4 CONTRACT DOCUMENTS AND ADDENDA 4.1 The Bidder agrees to be bound by the terms and provisions of all Contract Documents as defined in the Standard General Conditions and incorporates such Contract Documents herein by reference. 4.2 The Bidder acknowledges receipt of the following addenda: ADDENDUM NUMBER DATE AI Version 2016-08-31 PART 5 EXCEPTIONS Instructions To Bidders: 5.1 The Bidder shall fully state each exception taken to the Specifications or other Contract Documents in Section 5.3 of this Part. 5.2 Bidder is cautioned that any exception taken by Bidder and deemed by OWNER to be a material qualification or variance from the terms of the Contract Documents may result in this Bid being rejected as non-responsive. 5.3 Exceptions: Version 2016-08-31 PART 6 FINANCIAL STATEMENT 6.1 Attachment of Bidder's financial statement is mandatory. Any Bid submitted without said financial statement as required by statute shall thereby be rendered invalid. The financial statement provided hereunder to OWNER must be specific enough in detail so that OWNER can make a proper determination of the' Bidder's capability for completing the Work/Project if awarded. Information on Bidder's company and financial statement shall be consistent with the information requested on the State Board of Accounts Forms #96a and #102, entitled "Standard Questionnaires and Financial Statement for Bidders". BID -7 Version 2016-08-31 PART 7 ADDITIONAL DECLARATIONS 7.1 Bidder certifies for itself and all its subcontractors compliance with all existing laws of the United States and the State of Indiana prohibiting the discrimination against any employee or applicant for employment or subcontract work in the performance of the Work contemplated by the Agreement with respect to hire, tenure, terms, conditions, or privileges of employment or any matter directly or indirectly, related to employment or subcontracting because of race, religion, color, sex, handicap, national origin, ancestry, age, disabled veteran status or Vietnam era veteran status. The City of Carmel reserves the right to collect a penalty as provided in IC 5-16-6-1 for any person discriminated against. 7.2 The Bidder certifies that he/she has thoroughly examined the site of the Project/Work and informed himself/herself fully regarding all conditions under which he/she will be obligated to operate and that in any way affect the Work, and knows, understands and accepts the existing conditions. The Bidder further certifies that he/she has thoroughly reviewed the Contract Documents, including all Addenda, and has had the opportunity to ask questions and obtain interpretations or clarifications concerning Contract Documents. Version 2016-08-31 PART 8 NON -COLLUSION AFFIDAVIT The individual person(s) executing this Bid Proposal, being first duly sworn, depose(s) and state(s) that the Bidder has not directly or indirectly entered into a combination, collusion, undertaking or agreement with any other Bidder or person (i) relative to the price(s) proposed herein or to be bid by another person, or (ii) to prevent any person from bidding, or (iii) to induce a person to refrain from Bidding; and furthermore, this Bid Proposal is made and submitted without reference to any other bids and without agreement, understanding or combination, either directly or indirectly, with any persons with reference to such bidding in any way or manner whatsoever. PART 9 SIGNATURES [Signature by or on behalf of the Bidder in the spaces provided below shall constitute execution of each and every Part of this Itemized Proposal and Declarations Document. SIGNATURE MUST BE PROPERLY NOTARIZED.] Bidders Name: Written Signature: Printed Name: Title: STATE OF Ci Yfe-3wdclyf SS: COUNTY OF,rc,,�I��;,,� Subscribed and sworn to before me this s day of ! (e Aetvle l 19 �. �G�, N My commission expires: f, (Signed) Printed: ; cal e1 YG19W[10.11 Residing in 1p, County, State of 4 owc, BID -9 Version 2016-08-31 IIID BOND City of Carmel .Instructions To Bidders Bidders may use this form or other form containing the same rnaterial conditions and provisions as approved in advance by OWNBR/Obligee. Bidder/Surely must -attach a signed, certified and effective dated copy of. the Power of Attorney or Attorney -In -Fact establishing the authority of the person(s) signing this Bid Bond on behalf of the Surety. Surety company executing this bond shall appear on the most current list of "Surety Companies Acceptable on Federal Bonds, " as specified in the U.S. Treasury Department Circular 570, as amended, and be authorized to transact business in the State oflndiana. KNOW ALL MEN BY THESE PRESENTS, that the undersigned "Bidder": OLCO, Inc. and "Surety": [Name] Hudson Insurance Company [Address] 100 William Street, 5th Floor New York, NY 10038 a corporation chartered and existing under the laws of _ the State . of Delaware and authorind to do business .in the State of Indiana, are held and firmly bound unto the City of Carmel, Indiana ("Obligee") in the full and just sum equal to ten percent (10%) of the price stated ,in the Bid Proposal described in Part. 2, including accepted alternates, if any, to be paid upon demand of the Obligee, together with interest at the maximum legal rate from date.of demand and any attorney fees and court costs incurred by Obligee to -enforce this instrument, to which payment well and truly to be made we bind ourselves, our heirs, executors, administrators, successors, -and assigns, jointly and severally an ci firmly by these presents. Ten percent (10%) of -the price stated in the Bid Proposal is $ WHEREAS, the Obligee has solicited Bids for certain Work for or in furtherance of construction of public improvements described generally as Cannel Drive Trails Project Nnrnberl 6-EWG-99 Constri=ction of IIMA Trall on north side o f Cannel Drive from cast pf Old Meridian Street to Arhor Drive and froth west of'Gradle-Drive to 3"r Avenue SW, and sidewalk on the south side of Cannel Drive from east of Chase Court to 3"r Avenue SW. pursuant to plans,specifications and other, "Contract Documents" included as parts of and designated by such solicitation; and WHEREAS, the Bidder has submitted to the Obligce a Bid Proposal to perform such Work. BB -1 1=\2013\13-3073 cannel drive pads\dcsigir\documents\eotilntct documents\linal contract NOW THEREFORE: The conditions of this obligation are such that if the Bid Proposal be accepted, with' oe without conditions, the. Bidder shall within such time thereafter as prescribed by. the Contract Documents (i) fulfill all conditions of such award that remain to be fulfilled, (ii) execute a Contract in accordance with the Bid Proposal and in the form and manner required by the Contract Documents, and (iii) thereafter provide all bonds, and other Documentation required by the Contract Documents to be delivered to Obligee to commencing Worlc, including without limitation a.suffieient and satisfactory Performance Bond and Payment Boner payable to Obligee, each. in an amount of one hundred percent (100%) of the. total Contract price as awarded and in form and with surety satisfactory to said Obligee, then.this obligation to be void;:otherwise to be and remain in full force and virtue in law, and. the. Surety shall, upon failure of the Bidder. to comply with any or all of the foregoing requirements within the time specified above and as prescribed by the Contract Documents; immediately pay to the Obligee, upon demand, the amount. hereof, in good and lawful money of the United States of America, not.as a penalty, but as liquidated damages. IN TESTIMONY THEREOF, the Bidder and Surety have caused this instrument to be drily signed and sealed this 7th day of . September 9:: 2016. This Bid Bond shall bind the undersigned Surely whether dr na also signed by the Bidder. `Bidder" OLCO, Inc ".Surety" Hudson Insurance Company. By:,. BY Printed: �A/, �rcw` Ots c.r ✓yT_ Printed: Mary Be illing, Attorney -In- t Countersigned: BB -2r:12013113-3073 carincl drive path�de. ii n�documenls\contn,ct di culnultotial c .4HUDSON ® INSURANCE(J1,0UP BID BOND POWER OF ATTORNEY KNOW ALI. MEN BY •I HESE PRF,SEN'I'S: That HUDSON INSURANCE COMPANY; a corporation of the Slate of Delaware, with offices at 100 William Street, New York. New York. 10038, has made, constituted and appointed, and by these presents, docs make, constitute andappoint Tiffany Gobich, Tammy L. Masterson, Mark Nelson, Mary Beth Milling, Nancy Nemec, Liz Ohl, Kelsey Freytag and Elizabeth L. McDevitt its true and lawful Altorncy(s)-in-tact, at New York City in file State or New York, each of them ulone to have full Power to act without Ute other or othersi to make, execute and deliver on.its behair as.Surety, bid bonds for tiny and all purposes. Such bid bonds, when duly executed by said Attorncy(s)•in•Fuct, shall he binding upon said Company us fully and to the same extent us if signed by the ]'resident of said Company under its corporate seal attested by its Secretary. *►e,�j In Witness Witness1Vbcrcof, hIUDSON INSURANCE COMPANY has caused these presents to be of its Executive Vice President tbcrcuntu yp� tit trized, on this 3rd day of March 2014 al New York. New York. 181111'ur s ..�r . tom: Attest ... :. Dion Dnsknbrkly; Corporate Sccrclttry. STM E OF NEW YOitK COUN'rY OI: NEW YORK. SS. Illll)SON 1 'SIiItAN .li COJtI'ANl' 13 Chrislopbcr'['. Suarez, Exccu c Vice President. On file 3rdday of March 20 14 btifittc me personally came Christopher'1'. Suarez. to me khoivn, who being by inti duly sworn did depose and say thdt•he i _ s un Executive Vice President.of HUDSON INSURANCE CO!NfANY,.dic Company described herein and which cxccuicd the above instrument' that be knows the seal of said Company; that the seal affixed to Said instrument is the corp rate seal or • id Company, that it wis so affixed by order of the hoard am,ectors orsaid Comppa and thut he signed his name thereto by like order. 111`�� INN, SS (Notarial Seal) .01 Z,r°eI�FO, 'o�9� ',i Notary 1 ublic, State of Nc York •. �� �l���'L* No, 01MU.6067553 Qualified in.Nossau County k t)pt1ti1U1� Commission Expires December 10,1017 Au ' � CERTIFICATION STATE OF Nr.w Yo tK COUNTY OF NEW YORK 'tlte undersigned Dino Dnsknhikis hereby certifies 'I'lIA'I'thc original resolution, orwhich the rollowing is a true and correct copy; was duly adopted by unanimous written consent of Ilio Board of Directors oflludson Insurance Company dated July 271; 2007, and has not since been revoked, utnended or modifted- " RCSOLVED, that lite President, the' lNecutive Vice Presidents, the,SeniorVice Presidents and lite Vice Picsidents shall have the authority and discretion, to appoint such agent or ugcnts, or attorney or uttorncys•in•fuct, for the purpose of carrying on this Company`s surely business, and to empower such agent cur' agents, or ultorncy or aoorneys-in-fact, to execute and deliver, under [his Company's soul ur otherwise, bonds obligations, and recogntzances,w enter mode lay this Company us.surety thereon or otherwise, indemnity contracts, contracts ond•cerilicatcs, and any and all other. contracts and undertukmg made in the course or this Company's surety business, and renewals,- extensions, agrcemcnls; waivers, consents or slipulations regarding undertakings so made;.end FURTIIEitRESOVLGD, that lite signature of any such Officcr of lite Company and the Company's seal may be affixed by facsimile to any power of attorney or certification given for the execution of any. bond, undertaking, recognizance, contract of indemnity or other written obligation in the nature thereof or related thurclo, such signature and still) when so used whether heretofore or hereafter, being hereby adoplcd-by the Company as.tltti originaf signature of such u0icer and the original seal of* file Company, to be valid and binding upon the Company with Ihti'same,forcc and effect as though manually affixed." THAT lite above and liregoing is a 11611, true and correct copy of Power of Attorney issued.by suid Company, and ol'Ihc whole of the, original and that lite said Power of Anorney is still.m full force and cric a and has tint been revoked, and furthermore that the Rcsulo[ion of lite Iloard of Directors, set forth in the said Power of Attorney is now in force ,mow!_ZMiloess the hand of the undersigned and the seal orstud Company this 7th __day n ' _,, Sep& bef-.2016_ . sP� br�ki� _�L: 1918 y..... B )int Duskt n 1s, Corporutc Secrti try - Form )ltd 8 2010 (vl ) INDIANA DEPARTMENT OF TRANSPORTATION CONTRACTOR'S STATEMENT OF EXPERIENCE AND FINANCIAL CONDITION To be filed with the Indiana Department of Transportation by Contractors proposing to bid on contracts of the Department for the construction or maintenance of highways, bridges and appurtenances thereto in accordance with the provisions of the Indiana Code 8-23-10 as Amended The information contained on this form is CONFIDENTIAL according to IC 5-14-3-4(a)(5). Submitted by DLCO, INC. Mailing address (number and street city, state, ZIP code) 24053 VOTE ROAD, BATESVILLE, IN 47006 Location address (number and street, city, state, ZIP code) SAME Telephone number (include Area Code) Facsimile number (812) 933-0205 1(812) 934-6467 Statement as of (month, day, year): 12/31/15 Name and telephone number of contact BILL AND PAM OESTERLING (812) 933-0205 E-mail address of company PAM@OLCOINC.COM, JOE@OLCOINC.COM RETURN TO: Prequalification Engineer Indiana Department of Transportation 100 N. Senate Avenue, Room N855 Indianapolis, Indiana 46204-2218 Telephone: 317-232-5095 State Form 48048 (R3 / 7-05) INDOT BIDDER'S LIST REGISTRATION STATEMENT Federal regulations require all Contractors, Subcontractors, Truckers and Consultants who wish to do business with INDOT to submit this form to INDOT annually [49 CFR, Part 26.111. Failure to comply may result In loss of INDOT business opportunities. Name of firm DLCO, INC Address of firm (number and street city, state, ZIP code) 24053 VOTE ROAD, BATESVILLE, IN 47006 Status of firm DBE: Non -DBE: Age of firm 31 YEARS Total Annual Gross Reciepts of the firm for most recently completed@ FY company fiscal year. (All work including INDOT work) $ 5,478, 250 2015 Approximately how many Department projects has the firm bid 35 or quoted in the past 12 months? (If none, please indicate 0.) In what market(s) have you participated? Q Prime: ❑ Trucker: El Subcontractor: ❑ Consultant: If you did not get any work from INDOT this year, did you submit a bid quote on any contracts? ❑ Yes ❑ No Submit a list of those Contractors, Subcontractors, Truckers, and Consultant firms who you quoted or solicited bids with your company. Printed name Title Date (month, day, year) PAM OESTERLING I PRESIDENT 13/10/14 CLASSIFICATION BY TYPES OF WORK AND CONTRACT COMBINATIONS Qualification in Classes A, B, C, or D will include those items under Class E which are normally components of or appurtenant to the class or classes in which a rating is given. The total unearned work under contract at any time in overlapping classifications, such as A (a) and C, shall not exceed the greater of the individual classified ratings involved. APPLICANT CHECK CLASSES IN WHICH YEARS OF EXPERIENCE RATING IS DESIRED GENERAL TYPES DIVISIONS, CLASSIFICATIONS AND LIMITATIONS A CONCRETE BASE -PAVEMENT AND RESURFACE (a) General Includes all normal operations of highway construction except bituminous paving and bridges over 20' span. (b) Limited Same as (a) but limited to urban locations or pregraded or unusually light grading sections. B BITUMINOUS BASE -PAVEMENT AND RESURFACE (a) Plant Mix (b) Road Mix and Penetration Types C GRADING (a) Heavy Grading Includes all types of roadway excavation and embankment, small structures and items incidental to a finished roadbed. (b) Light Grading Same as (a) but on light sections or small contracts not requiring such quantity or diversity of grading equipment. 17 D BRIDGES AND APPROACHES (a) All Highway Bridges except (b), (c), and (d). (b) Highway or Railroad Bridge over Highway (c) Bridge Involving protection of Railroad tracks. (d) Bridge in a Marine Environment E SPECIAL CONTRACTS AND SUB -CONTRACT COMPONENTS (a) Traffic Control, Electrical Installations (b) Placing Bituminous Plant Mix (May bid B (a) contracts by showing that plant mix is commercially available.) (c) Bridge Deck Overlay and Minor Bridge Repair (d) Traffic Control, Sign Installations (e) Small Structures, culverts and drainage items except (h). 7 (f) Surface Masonry: Curbs and walks, paved side ditch, driveways and cross -overs, grouted rip -rap, nibble masonry, etc. (g) Traffic Control, Pavement Markings 4 (h) Deep Sewer, or other open pit.excavation requiring unusual equipment, skill or experience. (1) Seeding and Sodding, top soil and erosion control. 30 fi) Landscaping 30 (k) Guard Rail and Fence g (1) Structural Steel Erection (m) Cleaning and Painting Bridges (n) Vegetation Control 30 (o) Construction of Buildings (p) Bridge Deck Sealing (q) Concrete Pavements Repairs (r) Road Planing (s) Roadside Mowing 33 (t) Demolition 10 Miscellaneous (list) DRIFT REMOVAL 17 SWEEPING 17 Experience indicated on this page must be developed in the EXPERIENCE QUESTIONNAIRE, page 16. Page 1 TO THE ACCOUNTANT PREPARING THIS STATEMENT: 1. In order to become prequalified, a contractor must submit a statement of experience and financial condition using the forms furnished by the Department. 2. Statements from new applicants who desire to bid on projects advertised must be received no later than twenty-one (21) calendar days prior to the bid opening date to receive consideration for that bid opening. 3. Statements from contractors for prequalification renewal must be received at least fifteen (15) calendar days prior to the bid opening date to receive consideration for that bid opening. 4. All applicable sections must be completed and all questions must be answered in this Statement. 5. The Statement submitted for prequalification must be an original, in ink or typed. Reproduced copies will not be accepted. 6. Unaudited statements over six (6) months old will not be accepted. 7. To be prequalified for more than $200,000.00 but not more than $1,000,000.00, the Statement must be reviewed by a Certified Public Accountant in any state, or by a Public Accountant registered in Indiana. 8. To be prequalified for more than $1,000,000.00, the Statement must be audited by a Certified Public Accountant in any state, or by a Public Accountant registered in Indiana. 9• The Certificate of Review or Certificate of Audit of the Statement must be completed by the accountant with no alterations, or a separate Auditor's Report addressed to the Indiana Department of Transportation, with the individual accountant's original signature thereon, must be attached. 10. The auditor's notes to the financial statement should be submitted for additional information. 11. The accountant shall make independent verification of assets and liabilities in accordance with generally accepted auditing standards; the execution of the certificate of audit will constitute certification that an audit in accordance with such standards has actually been performed and reported. 12. The Statement of an individual must not include real estate or other assets held jointly with his / her spouse or any other party, but joint liabilities must be included unless such liabilities are fully and solely secured by such joint assets. 13. The Statement of a partnership must not include the personal assets of any individual partner but only those assets which are owned by and under the control of the partnership as such. 14. In the event of physical dispersal of construction equipment or of subsequent use or sale of construction materials, the accountant may accept a signed statement of the contractor as evidence of possession of equipment or of materials inventory as of the date of the statement; this statement shall not relieve him of the usual responsibilities as to title, proper and consistent depreciation, liens or encumbrances, reasonable pricing, etc. 15. Full and complete information shall be provided for all major items of equipment, especially with respect to the age, original cost and the date if rebuilt. All major items of useful equipment should be listed even though fully depreciated, but no obsolete or useless equipment should be included. 16. No rating credit will be given for equipment which cannot satisfactorily be identified as to kind, type and capacity or for which the essential information as to cost and age is not supplied. Page 2 TO THE ACCOUNTANT PREPARING THIS STATEMENT: (Continued) 17. Consideration as working capital will not be given to stocks and bonds unless both book and market value are shown. 18. Notes and accounts receivable from officials of a corporation, from affiliated business firms, or from partners of a partnership will not be allowed as liquid assets unless there is attached an audited financial statement showing the debtor to be financially sound. 19. Use paper no larger than 81/2" X 11" for supplement information. 20. No Certificate of Qualification will be valid for more than twelve (12) months, nor will its expiration date under any circumstance be subsequent to sixteen (16) months after the date of the financial statement upon which it is based. 21. The Certificate of Qualification period will not be extended. 22. No bidder shall be given a Certificate of qualification unless his financial statement and investigation made by the Department show that he possesses net current assets sufficient in the judgment of the Department to render it probable that he can satisfactorily execute his contracts and meet his obligations therein incurred. (Ref. Indiana Code 8-23-10) 23. A domestic corporation must be in good standing with the Corporations Division, Secretary of State, to do business in the State of Indiana. 24. A foreign corporation must comply with Rule 105 IAC 11-2-2 of the Rules for Prequalification of Contractors and Bidding by furnishing valid evidence that the corporation is authorized by the Secretary of State to do business in the State of Indiana, or a letter of assurance that should it become the apparent low bidder on an Indiana Department of Transportation contract, it will become authorized within fifteen (15) days after the bid opening. For your information, the address and telephone number of the Indiana Secretary of State is as follows: Corporations Division, Secretary of State 302 W. Washington Street, Room E018 Indianapolis, IN 46204 Telephone: 317-232-6576 25. As a requisite for prequalification and to be in compliance with Executive Order 11246 and Title VI of the Civil Rights Act of 1964, all contractors and subcontractors must accept and abide by the Indiana Department of Transportation's Plan of Affirmative Action for Equal Employment Opportunity. New applicants must review the information supplied in their application package. 26. The initial application of a corporation shall be accompanied by a certified copy of the minutes covering the election of current officers and the current authorization of individuals designated to execute contracts binding the corporation This may be either a portion of the original Articles of Incorporation or some subsequent official action of the stockholders or the board'of directors. If officers or authorization of individuals designated to execute contracts are changed in any manner, the Prequalification Engineer shall be immediately notified and furnished with certified copies of appropriate documents. Current minutes should be submitted if those on file with INDOT are over three (3) years old. Page 3 ACCOUNTANT'S QUESTIONNAIRE AND COMMENTS 1. Are any notes or accounts receivable, as listed in this statement, due from or secured by partners, officers, directors, stockholders or affiliated business firms? ❑ Yes S No If Yes, list below and make suitable reference to schedule and item. 2. Is there any evidence of temporary bolstering of working capital for the purpose of presenting a more favorable statement or any likelihood in the near future of substantial withdrawals of capital from the business for any purpose? ❑ Yes El No If Yes, explain: 3. Is this statement as of the end of an established fiscal year used for tax purposes? El Yes ❑ No 4. If No, has a fair estimate of taxes accrued to the date of statement been entered therein? ❑ Yes ❑ No 5. If the applicant is a partnership or a corporation whose stockholders have elected to be treated as a small business corporation not subject to income taxes, please indicate what withdrawals will be made to meet tax obligations. NONE 6. Through what year have federal income tax returns been reviewed and accepted? 2014 7. Is there any probability of substantial liability in connection with the review of prior year's tax returns, or by renegotiation of current completed contracts, not otherwise covered by reserves or contingent liabilities in this statement? ❑ Yes El No If Yes, explain below. The auditor's notes to the financial statements should be submitted for additional information. Explanations and other comments by the accountant: NAME RELATIONSHIP AMOUNT SCHEDULE EXPLANATIONS AND COMMENTS Page 4 CERTIFICATE OF REVIEW This Certificate of Review must be completed and signed by the accountant or a separate Auditor's Report addressed to the Indiana Department of Transportation with the accountant's original signature thereon must be attached. We have reviewed the Contractor's Statement of Financial Condition of as of , 20 , in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. All information included in the financial statement is the representation of the management of A review consists principally of inquiries of Company personnel and analytical procedures applied to financial data. It is substantially less in scope than an audit in accordance with generally accepted auditing standards, the objective of which is the expression of an opinion regarding the financial statement taken as a whole. Accordingly, we do not express such an opinion. Based on our review, we are not aware of any material modifications that should be made to the accompanying Contractor's Statement of Financial Condition in order for it to be in conformity with generally accepted accounting principles. Signature of Certified Public Accountant Signature of Indiana Registered Public Accountant Typed or Printed name of Certified Public Accountant Typed or Printed name of Indiana Registered Public Accountant Certificate number State License number Date signed (month, day, year) Employed by or associated with the accounting firm of: (number and street city, state, ZIP code) Telephone number Page 5 CERTIFICATE OF AUDIT This Certificate of Audit must be completed and signed by the accountant or a separate Auditor's Report addressed to the Indiana Department of Transportation with the accountant's original signature thereon must be attached. We have audited the Contractor's Statement of Financial Condition of OLCO, INC . as of DECEMBER 31 20 15 This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on this financial statement based on our audit. We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement An audit includes consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made'by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the Contractor's Statement of Financial Condition referred to above presents fairly, in all material respects, the financial position of DLCO, INC as of DECEMBER 31 120 15 , In. conformity with generally accepted accounting principles. Signa Certified P ccountanV Signature of Indiana Registered Public Accountant Typed or Pri ed name of Certified Public Accountant Typed or Printed name of Indiana Registered Public Accountant ROY BUSHMAN, CPA Certificate number License number 25650 Date signed (month, day, yead State 3/3/16 OHIO Employed by or associated with the accounting firm of: MORT WHITE BUSHMAN CPAS Address (number and street, city, state, ZIP code) 1241 NAGEL ROAD, CINCINNATI, OHIO 45255 Telephone number 513-834-9034 Page 6 CONTRACTOR'S STATEMENT OF FINANCIAL CONDITION OF DLCO, INC Employer Identification Number (Federal Tax Number) 3 5- 1 6 0 6 8 9 3 ❑ An Individual ❑ A Partnership El A Corporation Condition at Close of Business..................................................••••................... oeceeoneeR a, ..............---........--.................... , 20 ..'.5....... .. ASSETS DETAIL TOTALS Current Assets 1. Cash.................................................................................................................................................... $ 2. Notes Receivable Due Within -One Year....................................................................................... 3. Bid Deposits and Guarantees.......................................................................................................... 4. Accounts Receivable from Completed Construction Contracts ................................................ - 5. Accounts Receivable from Incomplete Construction Contracts ................................................ 6. Costs of Incomplete Contracts in Excess of related Billings .................................................... 7. Costs and Estimated Earnings in Excess of Billings on Incomplete Contracts ................... 8. Equipment Rentals and Other Accounts Receivable.................................................................. 9. Materials in Stock Not Included in Items 4 and 5......................................................................... 10. Stocks, Bonds and Other Securities............................................................................................... 11. Accrued Interest and Other Current Assets.................................................................................. Subtotal, Current Assets.......................................................................................................... 12. Construction Equipment - Net Book Value......................................................................................... Fixed and Other Assets 13. Other Plant and Equipment............................................................................................................. 14. Real Estate......................................................................................................................................... 15. Cash Surrender Value of Life Insurance Policies (Net of policy loans) ................................... 16. Other Assets........................................................................................................................................ Subtotal, Fixed and Other Assets......................................................................................... TotalAssets................................................................................................................................................. LIABILITIES AND NET WORTH Current Liabilities 17. Notes Payable and Other Long -Term Liabilities (Due Within One Year) ........... 18. Accounts Payable....................................................................................................... 19. Billings on Incomplete Contracts in Excess of Related Costs ......................... 20. Billings on Incomplete Contracts in Excess of Costs and Estimated Earnings 21. Accrued Taxes and Other Liabilities Due Within One Year ................................. Subtotal, Current Liabilities................................................................... Long -Term Liabilities 22. Notes Payable and Other Long -Term Liabilities (Balance After One Year) ............................ 23. Deferred Income Taxes (Non -Current Portion)............................................................................. Subtotal, Long Term Liabilities.......................................................................................... ............................ 352.722 .......................................... .......................................... 144,537 209,542 .......................................... .......................................... 309,082 .......................................... .......................................... .......................................... 25,552 .............. 218,547 255,917 0 $............................379:950 $ .........................1.015.88 3 2,343,099 ........................................... 244,099 3,603,081 255,917 $ 379,..950 ........... Net Worth 24. Individual or Partnership Capital..................................................................................................... $.......................................... 25. Capital Stock................................................................................................................................. ................................1:000 26. Additional Paid -In Capital.................................................................................................................38:448 .......................... 27. Retained Earnings ............................................................................................................................ 2,927,766 Subtotal, Net Worth 2,967,214 .................................................................................................................................................................. Total Liabilities and Net Worth ..................... .................... $ 3,603,081 ....................................................................................... 28. Contingent Liabilities.........................................................................................................: ...... $ 0 IMPORTANT: All items shown in the above FINANCIAL STATEMENT must be detailed in the schedules on subsequent pages. Do not change the descriptive title of any balance sheet item or supporting schedule. For Item(s) not specifically listed, use the applicable schedule(s). Page 7 DETAILS RELATIVE TO ASSETS 1 (a) On hand....................................................................................................................•--•-•-----•-•--..............................$ ................................................ Cash: (b) Deposited in banks named below ................... -352.722 NAME OF BANK TYPE OF ACCOUNT DEPOSITED IN THE NAME OF AMOUNT PNC BANK BUSINESS CHECKING OLCO, INC $146,950 FCN BANK MONEY MARKET OLCO, INC $205,772 2 Notes Receivable Due Within One Year........................................................................................................................................$ ................................................. RECEIVABLE FROM FOR WHAT DATE OF HOW SECURED AMOUNT MATURITY Have any of the above been discounted, sold or pledged? ❑ Yes ❑ No If so, state amount, to whom and reason: 3 Bill Deposits and Guarantees .............................. :................................................................................... ........................$ ................................................. DEPOSITED WITH FOR WHAT WHEN AMOUNT RECOVERABLE What amount, if any, has been assigned, sold or pledged?.....-•-•--•........................................................................................................$ ................................................. 4 -Accounts Receivable From Completed Construction Contracts exclusive of claims not approved) ............................... $144.537 RECEIVABLE FROM NATURE OF CONTRACT AMOUNT AMOUNT OF CONTRACT DUE See Attached Schedule $144,537 Have any of the above been discounted, sold or pledged? ❑ Yes ED No If so, state amount, to whom and reason: Page 8 DETAILS RELATIVE TO ASSETS (Continued 5 Accounts Receivable from Incomplete Construction Contracts (as shown by engineer's or architects extimate): (a) Amount retained to date, due upon completion of contracts ............................................. _............................ (b) Amount receivable after deducting amount retained ......... $ ................................... ................................................. Po9542 DESIGNATION OF CONTRACT AND AMOUNT OF AMOUNT AMOUNT RETAINAGE AMOUNT DUE WHEN EXCLUSIVE OF FOR WHOM PERFORMED CONTRACT BILLED RECEIVED AMOUNT DUE AMOUNT RETAINED INDIANA, KENTUCKY AND OHIO DEPARTMENTS $209,542 of TRANSPORTATION - SEE ATTACHED Have any of the above been discounted, sold or pledged? ❑ Yes El No If so, state amount, to whom and reason: 6 Costs of Incomplete Contracts in Excess of Related Billings..................................................•---...----................................... (Completed Contract Method) $ ................................................. 7 Costs and Estimated Earnings in Excess of Billings on Incomplete Contracts (Percentage of Completion Method) 309,082 $................................................. 8 Equipment Rentals and Other Accounts Receivable.................................................................................................................. $ .................................................. RECEIVABLE FROM FOR WHAT WHEN DUE AMOUNT Whatamount, if any, is due after one year?.............................................................................................................................................. Assigned, sold or pledged?.......................................................................................................................................................................... $................................................. $ ................................................. Page 9 DETAILS RELATIVE TO ASSETS (Continued) 9Inventory Materials in Stock Not Included in Items 4 and 5: Values: (a) For use on own construction contracts.....................................................................................$ ................................................. (b) Non -construction or for sale to others........................................................................................._......... ............... "....... . PRESENT VALUE DESCRIPTION OF MATERIAL QUANTITY FOR INCOMPLETE OTHER CONTRACTS MATERIALS 10 Stocks, Bonds, and Other Securities (a) Listed - Book Value............................................................................................$ ................................................. (b) Present Market Value.......................................................................................................................................... No consideration as working capital will be given unless book value and market value, determined or verified by the accountant, Is given. ISSUING COMPANY DESCRIPTION QUAN- PRESENT MARKET VALUE BOOK VALUE TITY UNIT AMOUNT UNIT AMOUNT If any are pledged or in escrow, state to whom and reason. Specify co-owner /or beneficiary of non-negotiables. 11 Accrued Interest and Other Current Assets.................................................................................................................................$.............................................0.. DESCRIPTION AMOUNT Page 10 DETAILS RELATIVE TO ASSETS (Continued) 12 Construction Equipment: Net Book Value .............. _..... _._._...... $.._...__................ 2,343,099 (List machinery, trucks, automobiles, radio equipment, barricades, barriers, construction signs, asphalt plants) Date ff Rebullt PURCHASE PRICE No. DESCRIPTION Year Pur- by Mfgr. ACCUMULATED NET BOOK Encumbrance (Kind, Capacity, Manufacturer, Etc.) Mfgd. chased Give Data New Second Hand I DEPRECIATION VALUE ATTACHED SUMMARY N DETAILS RELATIVE TO ASSETS (Continued) 13 Other Plant and Equipment - Net Book Value .................................... 25,552 - -$................................................. (List office equipment, plant and operating equipment of gravel pits, quarries, commercial concrete products, steel fabrication plants, aircraft, etc., as well as equipment of any non -construction business enterprise, including recreational and pleasure boats. Do not include such items in Schedule 12. DESCRIPTION YEAR COST Accumulated NET Encumberance ACQUIRED Depreciation BOOK VALUE SEE ATTACHED SUMMARY $25,552 14 Real Estate and Net Book Value of Improvements .................................... 21.8,547 LOCATION AND DESCRIPTION OF PROPERTY TITLE HELD IN WHOSE NAME NET AMOUNTOF BOOK VALUE ENCUMBRANCES SEE ATTACHED SUMMARY OLCO INC $218,547 15 Cash Surrender Value of Life Insurance Policies (exclusive of loans) .................................. _....................................... $ ................................................. CORPORATIONS - Policies carried on officers or supervisory employees of the corporation, payable to and under control of the corporation. PARTNERSHIPS - Ponces carried on partners or supervisory employees payable to and under control of the partnership. INDIVIDUALS - Policies carried on the individual under his exclusive control and payable to any beneficiary; policies carred on supervisory employees, payable to and under exclusive control of the qualifying Individual or his estate; policies carried on members of the immediate family, payable to and under exclusive control of the qualifying individual or his estate. CARRIED ON BENEFICIARY WHO HAS CONTROL AS TO SURRENDER AMOUNT LOANS OR SURRENDER VALUE OF LOANS 16 Other Assets......................................................................................................................................................................................s ................................................ DESCRIPTION AMOUNT Page 13 DETAILS RELATIVE TO LIABILITIES 17 and 22 Notes Payable and Other Long -Term Liabilites (A) CREDITOR PAYMENT DATE PRINCIPAL TERMS OF BALANCE MATURITY (B) DUE WITHIN 12 MONTHS (C) = (A) - (B) BALANCE AFTER 12 MONTHS (D) DUE WITHIN 13-24 MONTHS (E) _ (C) - (D) BALANCE AFTER 24 MONTHS SEE ATTACHED SCHEDULE $635,867 $255,917 $379,950 $166,732 $213,218 TOTAL $166,732 $213,218 TOTAL FOR ITEM 17 (TOTAL COLUMN B)............................................................................. $ $255,917 TOTAL FOR ITEM 22(TOTAL COLUMN C)............................................................................................................... $ $379,950 18 Accounts Payable .................................................... _...................................................................................................................... $ ............................................. �.. PAYABLE TO FOR WHAT DATE PAYABLE AMOUNT $0 Page 14 DETAILS RELATIVE TO LIABILITIES (Continued) 19 Billings on Incomplete Contracts in Excess of Related Costs (a) Cost Portion (Completed Contract Method) (b) Unrecorded earned income $ ..................... _......................... $ ..... _.......................... _............. ,to Billings on Incomplete Contracts in Excess of Costs and Estimated Earnings ............................. _.................................... (Percentage of Completion Method) $----_--------------------------------------- 21 Accrued Taxes and Other Liabilities Due Within One Year .................................... ..........._............ _.......... ..................... ... $.............. _..... _..._ ....-..1:968 DESCRIPTION DATE PAYABLE AMOUNT Deferred Income Taxes (Current Portion) 22 Notes Payable and Other Long -Term Liabilities....................................................................................................... Refer to Schedule 17 and 22 on Page 14 23 Deferred Income Taxes (Non-current Portion)......................................................................................... .................................... $................................................ NET WORTH 24 Individual or Partnership Capital.................................................................................................................................................... $ ................................................. 25 Capital Stock ........... (a) Common ................................. -.............................................................................................. ......... ..... ... (b) Preferred................................................................................................................................................ 1,000 $................................................ $ ................................................ 26 Additional Paid -in Capital......................................................................_.................................................................................. $....................................38:448 27 Retained Earnings .................................................... ............. $.............. ..._............ 2:927,799 CONTINGENT LIABILITIES. 28 Total Contingent Liabilities: Attach supplementary schedule explaining theitem(s) listed below............................................................................................................. $ ............................ $0 Onnotes receivable, discounted or sold................................................................................................................................................... On accounts receivable, pledged, assigned or sold.....••••••...................................................................................................................... Asa bondsman............................................................................................................................................................................................... As guarantor on contracts, notes or accounts of others•••....................................................................................................................... On lawsuits pending but not reduced to judgement.....................••••••••.................................................................................................... Other(specify)................................................................................................................................................................................................. ................................................ ...................... :......................... ................................................ ................................................ ................................................ ................................................ Page 15 CONTRACTOR'S STATEMENT OF EXPERIENCE The signatory of this questionnaire guarantees the truth and accuracy of all statements and of all answers to interrogatories hereinafter made. 1. How many years has your organization been in business as a contractor. (a) under your present business name?.......................... 32 yrs. (b) Under the name of?...................................................................._...._................_.._......................................_.............................._.....................__.........._...... yrs. 2. How many years experience in................... ........................ROADSIDE MOWING ................................................ construction work has your organization had: (a) As a general contractor?................................32................................. (b) As a subcontractor?....................................................... ............. _.............................. 3. Show the projects your organization has under contract or pending award: TYPE OF WORK CONTRACT PERCENT LOCATION OF WORK AND FOR WHOM PERFORMED AMOUNT COMPLETE SEE COMPLETED CONTRACTS SCHEDULE % 0 0 00 % % 00 4. What is the construction experience of the principal individuals of your present organization? PRESENT POSITION Years of NAME OF INDIVIDUAL IN YOUR Construction MAGNITUDE AND TYPE OF WORK IN WHAT CAPACITY ORGANIZATION Experience WILLIAM J OESTERLING VP, TREASURER 34 OPERATOR -MOWING SUPERVISOR JOE OESTERLING FOREMAN 13 OPERATOR -MOWING SUPERVISOR DONALD KENNEDY LABORER 7 LABORER- MOWING JOSH BANNISTER OPERATOR 7 OPERATOR - MOWING ZACH PLACKE OPERATOR 7 OPERATOR TREVIN SLIDING OPERATOR 12 OPERATOR -FOREMAN KRISTEN LANE LABORER 6 CARPENTER JASON HOUSTON OPERATOR 2 OPERATOR DUSTIN TRENKAMP OPERATOR 4 OPERATOR TED BILTZ LABORER 1 LABORER PAM OESTERLING PRES./SECRETARY 34 OFFICE NIC WONNELL OFFICE ADMIN 3 OPERATIONS . Page 16 m m m v 5. RECORD OF PAST EXPERIENCE This Information Is Used To Determine Work Type Ratings New Contractors - List all work performed by your own forces for the past three (3) years, including Federal, State, County, City and private work. The total dollar amounts and work item dollar amounts must be listed for each project Do not include work performed by subcontractors. Renewal Contractors - List all work performed by your own forces for the past fiscal year, including Federal, State, County, City and private work. The total dollar amounts and work item dollar amounts must be listed for each project. Do not include work performed by subcontractors. WORK TYPE CODE A B(a) C C D E(a) E(a) E(e) E(f) E(h) E(i) E(k) OTHER Work Type PCC BITUM EXCAV AGG STR ELEC STR SMALL MISC DEEP SEED G.R. PVMT PVMT & BASE OVER INSTAL REPAIR STR CONC SEWER & & TOTAL PLANT GRAD & 20' & SOD FENCE Contract, (1000-s) MIX SURF SPAN DRAIN Description, Owner & Date Performed R-36871 INDOT $851 $651 R-36792 INDOT $197 $197 R-31516 INDOT $460 $460 B-37419 INDOT $47 $47 R-35612 INDOT $157 $157 B-37962 INDOT $1'32 $132 B-37267 INDOT $113 $113 B-37958 INDOT $193 $193 R-35163 INDOT $850 $200 $250 $160 $155 $65 R-35811 INDOT $147 $147 R-36869 INDOT $668 $188 $200 $90 $110 $80 M-36783 INDOT $140 $140 M-36937 INDOT $234 $234 M-31277 INDOT $282 $262 SUBTOTAL $4,471 $0 $0 $388 $450 $836 $0 $193 $383 $1,420 $0 $145 $0 $0 $0 $656 5. RECORD OF PAST EXPERIENCE This Information Is Used To Determine Work Type Ratings New Contractors - List all work performed by your own forces for the past three (3) years, including Federal, State, County, City and private work. The total dollar amounts and work item dollar amounts must be listed for each project. Do not include work performed by subcontractors. Renewal Contractors - List all work performed by your own forces for the past fiscal year, including Federal, State, County, City and private work. The total dollar amounts and work item dollar amounts must be listed for each project. Do not include work performed by subcontractors. WORK TYPE CODE A B(a) C C D E(a) E(c) E(e) E(f) E(h) Ell) E(k) OTHER Work Type Contract, Description, Owner & Date Performed TOTAL (1000's) (S) PCC PVMT ($) BITUM PVMT PLANT MIX ($) EXCAV & GRAD ($) AGG BASE & SURF (S) STR OVER 20' SPAN ($) ELEC INSTAL ($) STR REPAIR ($) SMALL STR & DRAIN ($) MISC CONC (S) DEEP SEWER ($) SEED & SOD ($) G.R. & FENCE ($) ($) ($) ($) M-37662 INDOT $110 $110 M-36450 INDOT $119 $119 M-37681 INDOT $153 $153 M-36880 INDOT $137 $137 132706 KY $329 $329 $0 $0 $0 $0 $0 $0 $0 SUBTOTAL B $848 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $848 SUBTOTAL $4,471 $0 $0 $388 $450 $836 $0 $193 $3B3 $1,420 $0 $145 $0 $0 $0 $656 TOTAL(S) $5,319 $0 $0 $388 $450 $836 $0 $193 $383 $1,420 $0 $145 $0 $0 $0 $1,504 CONTRACTOR'S STATEMENT OF EXPERIENCE (Continuem NOTE: Be specific on No. 6 through No. 10 by giving complete address including ZIP code and person to be contacted. 6. For what corporations or individuals have you performed work, when and to whom do you refer? 7. For what cities have you performed work, when and to whom do you refer? 8. For what counties have you performed work, when and to whom do you refer? NONE 9. For what state bureaus or departments have you performed work, when and to whom do you refer? 10. For what U.S. Government Bureaus or Departments have you performed work, when and to whom do you refer? 11. With what other states are you prequalified to perform highway work? 12. Have you ever failed to complete any work awarded to you? LJ Yes IJ No If so, where and why? 13. Has any officer of partner of your organization ever been an officer or partner of some other organization that failed to complete a construction contract? ❑ Yes El No If so, state the name of the individual, other organization and reason therefor. 14. Has any officer or partner of your organization ever failed to complete a construction contract handled in his own name? ❑ Yes El No If so, state the name of the individual, name of owner and reason therefor. 15. In what other lines of business are you financially interested? Page 19 CONTRACTOR'S STATEMENT OF EXPERIENCE (Continued) 16. List equipment that you lease on a regular basis. Describe each piece by listing manufacturer, kind and capacity. NONE 17. If you are a corporation, list names of those individuals or firms who have stock in your organization. Also, indicate the percentage owned by each. If owned by a parent company show the name of parent and its stockholders. PAME A_OESTERI ING 51% 1N11J IAM J_s?ESSFRLING 49% 18. If you are a corporation, list names and addresses of all subsidiary and affiliate companies. SUBSIDIARIES AFFILIATES NONE 19. Describe briefly the kinds of work you usually perform with your own forces. ROADSIDE MOWING, LANDSCAPING. SEEDING, SODDING, LIGHT GRADING, VEGETATION CONTROL, DEMOLITION, CURBS AND GUTTERS BRIDGE WORK ASPHALT AND BIKE TRAILS 20. Describe briefly the kinds of work you usually subcontract to others. TRU KING. TRAFFIC CONTRA . ELECTRICAL 21. If you are a corporation, do you have on file with the Indiana Department of Transportation a certified copy of the minutes covering the election of the current officers and authority to sign contracts binding the corporation? 0 Yes ❑ No 22. Has any officer, employee or representative of your organization been convicted of a bidding crime (i.e. Bid Rigging, RICO) resulting from a jury or bench trial, entered into a plea of guilty or nolo contendere, made a public admission, made a presentation as an unindicted co-conspirator, or gave testimony, which is protected by a grant of immunity, in any jurisdiction within the past five years? ❑ Yes El No If so; provide information as to date of the offense and conviction, details of the offense, court documents (Indictment, Judgement and Probatfon/Commitment Order), and other pertinent information. ORGANIZATION PLAN OF AFFIRMATIVE ACTION By signing the appropriate affidavit on page 21 or 22, the applicant thereby accepts and will abide by the Indiana Department of Transportation plan for Affirmative Action on Equal Employment Opportunity dated July 1, 1968. A copy of the plan is included in the application packet for first time applicants to review. The plan is available to renewal applicants upon request. Page 20 ORGANIZATION AFFIDAVIT FOR PARTNERSHIP STATE OF SS. COUNTY OF being duly sworn, deposes and says: That he is a partner of the partnership of that said partnership is submitting the foregoing statement of experience and financial position; that he has read the same and that the same is true of his own knowledge; that the statement is for the purpose of inducing the Indiana Department of Transportation to award the submitter a contract and that any depository, vendor, or other agency therein named or with whom they have had business relations is hereby authorized to supply said Department with any information necessary to verify the statement. Signature of member of firm Sworn before me this day of , 20 Resident of County, State of Notary Public My Commission expires Date of organization Is partnership general, limited or association? The foregoing statement and affidavit are hereby affirmed: The following partners or others are authorized to execute contracts binding (Remaining partners of firm must sign below.) the partnership: Signature of partner 1. Typed or printed name of partner 2. Signature of partner g. Typed or printed name of partner 4. Signature of partner 5. Typed or printed name of partner 6. Signature of partner 7. Typed or printed name of partner g, AFFIDAVIT FOR INDIVIDUAL STATE OF COUNTY OF SS. being duly sworn, deposes and says: That he is the person submitting the foregoing statement of experience and financial position; that he has read the same and that the same is true of his own knowledge; that the statement is for the purpose of inducing the Indiana Department of Transportation to award the submitter a contract and that any depository, vendor, or other agency therein named or with whom he has had business relations is hereby authorized to supply the Department with any information necessary to verify the statement. Signature of applicant Sworn before me this day of , 20 Resident of County, State of Notary Public My Commission expires Page 21 AFFIDAVIT FOR CORPORATION By virtue of the original Articles of Incorporation or some The following officers and others are authorized to execute subsequent official action of the Stockholders or Board of contracts binding the corporation: Directors, the following are the current officers of the corporation: Chairman of the Board Pamela Oesterling 1. Pamela Oesterling 2. William Oesterling President Pamela Oesterling 3. Joe Oesterling Vice President William J Oesterling 4. J. Nicoles Wonnell 5. 6. 7. 8. Secretary Pamela Oesterling 9. Treasurer William J Oesterling 10. Capital paid in cash $ 39,448 When incorporated? 11/3111984 In what state? Indiana If a foreign corporation, give date admitted to do business in Indiana (mm/dd/yy) Is the corporation in good standing with the Secretary of State of Indiana in the matter of annual reports? STATE OF INDIANA SS. COUNTY OF FRANKLIN PAMELA OESTERLING _ W , being duly sworn, deposes and says: That he is PRESIDENT ^ of DLCO INC ; the corporation submitting the foregoing statement of experience and financial position; that he has read the same and that the same is tru knowledge; that the statement is for the purpose of inducing the Indiana Department of Transportation to award the submits any depository, vendor, or other agency therein named or with whom they have had business relations is hereby authorize Department with any information necessary to verify the statement. Signature of officers"--� \� �ttllltt/ Sworn before me this day. of �q ��• pr's 0 Resident of RIPLEY = :'D Staol=INDIANA Notary Public = C13 = My Commission expires (mm/dd/yy) NOTE: The Indiana Department of Transportation wifl not ccept any document that is notarize rr Qtary who is.ayrite�f;`0Dr, stockholder of the corporation, or by any relative of the signatory. rr ' Page 22 d OLCO, INC. FINANCIAL STATEMENTS AND INDEPENDENT AUDITORS REPORT INCLUDING SUPPLEMENTAL INFORMATION For the Year Ended December 31, 2015 DLCO, INC. TABLE OF CONTENTS Independent Auditors' Report Financial Statements Balance Sheet Statement of Income Statement of Stockholders' Equity Statement of Cash Flows Notes to the Financial Statements Independent Auditors' Report on Supplemental Information Earnings from Contracts Contracts Completed During the Year Contracts in Progress at Year End Schedule of Cost of Revenues Earned Schedules of Administrative Expenses and Other Income / (Expenses) PAGE 1-2 3 4 5 6-10 11 12 13 14 15 3 CPAs MORT•WHITE -BUSHMAN INDEPENDENT AUDITORS' REPORT Directors and Officers Oleo, Inc. 24053 Vote Road Batesville, IN 47006 Report on the Financial Statement We have audited the accompanying statements of Olco, Inc .which comprise the balance sheet as of December 31, 2015, and the related statements of income and stockholder's equity and cash flows for the year then ended and the related notes to the financial statements. Management's Responsibility for the Financial Statements Management is responsible for the preparation and fair presentation of these 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 financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audit We conducted our audit in accordance withauditing standards generally accepted in the United States. of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit involves performing procedures. to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgement, including the assessment of risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion. 1241 Nagel Rd. Office: 513.934.9034 Cincinnati, Ohio 45255 Fac: 5130834.9039 1/\I -CPAs MORT•WHITE•BUSHMAN Opinion In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Olco, Inc. as of December 31, 2015, in accordance with accounting principles generally accepted in the United States of America. Wort, White and Bushman, CPA "s Cincinnati, Ohio March 3, 2016 1241 Nagel Rd. Office: 513.934.9034 Cincinnati, Ohio 45255 Fax: 513.93409039 DLCO, INC. BALANCE SHEET AS OF DECEMBER 31, 2015 ASSETS Current Assets Cash $ 352,722 Contract Receivables 354,079 Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts 309,082 Prepaid Insurance - Total Current Assets 1,015,883 Property and Equipment Furniture and Fixtures/Office Equipment 25,552 Building 218,547 Machinery. and Equipment 2,850,610 Vehicles 899.952 Total 3,994,661 Less Accumulated Depreciation 1,407,463 Total Property and Equipment 2,587,198 Total Assets $ 3,603,081 See Auditors' Report and Accompanying Notes -1 - DLCO, INC. BALANCE SHEET AS OF DECEMBER 31, 2015 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Line of Credit Notes Payable - Current Portion Accounts Payable Billings in Excess of Costs and Estimated Earnings on Uncompleted Contracts Accrued and Withheld Liabilities Total Current Liabilities Notes Payable (Less Current Portion) Total Liabilities Stockholders' Equity Common Stock, No Par Value, 1,000 Shares Authorized, 100 shares Issued and Outstanding Additional Paid In Capital Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity See Auditors' Report and Accompanying Notes -2- 255,917 255,917 379,960 635.867 1,000 38,448 2,927,766 2,967,214 $ 3,603,081 OLCO, INC. STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2015 Contract Revenues Earned Cost of Revenues Earned Gross Profit Administrative Expenses Income from Operations . Other Income I (Expenses) Net Income See Auditors' Report and Accompanying Notes - 3 - Amount Percent $ 5,478,250 100.0 % 3,777,987 69.0 9,700,263 31.0 501,440 9.2 1,198,823 21.8 (1,727) 0.0 $ 1,197,096 21.8 % DLCO, INC. STATEMENT OF STOCKHOLDER'S EQUITY See Auditors' Report and Accompanying Notes -4- Total Common Paid in Retained Stockholder's Stock Capital Earnings Equity Balance as of December 31, 2014 $ 1,000 $ 38,448 $ 1,814,835 $ 1,854,283 Net Income for the Year - - 1,197,096 1,197,096 Stockholder Distributions - - (84,165) (84,165) Balance as of December 31, 2015 $ 1,000 $ 38,448 $ 2,927,766 $ 2,967,214 See Auditors' Report and Accompanying Notes -4- OLCO, INC. STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2015 Cash Provided by Operations Cash Flows From Investing Activities Purchase of Fixed Assets Cash Used in Investing Activities Cash Flows From Financing Activities Distributions to Stockholders Payments on Long -Term Debt Cash Used in Financing Activities Net Change in Cash Beginning Cash Balance Ending Cash Balance See Auditors' Report and Accompanying Notes .5- 1,119,225 (615,402) (615,402) (84,165) (350,971) (435,136) 68,687 284,035 $ 352,722 Amount Cash Flows From Operating Activities Net Income $ 1,197,096 Reconciliation of Net Income with Cash Flows from Operations Depreciation 325,545 Changes in Contract Receivables (114,04.8) Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts (237,486) Prepaid Insurance 60,510 Accounts Payable (112,392) Billings in Excess of Costs and Estimated Earnings on Uncompleted Contracts _ Accrued and Withheld Liabilities _ Cash Provided by Operations Cash Flows From Investing Activities Purchase of Fixed Assets Cash Used in Investing Activities Cash Flows From Financing Activities Distributions to Stockholders Payments on Long -Term Debt Cash Used in Financing Activities Net Change in Cash Beginning Cash Balance Ending Cash Balance See Auditors' Report and Accompanying Notes .5- 1,119,225 (615,402) (615,402) (84,165) (350,971) (435,136) 68,687 284,035 $ 352,722 OLCO, INC. NOTES TO THE FINANCIAL STATEMENTS NOTE 4 -ACCOUNTING POLICIES OLCO, Inc. is a general construction contractor specializing in highway roadside maintenance services including landscaping, trash removal and grass and brush mowing. The Company also performs construction management services. Contracts are generally less than two years in duration and are performed for public and private industry primarily in the Midwestern area of the United States. A summary of the significant accounting policies applied in the accompanying financial stafaments follows: Use of Estimates The process of preparing financial statements in conformity with generally accepted accounting principles requires the use of estimates and assumptions regarding certain types of assets, liabilities, revenues and expenses. Certain estimates relate to unsettled transactions and events as of the date of the financial statements. Other estimates relate to assumptions about the ongoing operations and may impact future periods. Accordingly, upon settlement, actual results may differ from estimated amounts. Percentage of Completion Method of Accounting OLCO, Inc. maintains its books and records on an accrual basis and reports income on the percentage of completion method. Profits on long-term contracts are recorded on the basis of the Company's estimates of the percentage of completion of individual contracts commencing when progress reaches a point where experience is sufficient to estimate final results with reasonable accuracy. That portion of the total contract price which is allocable, based on the percentage of completion measured by the cost -to -cost method, to contract expenditures incurred and work performed is accrued. As these long-term contracts extend over one or more years, revisions in cost and profit estimates during the course of the work are reflected in the accounting period in which the revisions become known. Change orders are included in contract amounts when they receive final approval or as work is completed if only preliminary approval has been obtained. Claims are not included in the contract amount until received unless otherwise noted. At the time a loss on a contract becomes known, the entire amount of the estimated ultimate loss is accrued. The asset, Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts, represents revenues recognized in excess of amounts billed. The liability, Billings in Excess of Costs and Estimated Earnings on Uncompleted Contracts, represents billings in excess of revenues recognized. Construction management revenues are recognized as services are rendered based upon managements estimation of the percentage of completion, measured by the cost -to -cost method, of the construction projects under management. WE OLCO, INC. NOTES TO THE FINANCIAL STATEMENTS NOTE 1 -ACCOUNTING POLICIES (Continued) Contract Receivables The Company generally adjusts contract profit or loss for disputed accounts. Contract receivables are stated at their contractual outstanding balances, net of any allowance for doubtful accounts. Accounts are considered past due if any portion of an account has not been paid in full within the contractual terms of the account. The Company begins to assess its ability to collect receivables that are over 90 days past due and provides for an adequate allowance for doubtful accounts based on the Company's collection history, the financial stability and recent payment history of the customer and other pertinent factors. Based on these criteria, the Company has estimated an allowance for doubtful accounts at $0 at December 31, 2015, since it expects no material losses. Furniture, Equipment, and Vehicles Furniture, equipment and vehicles are stated at cost and depreciated over the estimated useful lives of the related assets. Depreciation is computed using the straight-line method for financial reporting purposes and using accelerated methods for income tax purposes. Maintenance and repairs are charged to operations when incurred. Significant betterments and renewals are capitalized. When furniture, equipment, vehicles and improvements are sold or otherwise disposed of, the asset account and related accumulated depreciation account are relieved, and any gain or loss is included in operations. The useful lives of furniture, equipment, vehicles and improvements for purposes of computing depreciation are: Furniture 7 Years Equipment and Vehicles 5 Years Building 40 Years Advertising The Company expenses the cost of advertising when incurred. Subsequent Events Management has evaluated subsequent events through March 3, 2016, the date the financial statements were available to be issued. -7- OLCO, INC. NOTES TO THE FINANCIAL STATEMENTS NOTE 2 - CASH FLOW INFORMATION At various times throughout the year, the Company may have cash in certain financial institutions in excess of FDIC insurance limits. As of December 31, 2015, the Company had no cash in financial institutions in excess of FDIC limits. For purposes of the cash flows statement, cash includes cash in the checking accounts. Cash paid for interest during the year ended December 31, 2015 was $16,616. The Company had a non-cash financing transaction for the year ended December 31, 2015 which consisted of Notes Payable incurred to purchase equipment in the amount of $642,731. NOTE 3 - CONTRACT RECEIVABLES Contract receivables consist of the following: Completed Contracts Contracts in Progress Retained $ 144,537 209,542 $ 354,079 NOTE 4 - COSTS AND ESTIMATED EARNINGS ON UNCOMPLETED CONTRACTS Costs, estimated earnings and billings on uncompleted contracts at December 31, 2015 are summarized as follows: Costs Incurred on Uncompleted Contracts $ 1,862,097 Estimated Earnings 507,968 2,370,065 Billings to Date 2,060,983 $ 309,082 . The above is included in the accompanying balance sheets under the following captions: Costs and Estimated Earnings in Excess of Billings on Uncompleted Contracts $ 309,082 Billings in Excess of Costs and Estimated Earnings on Uncompleted Contracts - $ 309,082 DLCO, INC, NOTES TO THE FINANCIAL STATEMENTS NOTE 5 - LINE OF CREDIT The Company has a $400,000 revolving line of credit with the bank. The line of credit is collateralized by all Company assets and personally guaranteed by the stockholders. Interest is payable monthly at the prime rate of interest (the prime rate was 3.25% at December 31, 2015). The line matures in April 2016. NOTE 6 - NOTES PAYABLE The Company has several installment notes payable to financial institutions with interest rates from 0% and 3.25%. The loans are collateralized by the associated vehicle and equipment. Final payments are due in January 2020 Less Current Portion Long -Term Portion The remaining maturities on these installment notes payable are as follows: Years Ending December 31, 2016 $ 255,917 2017 166,732 2018 127,313 2019 84,618 2020 1,287 $ 635,867 NOTE 7 - INTEREST EXPENSE $ 635,867 255,917 $ 379,950 The Company incurred interest expense of $16,616 on all outstanding debt for the year ended December 31, 2015. NOTE 8 —ADVERTISING EXPENSE During the. year ended December 31, 2015, the Company incurred and expensed $1,178 in advertising costs. NOTE 9 -'S' CORPORATION The Company has elected under Section 1362 of the Internal Revenue Code to be taxed as an 'S' Corporation. Under the provisions of this chapter, most of the tax liabilities and benefits from the corporation pass directly to its stockholders. As such, any timing differences between financial statement and taxable income will also be taxed to the sole stockholder. The Company makes distributions sufficient to meet the stockholders' personal income tax liability resulting from the Company's taxable 'S' Corporation income passing through to them. -9- OLCO, INC, NOTES TO THE FINANCIAL STATEMENTS NOTE 10 - BACKLOG The following schedule summarizes changes'in backlog on contracts during the year ended December 31, 2015. Backlog represents the amount of revenue the Company expects to realize from work to be performed on contracts in progress at year end and from contractual agreements on which work has not yet begun. Backlog Balance at Beginning of Year $ 2,189,690 New Contracts and Contract Adjustments During the Year 5,313,308 7,502,998 Less Contract Revenue Earned During the Year 5,478,250 Backlog Balance at End of Year $ 2,024,748 -10- M, U%ICPAs MORT•WHITE•BUSHPAAN INDEPENDENT AUDITORS' REPORT ON SUPPLEMENTAL INFORMATION Directors and Officers Olco, Inc. 24053 Vote Road Batesville, IN 47006 Our report on our audit of the basic:financial statements of Olco, Inc. appears earlier in these financial statements. Our -audit of the year ended December 31, 2014 financial statements was conducted for the purpose of forming. an opinion on the basic financial statements as a whole. The accompanying supplemental information as listed in the.table of contents is presented only for purposes of additional analysis and. is not a required part of the financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing. and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements-, or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the information is fairly stated in all material respects in relation to the basic financial statements as a whole. W oit, White and (Bushman, CPA's Cincinnati, Ohio March 3, 2016 1241 Nagel Rd. Office: 5.13.934.9034 Cincinnati, Ohio 45255 Fax: 513.934.9039 OLCO, INC. EARNINGS FROM CONTRACTS For the Year Ended December 31, 2015 Revenues Cost of Gross Earned Revenues Profit Contracts Completed During the Year $ 3,079,685 $ 1,470,151 $ 1,609,534 Contracts in Progress at Year End 2,370,065 1,862,097 507,968 Time and Material 28,500 24,397 4,103 Underapplied Overhead - 421,342 (421,342) $ 5,478,250 $ 3,777,987 $ 1,700,263 See Auditors' Report on Supplemental Information -11- OLCO, INC. CONTRACTS COMPLETED DURING THE YEAR See Auditorss' Report an Supplemental Information -12- During the Year Ended Contract Totals Before January 1, 2015 December 31, 2015 Revenues Cost Of Gross Revenues Cost Of Gross Revenues Cost Of Gross Contract Earned Revenues Profit Earned Revenues Profit Earned Revenues Profit R-36869 Main Sl $ 699,705 $ 695,477 $ 204,228 $ 244,894 $ 185,458 $ 59,436 $ 654,811 $ 510,019 $ 144,792 R-36888 Beech Grove 372,676 294,593 78,083 269,406 205,723 63,685 103,268 88,870 14,398 R-36792 SR 26 Clearing 194,836 104,593 90,243 - - - 194,836 104,593 90,243 R-37958 Vincins Bridge 154,743 75,892 78,851 - - - 154,743 75,892 78,851 R-35612 Sunman 150,190 94,695 55,495 - - 150,190 94,695 55,495 R-37692 Seymor Bridge 126,992 34,300 92,692 - - - 126,992 34,300 92,692 R-37267 Post Road Culvert 122,972 63,499 59,473 - - - 122,972 63,499 59,473 R-34719 Crosly Park Bridge 45,099 31,432 13,667 - - - 45,099 31,432 13,667 Mowing 1,517,682 461,982 1,055,700 - - - 1,517,682 461,982 1,055,700 Miscellaneous Small Contracts 9,092 4,869 4,223 - - - 9,092 4,869 4,223 $ 3,593,987 $ 1,861,332 $ 1,732,655 $ 514,302 $ 391,181 $ 123.121 $ 3,079,885 $ 1,470,151 $ 1,509,534 See Auditorss' Report an Supplemental Information -12- Contract R-36871 1461h ADA R-35163 Racoon Creek Estimated Fall Creek Trail R-31516 SR36 Bridge R-35811 Lawrence arts OLCO, INC. CONTRACTS IN PROGRESS AT YEAR END Total Contract During the Year Ended December 31, 2015 Revenues Costs Estimated Earned Estimated Gross $ 834,980 Cost of Profit Revenues Revenues (Loss) $ 859,000 $ 715,245 $ 143,755 935,000 717,295 217,705 1,990,000 1,592,000 398,000 463,813 374,017 89,796 147.000 82,8D2 64,198 During the Year Ended December 31, 2015 Revenues Costs Gross Earned Incurred At December 31, $ 834,980 From Inception To December 31, 2016 139,735 926,627 2016 215,732 3,423 2,736 685 462,573 Costs And Billings 142,562 80,302 62,260 Estimated In Earnings Excess Of Total Estimated In Costs And Revenues Costs Gross Billed Cost To Excess Of Estimated Earned Incurred Profit To Date Complete Billings Earnings $ 834,980 $ 695,245 $ 139,735 $ 784,105 $ 20,000 $ 50,875 $ 926,527 710,795 215,732 919,103 6,500 7,424 - 3,423 2,736 885 - 1,589,262 3,423 - 462,573 373,017 89,656 357,582 1.00D 104,991 - 142,562 80,302 62,260 193 2,500 142,369 - During the Year Ended December 31, 2015 Revenues Costs Gross Earned Incurred Profit $ 834,980 $ 695,245 $ 139,735 926,627 710,795 215,732 3,423 2,736 685 462,573 373,017 89,656 142,562 80,302 62,260 $ 4,394,813 $ 34 $ $ 2,370,065 $ 1,882,097 $_ _ 507,968 $ 2,080,983 $ 1,619,262 $_ 309,082 $�$ 1,862,097 $ 507.988 0 See Auditors' Report on Supplemental Information -13- OLCO, INC. SCHEDULE OF COST OF REVENUES EARNED FOR THE YEAR ENDED DECEMBER 31, 2015 Cost of Revenues Earned Materials and Supplies Direct Labor Payroll Taxes Equipment and Vehicle Fuel Subcontractors and Engineering Fees Depreciation Equipment and Vehicle Repairs and Maintenance Equipment and Vehicle Expenses Equipment Rental Job Travel and Lodging Bonds Equipment and Vehicle Interest Fees and Licenses Total Cost of Revenues Earned See Auditors' Report on Supplemental Information -14- Amount Percent $ 1,072,106 19.7 % 1,426,854 26.0 128,417 2.3 189,648 3.5 266,203 4.9 317,348 5.8 53,395 1.0 163,719 3.0 40,350 0.7 55,631 1.0 44,977 0.8 16,616. 0.3 2,723 0.0 $ 3,777,987 69.0 % OLCO, INC. SCHEDULES OF ADMINISTRATIVE EXPENSES AND OTHER INCOME / (EXPENSES) FOR THE YEAR ENDED DECEMBER 31, 2015 Administrative Expenses Salaries and Wages Payroll Taxes Insurance Vehicle Expense Office Expenses Professional Fees Telephone and Communications Property and Other Taxes Depreciation Travel Utilities Medical Insurance Donations Advertising Miscellaneous Total Administrative Expenses Other Income / (Expenses) Interest Income Bonuses Fines and Penalties Total Other Income / (Expenses) See Auditors' Report on Supplemental Information Amount Percent $ 157,220 3.0 % 9,871 0.2 160,907 3.0 72;561 1.3 6,530 0.1 18,122 0.3 13,800 0.3 18,495 0.3 8,197 0.1 7,964 0.1 6,053 0.1 687 0.0 200 0.0 1,178 0.0 19,655 0.4 $ 501,440 9.2 % $ 102 0.0 % - 0.0 (1,829) 0.0 $ (1,727) - % CONSENT TO ACTION OF THE BOARD OF DIRECTORS OF OLCO, INC. Batesville, Indiana February 1, 2016 The undersigned, being all of the Directors of DLCO, INC. (the "Corporation'), do hereby adopt the following resolutions and approve the following actions without a formal meeting, pursuant to Indiana Code § 23-1-342: RESOLVED, that the following individuals are hereby elected to the following executive offices of the Corporation, to serve until a successor or successors are duly elected and qualified: Name Office(s) Pamela K. Oesterling President and Secretary William J. Oesterling Vice President and Treasurer RESOLVED FURTHER, that Pamela K. Oesterling and William J. Oesterling are hereby authorized and directed to transact business for and on behalf of the Corporation and to take all further actions and sign all further documents by and in the name of the Corporation. RESOLVED FURTHER, that all of the actions taken by the elected officers of the Corporation on behalf of the Corporation during its 2015 fiscal year and to the date hereof are hereby ratified, approved and confirmed. RESOLVED FURTHER, that this Consent to Action shall be delivered to the secretary for inclusion in the minutes or filing with the corporate records. IN 'WITNESS WHEREOF, the undersigned have executed this Consent effective as of the I' day of February, 2016. 1 4838-0134-3020.1:OU04.GB001 .�J G-.a:,� Pamela K. Oesterling CONSENT TO ACTION OF THE SHAREHOLDERS OF OLCO, INC. Batesville, Indiana Febnmary 1, 2016 The undersigned, being all of the Shareholders of OLCO, INC. (the "Corporation"), do hereby adopt the following resolutions and approve the following actions without a formal meeting, pursuant to Indiana Code § 23-1-29-4: RESOLVED, that the following individuals are hereby elected to serve as the Directors of the Corporation until the next annual meeting of the Corporation's shareholders or until a successor or successors are duly elected and qualified: William J. Oesterling Pamela K. Oesterling RESOLVED FURTHER, that all of the actions taken or authorized by the Board of Directors of the Corporation on behalf of the Corporation during its 2015 fiscal year and to the date hereof are hereby ratified, approved and confirmed. RESOLVED FURTHER, that this Consent to Action shall be delivered to the secretary for inclusion in the minutes or filing with the corporate records. IN WITNESS WHEREOF, the undersigned have executed this Consent effective as of the I" day of February, 2016. William J. Oesterling f Pamela K. Oesterling `J 4820-2210-6156.1 :OL 004.GB001 INDOT BIDDER'S LIST REGISTRATION STATEMENT IMPORTANT Federal regulation (49 CFR 26.11) requires INDOT to identify the total number of companies (at any tier) who seek to work on -our federally -assisted contracts (i.e., contractors, subcontractors, consultants, haulers, suppliers, etc.). FAILURE TO SUBMIT THIS FORM MAY RESULT IN LOST BUSINESS OPPORTUNITIES WITH INDOT. I Name ofFirm: OLCO Inc. Address of Firm (Number and Street Name, City, State, Zip Code): 24053 Vote Rd. Batesville, IN 47006 I Status of Firm: DBE ❑ Non -DBE ❑✓ I Age of Firm: 30+ Years I Total annual gross receipts (including INDOT projects) of the $ 5,400,000 Million I Calendar Year: 2015 firm for the most recently completed calendar year. In what capacity has your fine participated in the past calendar year (check all that apply): Prime Contractor ❑✓ Subcontractor ❑ Consultant ❑ Supplier ❑ Hauler ❑ Identify all prime contractors, subcontractors, consultants, suppliers, and haulers that your firm quoted or solicited work to or from during the past calendar year (check all that apply): Company Name Prime Contractor Subcontractor Consultant Supplier Hauler Stephen J. Christian & Associates ❑ ❑✓ ❑ ❑ ❑ Maxim Crane ❑ ❑✓ ❑ ❑ ❑ Indiana Sign & Barricade ❑ ✓❑ ❑ ❑ ❑ Morphey ❑ © ❑ ❑ ❑ CE Hughes ❑ © ❑ ❑ ❑ McCreary Concrete Products ❑ ❑ ❑ _ ✓❑ ❑ Indiana Traffic Services ❑ ©I ❑ ❑ ❑ TC Electric ❑ ✓❑. ❑ ❑ ❑ Midwest Seedling Supply, LLC ❑ ❑✓ ❑ ❑ ❑ Crane Excavating ❑ ❑✓ ❑ ❑ ❑ Laura Kopetsky Tri -Ax ❑ ❑ ❑ ❑ ✓❑ Hannon Steel❑ ✓❑ ❑ ❑ ❑ Jarbow Trucking ❑ ❑ ❑ ❑ ❑✓ HD Supply ❑ ❑ ❑ ❑✓ ❑ Jobsite Supply ❑ ❑ ❑ ✓❑ ❑ Contech ❑ ❑ ❑ ❑✓ ❑ CMA Supply ❑ ❑ ❑ ❑✓ ❑ Shelby Materials ❑ ❑ ❑ ✓❑ ❑ Martin Marietta Materials ❑ ❑ ❑ ✓❑ ❑. Jane's Earth ❑ ❑I ❑ ✓❑ ❑ Listerman & Associates ❑ ❑ ❑ ✓❑ ❑ Hot Mix, Inc. ❑ ❑ ❑ ❑✓ ❑ American Timber &Steel ❑ ❑ ❑ ✓❑ ❑ Watson Bowman Acme ❑ ❑ ❑ ❑✓ ❑ Construction Fabrics & Grids ❑ ❑ ❑ Q ❑ C•Tech ❑ ✓❑ I ❑ ❑ ❑ K&S Markers ❑ ©I ❑ ❑ ❑ IMI ❑ ❑ ❑ ❑✓ ❑ St. Regis Culvert ❑ ❑ I ❑ I d❑ ❑ Javelina ❑ © I ❑ I ❑ 1 ❑ ATTACH ADDITIONAL PAGES IF NEEDED Office of Indiana State Chemist www.isco.purdue.edu Pesticide Applicator License Cat: 6 License #: F226411 Expires: 12/31/2016 JOSEPH DOUGLAS OESTERLING OLCO INC Office of Indiana State Chemist www.isco.purdue.edu Pesticide Applicator License Cat: 6 License #: F227101 Expires: 12/31/2016 WILLIAM J. OESTERLING iiiiiiiiiii