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~~ <br />Mr. Steven G. Renner <br />2 <br />The cost associated with earthwork was reduced over $1 million: from <br />$2.6 to $1,5 million, because night shifts have been removed from the <br />calculations and because different, more efficient equipment has been <br />proposed for reclamation. MI.RD's calculations indicate that the latter <br />figure approximates the anticipated cost of earthwork. AFO is not <br />questioning this amount but it cautions against using the optimum <br />efficiency ratios; particularly since Mrun does not have any contingency <br />factor built in to its bond calculations. <br />If you have any questions, please contact Bernard Freeman or Donna <br />Griffin at (505) 766-1486. <br />Sincerely, <br />