Board Agenda - October 02, 2007

3. Bowman Science addition, #1 and project close out

Presenter: Richard Matkin

Purpose: A - Request decision - closure required

Time: No time limit

Description:

This Change Order reconciles the allowance balance remaining in the project. Also contributing to this final cost are sub-contract buy-out savings, reduced General Conditions costs, and a reduction in the Construction Manager's fee due to the overall reduction in cost. In addition to the cost reduction reflected here, improvements to the Art Room identified in the Bond Program were incorporated in this work.

The Work of this Contract has been completed, the required closeout documentation is being completed and the Project is ready for Final Acceptance.

Summary:
Original Contract Amount: $ 2,964,175.00
Previous approved Change Orders: $ 0.00
Contract Amount prior to this Change Order: $ 2,964,175.00
This Change Order amount: $ (75,847.00)
Contract Amount after this Change Order: $ 2,888,328.00

Recommendation:

The Administration recommends that Change Order No. 1 in the deductive amount of $75,847.00 be approved. The Architect has reviewed this Change Order and they concur with the amount. The Administration also recommends that the work for the Bowman Middle School Science Addition be accepted, and that final payment, including the release of retainage, be made to The Beck Group.

Business Impact:

Estimated Value: ($75,847.00)
Budget/Financial Implication: 2004 Bond Funds

Summary:

Appendix:

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