Board Agenda - June 06, 2006

g. Change order and project close out, Cox Building Renovation

Presenter: Richard Matkin

Purpose: A - Request decision - closure required

Time: No time limit

Description:

This Change reconciles the allowance balance remaining in the project and work credited back to the project. 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: $4,275,000.00
Previous Approved Change Orders: $ 51,873.25
Contract Amount prior to this Change Order: $4,326,873.25
This Change Order Amount: $ (8,873.39)
Contract Amount After This Change Order: $4,317,999.86

Recommendation:

The Administration recommends that Change Order 2 in the deductive amount of ($8,873.39) be approved. The Administration also recommends Final Payment to Alshal Construction including Release of Retainage and Acceptance of Work.

Business Impact:

Estimated Value: ($8,873.39). Budget/Financial Implication: TIF Funds.

Summary:

Appendix:

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