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    2.    
City Council Regular
Meeting Date: 03/06/2018  
Subject:    Approve Final Payment for Project 16-1, Street Reconstruction - Vendor ID 104696
Submitted For: Sharon Legg From: Dianne Nelson, Advanced Accounting Technician

INTRODUCTION
The City Engineer has recommended final payment to Park Construction Company in the amount of $212,290.21 for Project 16-1, Street Reconstruction.
DISCUSSION
A summary of Project 16-1 is as follows:
Contract completion date 9/16/16
Substantial completion date 9/2/16
Final completion date 10/14/16
 
Contract amount $4,039,102.36
Total additions/deletions $252,989.10
Final contract amount $4,292,091.46
Actual project costs $4,123,584.42
Less: previous payments by City ($3,911,294.21)
Amount due $212,290.21
Amount under final contract $168,507.04
The changes for the project were for an upsize in watermain pipe, replacement of existing storm and sanitary sewer manhole castings, rock bedding to be placed under watermain pipe, additional subgrade excavation as well as additional traffic control required to perform certain watermain construction operations.  The actual project costs were less than the final contract amount due to quantity adjustments from original bid.
RECOMMENDATION
All of the above dates and amounts are reasonable and accurate according to the project file.  No liquidated damages are recommended.  Staff recommends approval of change orders and final payment to Park Construction Company in the amount of $212,290.21 for Project 16-1, Street Reconstruction.

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