June 06, 2006
Status: Pending
Approve the recommendation to reduce retainage now being held on Blanche Ely High School, Project No. 0361-21-01 from the General Contractor, Padula and Wadsworth Construction, from $525,073 to $5,000.
In accordance with School Board Policy 7005, the Facility and Construction Management Division is recommending that the retainage be reduced.
This project has received a Partial Temporary Certificate of Occupancy. The amount of $5,000 is being withheld at this time pending final completion and close out documents.
This project will be brought back to the Board for further Release of Retainage.
The funds being released in the amount of $520,073 are included in the Adopted District Educational Facilities Plan, Fiscal Years 2005-2006 to 2009-2010, page 124.
Requested Action
Approve the recommendation to reduce retainage now being held on Blanche Ely High School, Project No. 0361-21-01 from the General Contractor, Padula and Wadsworth Construction, from $525,073 to $5,000.
Summary
In accordance with School Board Policy 7005, the Facility and Construction Management Division is recommending that the retainage be reduced.
This project has received a Partial Temporary Certificate of Occupancy. The amount of $5,000 is being withheld at this time pending final completion and close out documents.
This project will be brought back to the Board for further Release of Retainage.
School Board Goals
| Goal 2 - All schools will have equitable resources. |
Financial Impact
The funds being released in the amount of $520,073 are included in the Adopted District Educational Facilities Plan, Fiscal Years 2005-2006 to 2009-2010, page 124.
Source of Additional Information
Dave Archer 754 321-1660
Associated File Attachments
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reductionretainagecertif (Files) | |
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consentofsurety (Files) | |
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partialtemporarycertif (Files) | |
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collaboration (Files) | |
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ExecutedARF (Files) |