June 06, 2006
Status: Pending
Approve the recommendation to reduce retainage now being held on Meadowbrook Elementary, Project No. 0761-99-01, from the General Contractor, Sessom Construction Company, Inc., from $332,332 to $166,166.
In accordance with School Board Policy 7005, the Facilities and Construction Management Division is recommending that the retainage be reduced from 10% to 5% for Phased Replacement, from $332,332 to $166,166.
This project consists of replacement of Buildings 11 and 12 and a construction of a new multi-purpose building. Building 11 and 12 have reached Substantial Completion. The release of retainage being requested is specific to Building 11 and 12.
Funds being released totaling $166,166 included in the Adopted District Educational Facilities Plan, Fiscal Year 2004-2005 to 2008-2009, page 5.
Requested Action
Approve the recommendation to reduce retainage now being held on Meadowbrook Elementary, Project No. 0761-99-01, from the General Contractor, Sessom Construction Company, Inc., from $332,332 to $166,166.
Summary
In accordance with School Board Policy 7005, the Facilities and Construction Management Division is recommending that the retainage be reduced from 10% to 5% for Phased Replacement, from $332,332 to $166,166.
This project consists of replacement of Buildings 11 and 12 and a construction of a new multi-purpose building. Building 11 and 12 have reached Substantial Completion. The release of retainage being requested is specific to Building 11 and 12.
School Board Goals
| Goal 2 - All schools will have equitable resources. |
Financial Impact
Funds being released totaling $166,166 included in the Adopted District Educational Facilities Plan, Fiscal Year 2004-2005 to 2008-2009, page 5.
Source of Additional Information
Sheldon Dash 754 321-1648
Associated File Attachments
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temporarycoo-bldg11 (Files) | |
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temporarycoobldg12 (Files) | |
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consentofsurety (Files) | |
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contractorsretainage (Files) | |
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collaboration (Files) | |
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ExecutedARF (Files) |