September 19, 2006
Status:
Approve the recommendation to reduce the retainage now being held on Annabel C. Perry Elementary School, Project No. 1631-99-01 from the General Contractor, Padula and Wadsworth Construction, from $293,823 to $58,765.
In accordance with School Board Policy 7005, the Facilities and Construction Management Division is recommending that the retainage be reduced by $235,058. The amount of $58,765 is being withheld at this time pending final inspection of the project.
Subsequent to final inspection, this project will be brought back to the Board for Final Acceptance and Release of Retainage.
The funds being released totaling $235,058 are included in the Adopted District Educational Facilities Plan, Fiscal Years 2006-2007 to 2010-2011.
Requested Action
Approve the recommendation to reduce the retainage now being held on Annabel C. Perry Elementary School, Project No. 1631-99-01 from the General Contractor, Padula and Wadsworth Construction, from $293,823 to $58,765.
Summary
In accordance with School Board Policy 7005, the Facilities and Construction Management Division is recommending that the retainage be reduced by $235,058. The amount of $58,765 is being withheld at this time pending final inspection of the project.
Subsequent to final inspection, this project will be brought back to the Board for Final Acceptance and Release of Retainage.
School Board Goals
| Goal 2 - All schools will have equitable resources. |
Financial Impact
Reinaldo Olivera 754 321-1645
Source of Additional Information
The funds being released totaling $235,058 are included in the Adopted District Educational Facilities Plan, Fiscal Years 2006-2007 to 2010-2011.
Associated File Attachments
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contractorsretainagereduction (Files) | |
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consentofsuretydated090806 (Files) | |
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temporarycertificateofoccupancy080406 (Files) | |
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collaboration (Files) | |
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ExecutedARF (Files) |