June 19, 2007
Status:
Approve a decrease of $79,500.94 in the Contingency Account as provided for in the Construction Management at Risk Agreement between The School Board of Broward County and James B. Pirtle Construction Co., Inc., dated September 6, 2006.
This contingency use directive represents the cost for FPL to develop the primary electrical service to the site. Under Public Utility Commission Rules, the first customer in an area must bear the cost of extending electrical service to the area and then recoup a portion of the expense from neighboring FPL customers as they purchase service. Because we did not expect Cypress Run Education Center to be the first customer in the area this cost was unanticipated. The total cost of this work is $79,500.94 from the current Contingency Account Balance of $601,686.75. We should recapture $25,206 of this expense within three years from neighboring FPL customers.
The financial impact of the item is $79,500.94 which will come from the Contingency Account of the Construction Management at Risk Contract. This project is included in the Adopted District Educational Facilities Plan, Fiscal Years 2006-2007 to 2010-2011. Since this item adjusts the contract allocations and does not affect the project budget, a collaboration form is not required from the Capital Budget Department.
Requested Action
Approve a decrease of $79,500.94 in the Contingency Account as provided for in the Construction Management at Risk Agreement between The School Board of Broward County and James B. Pirtle Construction Co., Inc., dated September 6, 2006.
Summary
This contingency use directive represents the cost for FPL to develop the primary electrical service to the site. Under Public Utility Commission Rules, the first customer in an area must bear the cost of extending electrical service to the area and then recoup a portion of the expense from neighboring FPL customers as they purchase service. Because we did not expect Cypress Run Education Center to be the first customer in the area this cost was unanticipated. The total cost of this work is $79,500.94 from the current Contingency Account Balance of $601,686.75. We should recapture $25,206 of this expense within three years from neighboring FPL customers.
School Board Goals
| Goal 2 - All schools will have equitable resources. |
Financial Impact
The financial impact of the item is $79,500.94 which will come from the Contingency Account of the Construction Management at Risk Contract. This project is included in the Adopted District Educational Facilities Plan, Fiscal Years 2006-2007 to 2010-2011. Since this item adjusts the contract allocations and does not affect the project budget, a collaboration form is not required from the Capital Budget Department.
Source of Additional Information
Sam Bays 754 321-1626
Associated File Attachments
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document0125g:contingencyusedirective (Files) | |
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proposalfromfloridapowerandlight (Files) | |
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ExecutedARF (Files) |