June 19, 2007
Status:
Approve the recommendation to reduce retainage now being held on the Piper High School, Regional Athletic Facility, Project No. 1901-99-51, from the General Contractor, MBR Construction, Inc. from $58,374 to $3,019.
In accordance with State Statute No. 255.078, Public Construction Retainage, the Facility and Construction Management Division is recommending that the retainage be reduced from $58,374 to $3,019.
The amount of $3,019 is being withheld at this time pending final accounting and payment of outstanding change orders.
This project will be brought back to The Board for further release of retainage.
The funds being released in the amount of $55,355 are included in the Adopted District Educational Facilities Plan, Fiscal Years 2006-2007 to 2010-2011.
Requested Action
Approve the recommendation to reduce retainage now being held on the Piper High School, Regional Athletic Facility, Project No. 1901-99-51, from the General Contractor, MBR Construction, Inc. from $58,374 to $3,019.
Summary
In accordance with State Statute No. 255.078, Public Construction Retainage, the Facility and Construction Management Division is recommending that the retainage be reduced from $58,374 to $3,019.
The amount of $3,019 is being withheld at this time pending final accounting and payment of outstanding change orders.
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 $55,355 are included in the Adopted District Educational Facilities Plan, Fiscal Years 2006-2007 to 2010-2011.
Source of Additional Information
Israel Rodriguez-Soto 754 321-1608
Associated File Attachments
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releaseofretaininagecertificate (Files) | |
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consentofsurety (Files) | |
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collaborationformcapitalbudget (Files) | |
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ExecutedARF (Files) |