August 27, 2008
Status:
Approve the recommendation to reduce retainage now being held on Miramar High School, Project No. P.000339 (f.k.a. 1751-98-01) from the General Contractor, Turner Construction Company from $212,083 to $42,314.
In accordance with School Board Policy 7005, the Facilities and Construction Management Division is recommending that the retainage be reduced from $212,083 to $42,314.
The amount of $42,314 is being withheld at this time pending completion of this project.
The funds being released totaling $169,769 are included in the District Educational Facilities Plan, Fiscal Year 2008-2009 to 2012-2013.
Requested Action
Approve the recommendation to reduce retainage now being held on Miramar High School, Project No. P.000339 (f.k.a. 1751-98-01) from the General Contractor, Turner Construction Company from $212,083 to $42,314.
Summary
In accordance with School Board Policy 7005, the Facilities and Construction Management Division is recommending that the retainage be reduced from $212,083 to $42,314.
The amount of $42,314 is being withheld at this time pending completion of this project.
School Board Goals
| Goal Three: Safety (2008-2011) |
Financial Impact
The funds being released totaling $169,769 are included in the District Educational Facilities Plan, Fiscal Year 2008-2009 to 2012-2013.
Source of Additional Information
Reinaldo Oliver754 321-1645
Associated File Attachments
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Retainage Redcution Certification (Files) | |
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Consent of Surety to Reduction of Retainage (Files) | |
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Collaboration Form (Files) | |
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ExecutedARF (Files) |