January 25, 2011
Status:
Approve the recommendation to reduce retainage now being held on North Andrews Gardens Elementary School Phase Replacement II, Project No. P.000098, for Padula & Wadsworth Construction, Inc., from $218,938 to $49,482.
In accordance with School Board Policy 7005, the Facilities and Construction Management Department is recommending that the retainage be reduced from $218,938 to $49,482. The amount of $49,482 is being withheld pending final completion and the installation of smoke doors at Building #5 and #6 (second floor) by another Contractor and the credit change order for $48,482 for the deleted work. Therefore, the release of retainage to Padula & Wadsworth would be for $169,456.
This project will be brought back to the Board for Final Acceptance and Release of Retainage.
The funds being released totaling $169,456 are included in the Adopted District Educational Facilities Plan, Fiscal Years 2010-2011 to 2014-2015.
Requested Action
Approve the recommendation to reduce retainage now being held on North Andrews Gardens Elementary School Phase Replacement II, Project No. P.000098, for Padula & Wadsworth Construction, Inc., from $218,938 to $49,482.
Summary
In accordance with School Board Policy 7005, the Facilities and Construction Management Department is recommending that the retainage be reduced from $218,938 to $49,482. The amount of $49,482 is being withheld pending final completion and the installation of smoke doors at Building #5 and #6 (second floor) by another Contractor and the credit change order for $48,482 for the deleted work. Therefore, the release of retainage to Padula & Wadsworth would be for $169,456.
This project will be brought back to the Board for Final Acceptance and Release of Retainage.
School Board Goals
| Goal Three: Safety (2008-2011) |
Financial Impact
Greg Boardman 754 321-1620
Source of Additional Information
The funds being released totaling $169,456 are included in the Adopted District Educational Facilities Plan, Fiscal Years 2010-2011 to 2014-2015.
Associated File Attachments
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retainagereducationcertification (Files) | |
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consentofsurety (Files) | |
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temporarycertificateofoccupancyletterdated110510 (Files) | |
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collaborationsignoffformcapitalbudget (Files) | |
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ExecutedARF (Files) |