The School Board of Broward County, Florida
Created : April 21, 2013 at 07:43 PM |
Meeting: Regular School Board Meeting : JJ. Office of Facilities & Construction | |||||
JJ-2. Reduction of Retainage - Hewett-Kier Construction, Inc. -
New Multipurpose Building, Remodeling & Site Improvements - Cypress Elementary School, Pompano Beach - Project No. P.000346 (f.k.a. 1781-24-01) (D)
March 05, 2013 Status: Open Agenda |
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Quick Summary / Abstract
Approve the recommendation to reduce retainage now being held on Cypress Elementary School, New Multipurpose Building, Remodeling & Site Improvements, Project No. P.000346, for the Construction Manager, Hewett-Kier Construction, Inc., from $270,954 to $54,135. In accordance with School Board Policy 7005, the Superintendent of Schools is recommending that the Retainage be reduced from $270,954 to $54,135, which is an equivalent reduction from 5% to 1%. The amount being withheld is contingent upon resolution of a delay claim and request for extended General Condition fees by the Construction Manager. All work associated with the project scope is complete and final inspections by the Architect and the Chief Building Official are approved. All close-out documentation has been provided as per contract. The funds being released totaling $216,819 are included in the Adopted District Educational Facilities Plan, Fiscal Year 2007-2008 to 2011-2012, page 43. Requested Action Approve the recommendation to reduce retainage now being held on Cypress Elementary School, New Multipurpose Building, Remodeling & Site Improvements, Project No. P.000346, for the Construction Manager, Hewett-Kier Construction, Inc., from $270,954 to $54,135. Summary In accordance with School Board Policy 7005, the Superintendent of Schools is recommending that the Retainage be reduced from $270,954 to $54,135, which is an equivalent reduction from 5% to 1%. The amount being withheld is contingent upon resolution of a delay claim and request for extended General Condition fees by the Construction Manager. All work associated with the project scope is complete and final inspections by the Architect and the Chief Building Official are approved. All close-out documentation has been provided as per contract. School Board Goals
Financial Impact The funds being released totaling $216,819 are included in the Adopted District Educational Facilities Plan, Fiscal Year 2007-2008 to 2011-2012, page 43. Source of Additional Information Dave Archer754 321-1660 Associated File Attachments |