Created : March 16, 2013 at 11:10 PM
August 05, 2003
Status:
Approve the recommendation to reduce retainage now being held on the project from the Contractor, Padula and Wadsworth Construction, Inc., from $105,283 to $43,936.
In accordance with Article 8.4 of the Agreement between The School Board of Broward County, Florida and Padula and Wadsworth Construction, Inc., the Facilities and Construction Management Division is recommending that the retainage be reduced.
Construction of the project is presently 99% complete and 7% is being withheld at this time pending final accounting and close out documents.
This project will be brought back to the Board for Final Release of Retainage.
There is no additional financial impact to the district.
Requested Action
Approve the recommendation to reduce retainage now being held on the project from the Contractor, Padula and Wadsworth Construction, Inc., from $105,283 to $43,936.
Summary
In accordance with Article 8.4 of the Agreement between The School Board of Broward County, Florida and Padula and Wadsworth Construction, Inc., the Facilities and Construction Management Division is recommending that the retainage be reduced.
Construction of the project is presently 99% complete and 7% is being withheld at this time pending final accounting and close out documents.
This project will be brought back to the Board for Final Release of Retainage.
School Board Goals
| Goal 2 - All schools will have equitable resources. |
Financial Impact
There is no additional financial impact to the district.
Source of Additional Information
David M. DeWald, Project Manager II, 954-760-7328 null
Associated File Attachments
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Certificate of Occupancy (Files) | |
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Consent of Surety (Files) | |
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Certification (Files) | |
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ExecutedARF (Files) |