The School Board of Broward County, Florida Created : March 17, 2013 at 07:01 PM	Meeting: Regular School Board Meeting :  J. Facilities and Construction Management
9. Reduction of Retainage Hallandale Adult & Community Center, Hallandale 12 Classroom Addition Project No. 0592-99-01 January 18, 2005 Status: Pending
Quick Summary / Abstract REVISED Approve the recommendation to reduce retainage now being held on the Hallandale Adult & Community Center, Project No. 0592-99-01 from the General Contractor, Terre Neuve, Inc., from $113,927 to $87,071 $26,856. In accordance with School Board Policy 7005, the Facility and Construction Management Division is recommending that the retainage be reduced from 4% to 1%. This project has received a Partial Temporary Certificate of Occupancy. The amount of $87,071 $26,856 is being withheld at this time pending final completion and close out documents. This project will be brought back to the Board for further Release of Retainage. The funds being released in the amount of $26,856 $87,071 are included in the Adopted District Educational Facilities Plan, Fiscal Years 2004-2005 to 2008-2009, page 120. Requested Action REVISED Approve the recommendation to reduce retainage now being held on the Hallandale Adult & Community Center, Project No. 0592-99-01 from the General Contractor, Terre Neuve, Inc., from $113,927 to $87,071 $26,856. Summary In accordance with School Board Policy 7005, the Facility and Construction Management Division is recommending that the retainage be reduced from 4% to 1%. This project has received a Partial Temporary Certificate of Occupancy. The amount of $87,071 $26,856 is being withheld at this time pending final completion and close out documents. 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 $26,856 $87,071 are included in the Adopted District Educational Facilities Plan, Fiscal Years 2004-2005 to 2008-2009, page 120. Source of Additional Information Bertram Lewars, 754 321-1623 Associated File Attachments OriginalJ-9AgendaRequestForm (Files)   consentofsurety (Files)   partialtco (Files)   letterfromterreneuve (Files)   reductionretainage (Files)   Revision (Files)   ExecutedARF (Files)