Created : March 17, 2013 at 07:01 PM
January 18, 2005
Status: Pending
Approve the recommendation to reduce retainage now being held on the Driftwood Elementary School, Project No. 0721-94-02 from the General Contractor, South Florida Construction Services Inc., (SFCS, Inc.) from $44,046 to $1,000.
In accordance with School Board Policy 7005, the Facilities and Construction Management Division is recommending that the retainage be reduced from $44,046 to $1,000.
The project has reached Substantial Completion. The amount of $1,000 is being withheld at this time pending final closeout of the project.
Subsequent to Final Completion, this project will be brought back to the Board for Final Acceptance and Release of Retainage.
The funds being released totaling $43,046 are included in the Adopted District Educational Facilities Plan, Fiscal Years 2004-2005 to 2008-2009, page 43.
Requested Action
Approve the recommendation to reduce retainage now being held on the Driftwood Elementary School, Project No. 0721-94-02 from the General Contractor, South Florida Construction Services Inc., (SFCS, Inc.) from $44,046 to $1,000.
Summary
In accordance with School Board Policy 7005, the Facilities and Construction Management Division is recommending that the retainage be reduced from $44,046 to $1,000.
The project has reached Substantial Completion. The amount of $1,000 is being withheld at this time pending final closeout of the project.
Subsequent to Final Completion, this project will be brought back to the Board for Final Acceptance and Release of Retainage.
School Board Goals
| Goal 2 - All schools will have equitable resources. |
Financial Impact
The funds being released totaling $43,046 are included in the Adopted District Educational Facilities Plan, Fiscal Years 2004-2005 to 2008-2009, page 43.
Source of Additional Information
Bertram Lewars, (754) 321-1623
Associated File Attachments
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contractorsretainage (Files) | |
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consentofsurety (Files) | |
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tco (Files) | |
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ExecutedARF (Files) |