TO: Mayor and City Council
FROM: Beth Beatty, City Manager
SUBJECT:
title
Change Order No. 1 for the Stone Street (Center - Hickory) Roadway Improvement Project - 2023 MFT Section No. 23-00556-00-FP to PT Ferro Construction Co. in the amount of ($54,149.90) and Payment Request No. 3 and Final in the Amount of $42,933.39
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BACKGROUND:
On October 3, 2023, the Mayor and City Council awarded a contract for the Stone Street (Center - Hickory) Roadway Improvement Project - 2023, in the amount of $844,672.83 to PT Ferro Construction Co.
The Public Service Committee will review this matter.
CONCLUSION:
Change Order No. 1, a net decrease in the amount of ($54,149.90), is the result of the following items:
1. Deduction of 1” Water Service Line - Directional Drilling that was not required.
2. Reduction in the amount of 8” Ductile Iron Watermain required.
3. Balancing of final quantities.
Funds will be charged to the Motor Fuel Tax Fund / Roadway Reconstruction Stone (Org 20090270, Object 557200, Project 23025, $22,382.33), and the Property Owner Improvement Fund (Org 10090000, Object 524300, Project 23025 $955.00).
Funds will be reimbursed to the Water & Sewer Improvement Fund / Water (Org 50180012, Object 557200, Project 23025 ($66,737.23)) and the Water & Sewer Improvement Fund / Sewer (Org 50180020, Object 557200, Project 23025 ($10,750.00).
Also included is Payment Estimate No. 3 and Final in the amount of $42,933.39, on behalf of PT Ferro Construction Co.
RECOMMENDATION:
recommendation
Based on the above, it is recommended that the Mayor and City Council take the following actions:
1. Approve Change Order No. 1, a net decrease in the amount of ($54,149.90), for the Stone Street (Center - Hickory) Roadway Improvement Project.
2. Approve Payment Estimate No. 3 and Final in the amount of $42,933.39, on behalf of PT Ferro Construction Co.
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