TO: Mayor and City Council
FROM: Greg Ruddy, Director of Public Works
SUBJECT:
title
Change Order No. 3 for the Broadway Street (West Marion Street - West Jefferson Street) Roadway Reconstruction Project - MFT Section No. 23-00557-00-FP to PT Ferro Construction Co. for a Decrease in the Amount of ($17,226.37) and Payment Estimate No. 6 and Final in the Amount of $53,479.75
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BACKGROUND:
On Tuesday, February 6, 2024, the Mayor and City Council awarded the Broadway Street (West Marion Street - West Jefferson Street) Roadway Reconstruction Project - MFT Section No. 23-00557-00-FP, in the amount of $1,247,095.87, to PT Ferro Construction Co. Subsequently, Change Orders No. 1 and 2 were approved by the Mayor and City Council.
The Public Service Committee will review this matter.
CONCLUSION:
This project has been completed, inspected, and accepted by the City. Change Order No. 3, a net reduction in the amount ($17,226.37) is the result of the following:
1. Encountering less unsuitable material than anticipated.
2. Replacing public sidewalk due to water main installation.
Funds are available using Water & Sewer funds / Watermain replacement (Org 50180012, Object 557200, $29,472.00) and Property Owner Improvement Funds (Org 10090000, Object 524300, $1,615.00).
Change Order No. 3 reflects a reduction in contribution from the MFT Fund (Org 20090270, Object 557200, ($48,163.37)) and the Special Service Area Fund (Org 23020240, Object 557200, ($150.00)).
Also, included is Payment Estimate No. 6 and Final, in the amount of $53,479.75, 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. 3, a net deduction in the amount of ($17,226.37).
2. Approve Payment Estimate No. 6 and Final in the amount of $53,479.75 on behalf of PT Ferro Construction Co.
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