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.
Also included is Payment Estimate No. 3 and Final in the amount of $42,933.39, on behalf of PT Ferro Construction Co. Funds will be charged to the Motor Fuel Tax Fund / Roadway Reconstruction Stone (Org 20090270, Object 557200, Project 23025, $22,382.33), Property Owner Improvement Fund (Org 10090000, Object 524300, Project 23025 $955.00), and Sewer and Water Fund (Org 50180012, Object 557200, Project 23025 $1350.00 and Org 50180020, Object 557200, Project 23025 $1,350.00),.
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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