TO: Mayor and City Council
FROM: Beth Beatty, City Manager
SUBJECT:
title
Change Order No. 1 for the Richmond Street (Fairlane Drive - Sunset Strip) Roadway Improvement Project - 2024 MFT Section No. 24-00565-00-FP to PT Ferro Construction Co. in the Amount of ($36,433.27) and Payment Request No. 3 and Final in the Amount of $33,813.57
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BACKGROUND:
On June 18, 2024, the Mayor and City Council awarded a contract for the Richmond Street (Fairlane Drive - Sunset Strip) Roadway Improvement Project - 2024, in the amount of $540,786.10, 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 ($36,433.27), is the result of the following items:
1. Deduction of the quantity for Disconnection of Existing Water Service Line was not needed.
2. Reduction of Hot Mix Asphalt Binder Course utilized.
3. Balancing of final quantities.
Funds will be charged to the Property Owner Improvement Fund (Org 10090000, Object 524300, Project 24025, $360.00).
Funds will be reimbursed to Motor Fuel Tax Fund / Roadway Reconstruction Richmond (Org 20090270, Object 557200, Project 24025, ($36,793.27)).
Also included is Payment Estimate No. 3 and Final, in the amount of $33,813.57, 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 ($36,433.27), for the Richmond Street (Fairlane Drive - Sunset Strip) Roadway Improvement Project - 2024.
2. Approve Payment Estimate No. 3 and Final in the amount of $33,813.57, on behalf of PT Ferro Construction Co.
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