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Department of Transportation recommending the Board:
1) Authorize the Chair to sign the Notice of Acceptance with DeSilva Gates Construction, L.P. for the Silva Valley Parkway Widening South of Entrada Drive Project (CIP No. 72370) in El Dorado Hills; and
2) Authorize the Clerk of the Board to release the payment and performance bonds to the surety upon notification from the Department after the one-year guarantee period. (Refer 10/5/10, Item 24)
FUNDING: This Project was funded with State and Local Partnership Program Grant Funds and Blackstone Pre-Paid Account Funds. The requested Board action has no associated fiscal impact.
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Reason for Recommendation:
The Silva Valley Parkway Widening South of Entrada Drive Project (Project) in El Dorado Hills was awarded by the Board to DeSilva Gates Construction, L.P. (Contractor) on October 5, 2010. Construction started on June 6, 2011. Construction was completed on October 6, 2011. Board execution and subsequent recordation of the Notice of Acceptance will allow the Department of Transportation (Department) to issue the proposed final estimate to the Contractor, which begins the Project closeout phase. Recordation of the Notice of Acceptance will also start legal time frames for guarantees, a lien period, return of retention monies and the one-year time frame for releasing the payment and performance bonds to the surety.
The budget for direct construction costs for this Project, as reflected in the Department’s 2010 Capital Improvement Program, was $1,970,000.00.
The original low bid price of this Project was $567,567.00. The total estimated direct construction cost of this Project is as follows:
Estimated Construction Contract Item Cost $558,000.00
Estimated Contract Change Orders $ 76,000.00
Estimated Final Cost of Construction Contract $634,000.00
The final costs listed above are estimates. The Department will be closing out the Project with the Contractor and finalizing costs over the comin...
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