Title
Transportation recommending the Board consider the following:
1) Authorize the Chair to sign the Notice of Acceptance with A. Teichert and Son, Inc. dba Teichert Construction for the Green Valley Road at Tennessee Creek - Bridge Replacement Project, CIP No. 77109; 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.
FUNDING: Highway Bridge Program grant funds, Highway Safety Improvement Program grant funds, Transportation and Community and System Preservation Program funds, El Dorado Irrigation District funds, 2004 General Plan Traffic Impact Mitigation Fees and Regional Surface Transportation Program funds.
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Reason for Recommendation
The Contract for the Green Valley Road at Tennessee Creek - Bridge Replacement Project (Project) was awarded by the Board to A. Teichert & Son, Inc. dba Teichert Construction on March 15, 2011. Construction started on June 1, 2011. Construction was completed on March 15, 2013. Board execution and subsequent recordation of the Notice of Acceptance will allow Transportation to issue the proposed final estimate to the Surety, which begins the Project closeout. Recordation of the Notice of Acceptance will start legal time frames for guarantees, a lien period and return of retention monies. Recordation of the Notice of Acceptance will start 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 adopted 2012 Capital Improvement Program, was $3,233,000. The total direct construction costs of the Project is listed below:
Original Bid Price…………………………………………... $ 2,705,553.90
Estimated Construction Contract Item Cost…………… $ 2,677,000.00
Estimated Contract Change Orders……………………… $ 247,800.00
Estimated Final Cost of Construction Contract……. $ 2,924,800.00
The final direct construction co...
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