Title
Community Development Agency, Transportation Division, recommending the Board consider the following:
1) Approve and authorize the Chair to sign the Notice of Acceptance with JD Pasquetti Engineering, Inc. for Francisco Drive Right-Turn Pocket Project, Contract No. PW 14-31068, CIP No. 71358, P&C No. 096-C1599; and
2) Approve and authorize the Clerk of the Board to release the Payment and Performance Bonds to the Surety upon notification from the Community Development Agency, Transportation Division, after the one-year guarantee period.
FUNDING: Congestion Mitigation and Air Quality Program, Urban Regional Surface Transportation Program and Transportation Enhancement Activities. (Federal Funds)
Body
DEPARTMENT RECOMMENDATION
Community Development Agency, Transportation Division (Transportation), recommending the Board consider the following:
1) Approve and authorize the Chair to sign the Notice of Acceptance with JD Pasquetti Engineering, Inc. for Francisco Drive Right-Turn Pocket Project, Contract No. PW 14-31068, CIP No. 71358, P&C No. 096-C1599; and
2) Approve and authorize the Clerk of the Board to release the Payment and Performance Bonds to the Surety upon notification from the Community Development Agency, Transportation Division, after the one-year guarantee period.
DISCUSSION / BACKGROUND
The contract for the Francisco Drive Right-Turn Pocket Project (Project) was approved by the Board on November 13, 2014, item number 3. Construction was substantially completed on May 12, 2015. 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.
Direct Construction Cost Summary:
Original Bid Price $ 507,777.00
Contract Item Cost $ 466,448.00
Contract Change Order Cost $ 117,584.00*
Total Direct Construction Cost $ 584,032.00
Direct Cons...
Click here for full text