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 Granite Construction Company, Inc., for the Salmon Falls Road South of Glenesk Lane Realignment Project, Contract PW 11-30597, CIP 73362, P&C 145-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: Highway Safety Improvement Program (45%) and Regional Surface Transportation Program Funds (55%). (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 Granite Construction Company, Inc., for the Salmon Falls Road South of Glenesk Lane Realignment Project (Project), Contract PW 11-30597, CIP 73362, P&C 145-C1599; and
2) Approve and authorize the Clerk of the Board to release the Payment and Performance Bonds to the Surety upon notification from Transportation after the one-year guarantee period.
DISCUSSION / BACKGROUND
The contract for the Project was approved by the Board on April 5, 2016 (Item 24). Construction was substantially completed on August 17, 2016. 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 also start the one-year guarantee period for releasing the Payment and Performance Bonds to the Surety.
Direct Construction Cost Summary:
Original Bid Price $ 941,515.99
Contract Item Cost $ 942,442.46
Contract Change Order Cost $ 56,394.49
Total Direct Construction Cost $ 998,836.95
Direct Construction Budget $ 1,082,744.00
Major Contract Change Orders on the Project dealt ...
Click here for full text