Title
Department of Transportation recommending the Board consider the following:
1) Approve and authorize the Chair to sign the Notice of Acceptance with Trinity River Construction, Inc., for the Silva Valley Parkway Class 1 and Class 2 Bike Lanes (Harvard to Green Valley Road) Project, CIP 72310/36105037, Contract 2749; and
2) Approve and authorize the Clerk of the Board to release the Payment and Performance Bonds to the Surety upon notification from the Department of Transportation, after the one-year guarantee period.
FUNDING: Congestion Mitigation and Air Quality Program (92%), Road Fund (2%), Regional Surface Transportation Program (RSTP) Federal Funds - Urban Surface Transportation Block Grant Program (STBGP) (2%), RSTP Exchange Funds (4%) (Federal, State and Local Funds).
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DISCUSSION / BACKGROUND
The contract for the Project was approved by the Board on June 12, 2018, (Item 25), construction began on August 13, 2018, and the bike path was opened to the public on November 21, 2018. Recordation of the Notice of Acceptance (NOA) will start legal time frames for guarantees, a lien period, and return of retention monies. Recordation of the NOA will also start the one-year time frame for releasing the Payment and Performance Bonds to the Surety.
Direct Construction Cost Summary:
Original Bid Price $ 1,811,141.00
Contract Item Cost $ 1,733,152.91
Contract Change Order Cost $ 7,625.00
Total Direct Construction Cost $ 1,740,417.97
Direct Construction Budget $ 1,901,698.00
Major Contract Change Orders on the Project dealt with traffic control and modifications to the storm drain system.
The final costs listed are estimates. Transportation will be closing out the Project with the Contractor and finalizing costs over the coming weeks. Any significant deviations from the estimates above that exceed Transportation’s allocated authority will be brought back to the Board for review and approval in a subsequent agenda item.
Soon after the ...
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