Title
Department of Transportation recommending the Board consider the following:
1) Approve and authorize the Chair to sign the Notice of Acceptance with St. Francis Electric for the US 50/ Bass Lake Road East Bound Off-Ramp Signalization Project, Capital Improvement Program project number 36104030, Contract 4471; 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: Highway 50 Traffic Impact Fees (100%). (Local Funds)
Body
DISCUSSION / BACKGROUND
The Board approved the contract for the US 50/ Bass Lake Road East Bound Off-Ramp Signalization Project on June 08, 2021 (Legistar 21-0788, Item 36), the Notice to Proceed was issued on November 9, 2021, and the signals were activated on May 24, 2022. 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 $567,000
Contract Item Cost $572,596
Contract Change Order Cost $15,935
Total Direct Construction Cost $588,531
Direct Construction Budget $680,400
Contract Change Orders on the Project include installation of additional conduit and conductor wire per Caltrans request.
The final costs listed are estimates. Transportation staff 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 ...
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