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HomeMy WebLinkAboutItem 06.l Date: September 18, 2017 Item No. ACCEPTANCE OF IMPROVEMENTS AND FINAL PAYMENT TO S.M. HENTGES & SONS, INC. FOR CITY IMPROVEMENT PROJECT 15-02 Proposed Action Staff recommends adoption of the following motion: Move to accept improvement and approve final payment to S.M. Hentges & Sons, Inc. for City Improvement Project 15-02. Overview S.M. Hentges & Sons, Inc. is requesting final acceptance and final payment of Final Pay Voucher No. 18 in the amount of $107,778.60 for the 2015 Street Reconstruction Project Contract 1, City Improvement Project 15-02. Attached is a summary of costs and change orders associated with the project. The original contract amount was $9,893,112.06. The final contract amount is $9,537,152.13. Cost reductions to the original contract amount are the result of unused quantities and services. All necessary paperwork, including lien waivers, the IC-134’s and Consent of Surety to Final Payment have been submitted. Staff recommends acceptance and approval of the final pay estimate. Primary Issues to Consider • Was all work satisfactorily completed? All work was satisfactorily completed and the contractor has met the administrative requirements for final payment. Supporting Information • A copy of the final pay voucher and cost summary is attached. Financial Impact: $107,778.60 Budgeted: Yes Source: 429 Bonds & Spec. Assess. Related Documents (CIP, ERP, etc.): CIP Community Values: Good Value for Public Services Completed By: Chris Petree, Public Works Director