CITY MANAGER AUTHORITY PROCUREMENT AWARDS
ACTION REQUESTED:
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Approve the award of Change Order #3 to Contract 21-001, 2021 Street Resurfacing Program - MFT, to K-Five Construction Corporation to reduce the contract amount by $319,609.02 for a total amount not to exceed $3,429,905.08
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DEPARTMENT: Transportation, Engineering and Development
SUBMITTED BY: William J. Novack
BACKGROUND:
The City Council awarded Contract 21-001 to K-Five Construction Corporation on April 20, 2021, with a completion date of July 16, 2021. The purpose of this contract is to resurface various City streets as part of the annual street maintenance program.
The Chief Procurement Officer awarded Change Order #1 for an amount of $10,000 on July 9, 2021. Change Order #2 was approved by the Chief Procurement Officer on July 26, 2021 to extend the contract for an additional 7 days.
DISCUSSION:
This contractor has completed all the work required within the contract. This is a final balancing change order which includes changes in previously approved authorizations. It compares the original awarded quantities and costs with the as-built quantities as measured in the field and accounts for all changes in quantity and cost for each pay item and the overall contract value. The total net amount of all change orders including this final balancing change order decreases the original amount by $319,609.02 and by 0 days. A detailed explanation of the justification for each pay item is attached.
Contract Award
Original Contract Value
$3,739,514.10
Prior Cumulative Approved Change Orders
$10,000.00
Subtotal
$3,749,514.10
(+/-) This Change Order
($319,609.02)
Total Contract Value
$3,429,905.08
Contingency
Authorized Contingency
Days
Dollars
Original Amount
$186,975.71
(-) Previously Authorized
$10,000.00
Subtotal
$176,975.71
(-) This Change
$0
Balance Left
$176,975.71
FISCAL IMPACT:
CIP #:MP009
The change order reduces the contract amount by $319,609.02 for a total amount not to e...
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