4.3. SR 09-04-2012 - Laserfiche WebLink

Home Browse Search

Elk REQUEST FOR ACTION River TO ITEM NUMBER Mayor and City Council 4.3 AGENDA SECTION MEETING DATE PREPARED BY Consent September 4, 2012 Justin Femrite, City Engineer ITEM DESCRIPTION REVIEWED By 2011 Street Improvement Final Pay Estimate Tim Simon, Finance Director REVIEWED BY Cal Portner, City Administrator ACTION REQUESTED The City Council is asked to approve the attached final pay estimate and begin the warranty period for the 2011 Street Improvement Project. BACKGROUND/DISCUSSION Itemized below is the final payment for the 2011 Street Improvement Project. I have reviewed this pay estimate and find it to be accurate and in accordance with the contract documents. The contractor has also submitted all final lien waivers and the consent of surety. Staff recommends the approval of the attached pay estimate and start of the two-year warranty period for the project. Prior to the warranty expiring, staff will review the entire project and have any deficient items corrected. FINANCIAL IMPACT PROJECT PAY EST.# CONTRACTOR AMOUNT 2011 Street Improvements Project Final Redstone Construction $166,671.57 The final construction cost for the project is $1,373,410.26. This is $57,685.46 below the bid for the project. Engineering costs for the project increased slightly due to some project scope increases at the beginning of the project,but even with this small increase, the overhead expenses have come in below the initial estimate as well. The total project was estimated to cost$1,655,976. The project was delivered at a cost of$1,540,730.10 or $115,245.90 below budget. ATTACHMENTS ■ Pay estimate as referenced above Action Motion by Second by Vote Follow Up p0WIeEU 0 IN"MURE]