3.2. SR 03-19-2007 - Laserfiche WebLink

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Schedule 3 ,Street Item 32 Schedule 3, Street Item 35 Extra work for Northdale Common excavation Sub$'ade preparation Adiust hydrants TOTAL 4,300 c.Y. @ $5/C.Y. - $21,500 30 Rd Sta (IV, $62/Rd Sta - $1,860 $855 $24,215 Therefore, the City still has a total due for work performed on this projecrwhen Universal had the contract of ($42,138.08, plus $24,215.00) $66,353.08. C. Hardrives, Inc. Invoice (1.) The amount due from owner shown as $73,782.05 is new work performed. This column indicates the pay per item based on the Universal Enterprises contract amount. Therefore, the City is in agreement that they should pay $73,782.05 for this work. (2.) Amount due from CNA of $29,130.75 is due to increased unit cost from the Universal Enterprises' contract amount for Hardrives to complete the work. The City will pay this amount out of the retainage previously discussed of Universal Enterprises. (3.) The open items of $12,385.26 are a combination of items that should be paid from retainage and new work. The items we believe should be paid from retainage are Item No. 28 - Adjust gate valves for $1,350, Item No. 31, Adjust drainage structure for $1,900, and Item No. 71- In place density and air voids for $1,350. These all represent original bid items from the Universal Enterprises contract which Hardrives has asked for increased money per unit to complete. The total of these three items is $4,600. Therefore, the new work total of this column is ($12,385.26 minus $4,600.00) $7,785.26. (4.) The City proposes to make a full payment to Hardrives, Inc. in the amount of $115,298.06. This would be paid as a combination of new work and from the Universal Enterprises retainage. The breakdown of these two payment items described above is summarized as follows: New work - $73,782.05 from amount due from owner column of Hardrives invoice, and $7,785.26 of the amount due under Open Items from the Hardrives invoice, for a total of $81,567.31. To be paid from retainage, $29,130.75 from the amount due from CNA column of the Hardrives invoice, and $4,600, which is a portion of the Open Items amount due from the Hardrives invoice for a total of $33,730.75. The City would then release to CNA the amount of $32,622.33. This is the total amount that the City is holding from Universal Enterprises' retainage plus work completed but not paid under Universal Enterprises' contract of C:\Documents and Settings\tm.aurer\Desktop\02 26 07 lrr Mrnz CNA.doc .