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______________________________________________________________________________ <br /> <br />Page 1 of 1 <br /> <br /> <br /> <br /> <br /> <br />UTILITIES COMMISSION MEETING <br /> <br />TO: <br />ERMU Commission <br />FROM: <br />Chris Kerzman – Engineering Manager <br />MEETING DATE: <br />August 10, 2021 <br />AGENDA ITEM NUMBER: <br />2.5 <br />SUBJECT: <br />Field Services Facility Expansion Project – Subcontractor Performance Bond Credit <br />ACTION REQUESTED: <br />Approve Change Order Number 2 for the Subcontractor Performance Bond Credit. <br /> <br />BACKGROUND: <br />ERMU staff and RJM Construction have had discussions on the subcontractor default insurance <br />policy, due to the default by the steel subcontractor for the Field Services Facility Expansion <br />project. Bidders included costs for both payment and performance bonds in their bids, but due <br />to RJM carrying an SDI policy the subcontractor performance bonds were not used. RJM <br />received pricing for deductions of the unused performance bond premium costs and submitted <br />this deduction as a credit to the guaranteed maximum price. RJM still carries a payment and <br />performance bond for the entire project. <br /> <br />DISCUSSION: <br />The attached change order documents the credit to the guaranteed maximum price for the <br />removal of unused subcontractor performance bonds. <br /> <br />ATTACHMENTS: <br />• Change Order Number 2 for Subcontractor Performance Bond Credit <br />39