Board Policy CV (Local):  Facilities Construction provides: “The District shall not make final payments for construction or the supervision of construction until the work has been completed and the Board has accepted the work.” The District maintains retainage in an amount of at least five percent (5%) of the contract value until final payment is made. Administration is providing the Board documentation to the effect that the conditions for Final Acceptance and Final Payment set out in the contract have been satisfied and there are no prevailing wage rate violations.  The original project construction budget was established at $342,700.00, with the actual construction cost of $297,739.85 being $44,960.15, less than the project allocation.

 

The Board approved the original contract on December 13, 2022, for $314,387.68.  The following change order was approved resulting in the final contract amount of $297,739.85.

•  Change Order No. 1 – Credit for breezeway concrete pad and structural foam installation below kitchen area, two additional louvers with metal frame for a total credit of ($16,647.83), and a time extension of 29 calendar days.

 

Project No.	Project Name	Contractor	Final Contract Amount	Final Payment
22.691B	Lamar ES Structural Remediation Phase 2	Keystone GC, LLC	$297,739.85	$14,886.99