SUBJECT
title
Authorizing City Manager to approve final change order in the amount of a deduct of $189,675.50, release of retainage, final payment in the amount of $501,836.50, and final project acceptance of the Insituform Technologies, LLC work for the Downtown Sewer Rehabilitation Project. The revised final contract amount is $568,743.00. Funding is available in the Sewer System Fund- 2020A Sewer Revenue Bond.
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PREVIOUS COUNCIL ACTION
On January 17, 2023 council approved award of construction contract to Insituform Technologies, LLC of Chesterfield, Missouri for Downtown Sewer Rehabilitation Project in the amount of $758,418.50.
BACKGROUND
This is continuing work of the downtown sanitary sewer line rehabilitation and replacement projects for the City of Laredo. Infrastructure replacement or rehabilitation of aging pipelines.
COMMITTEE RECOMMENDATION
None
STAFF RECOMMENDATION
recommendation
Approval of motion.
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Fiscal Impact
Fiscal Year: 2024
Budgeted Y/N?: Y
Source of Funds: 2020A Sewer Rev. Bond
Account #: 559-9877-535-9301
Change Order: Exceeds 25% Y/N: N
FINANCIAL IMPACT:
Funding is available in the 2020A Sewer Revenue Bond account No 559-9877-535-9301.
Project ID: SW1820 Downtown Sewer Project.