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- 8 . d <br /> INDIAN RIVER COUNTY <br /> Change Order No . 3 <br /> PROJECT : SECTOR 3 BEACH AND DUNE RESTORATION <br /> CONTRACTOR : RANGER CONSTRUC 'T'ION INDUSTRIES , INC . <br /> 4510 GLADES CUT-OFF ROAD <br /> FT . PIERCE , FL 34921 <br /> Ranger Construction Industries , Inc . (Ranger) has submitted a. proposal (attached ) requesting a <br /> prepayment of $ 7 . 50/cubic yard for stockpiled sand at the Ranch Road mine and $ 6 . 1. 6/cubic <br /> yard for stockpiled sand at the Fischer mine . Under the current contract with Ranger, the total <br /> price to process , haul , place and grade the sand is $ 15 . 66 per cubic yard . Below are Ranger ' s <br /> calculations supporting prepayment prices : <br /> a Ranch Road mine @ $ 6/ton x conversion ratio of 1 . 25 tons/cubic yard; <br /> $ 6/ton x 1 . 25 = $ 7 . 50/cubic yard. <br /> o Prepayment for this stockpiled sand represents approximately 48 % of the <br /> total contracted price of $ 15 . 66 <br /> ® Fischer mine @ $4 . 93 /ton x conversion ratio of 1 . 25 tons/cubic yard; <br /> $4 . 93 /ton x 1 . 25 = $ 6 . 16/cubic yard . <br /> o Prepayment for this stockpiled sand represents approximately 39 % of the <br /> total contracted price of $ 15 . 66 <br /> Based on the September 14, 2010 survey, the estimated sand volume required to complete the <br /> Project is 29 ,460 cubic yards for the Phase 1 fill area and 240 , 862 cubic yards for the Phase 2 fill <br /> area . <br /> Phase 1 <br /> Ranger ' s total requested prepayment to stockpile Phase 1 (Ranch Road mine) sand is $ 220, 950 <br /> (29 ,460 cubic yards x $ 7 . 50/cubic yard) . <br /> Prepayment Not-To -Exceed Total Phase 1 = $ 220 , 950 <br /> Phase 2 <br /> Ranger ' s total requested prepayment to stockpile Phase 2 (Ranch Road mine) sand is $ 975 , 000 <br /> ( 130, 000 cubic yards x $ 7 . 50/cubic yard) . <br /> Ranger ' s total requested prepayment to stockpile Phase 2 (Fischer mine) sand is $ 431 , 200 <br /> (70 ,000 cubic yards x $ 6 . 1. 6/cubic yard) . <br /> Prepayment Not-To -Exceed Total Phase 2 = $ 1 ,406 , 200 <br /> F:Pnyfle 11 orbUnnu•rG^S•ttur IiClumgr Onlrr^fnnlUlungmClrnnye OrAar p3 FL\dL I LY-!rl Jue <br />