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Sector 3 Beach and Dune Restoration Project Page 3 of 4 <br /> Change Order No . 4 <br /> Adiusted price per cubic yard Not-To-Exceed <br /> Notwithstanding any language herein to the contrary, the maximum per cubic yard increase, as <br /> applied by this change order, shall not exceed $ 1 . 01 per cubic yard or a total maximum price to <br /> process , haul, place , and grade the sand at $ 16 . 67 per cubic yard. <br /> Based on the January, 2011 survey, the estimated sand volume required to complete Phase 2 is <br /> 261 , 077 cubic yards . Therefore based on the most recent survey, the maximum fuel adjustment <br /> payment to Ranger would be $ $ 263 , 687 . 77 ( $ 1 . 01 per cubic yard x 261 , 077 cubic yards) . <br /> By execution of this change order, Ranger confirms that the maximum per cubic yard price for <br /> all remaining sand in the Phase 2 area ( 261 , 077 cubic yards and any additional. amounts required <br /> to complete the Phase 2 area) is $ 15 . 66 , plus or minus the fuel adjustment , up to a maximum <br /> price of $ 16 . 67 ( $ 15 . 66 , plus the fuel adjustment not to exceed $ 1 . 01 ) . <br /> Retainage will not be withheld at the time of payment under this Change Order for fuel <br /> adjustments . However, retainage will be withheld from total payment for the work under the <br /> terms of the current contract . <br /> CURRENT CONTRACT PRICE $ 1. 05319 , 233 . 90 <br /> MAXIMUM NET CHANGE IN CONTRACT PRICE <br /> DUE TO THIS CHANGE ORDER $ $ 2633687 . 77 <br /> CONTRACT COMPLETION DATE 4/30/ 11 <br /> MAXIMUM CONTRACT PRICE INCLUDING <br /> THIS CHANGE ORDER $ 10, 582 , 920 <br />