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Kwasi Badu-Tweneboah <br /> From : Kwasi Badu -Tweneboah <br /> Sent : Friday, October 09, 2009 3 : 14 PM <br /> To : hmehta@ircgov . com ; vlemons@ircgov . com <br /> Cc : ' Perez, Deborah ' <br /> Subject : IRC Borrow Pond Construction Job - Payment Application Nos . 4 and 5 <br /> Attachments : IRC Borrow Pond Applic #4 and #5_20091009024628 . pdf <br /> Himanshu and Valerie, <br /> Geosyntec Consultants has reviewed the borrow pond payment application Nos . 4 and 5 submitted by Waste <br /> Management ( WM ) , dated September 30, 2009 , for work performed on the borrow pond development project from <br /> 8/ 1/2009-8/31/2009 and 9/ 1/2009 - 9/30/ 2009, respectively . Attached are the cover letter and payment request <br /> information . Payment Application #4 was reviewed and approved for payment by Geosyntec on 10/8/2009 and is <br /> included herein for completeness . <br /> For Payment Application No . 5 , WM is requesting payment of $ 54, 219 . 72 for actual work completed on the project and <br /> also for the release of retainage in the amount of $ 22,468 . 88 . Geosyntec is in agreement for the items submitted for <br /> payment which are in accordance with the Bid Form for the borrow pond construction project . Also, since the <br /> contractor has completed its work under the borrow pond project, Geosynetc is in agreement for release of the <br /> retainage amount of $22 , 468 . 88 . <br /> Therefore, Geosyntec recommends payment for the invoice amount of $ 76, 688 . 60 under Payment Application No . 5 . <br /> Please note that the original contract amount for the borrow pond project was $ 249, 053 . 77 plus a 20% contingency <br /> amount of $49 , 810 . 75 bring the total project budget to $ $ 298, 864 . 52 . The total amount invoiced by the contractor, <br /> including approved Change Order Nos . 1 through 6, is $ 278, 908 . 50 . Therefore, the borrow pond project was completed <br /> under budget with a remaining balance of $ 19, 956 . 02 . Payment of these invoices would officially close the project . <br /> Please let me know if you have any questions on the above or required additional information . <br /> Regards, <br /> Kwasi <br /> Kwasi Badu-Tweneboah , Ph . D . , P . E . <br /> Associate <br /> Geosyntec Consultants <br /> 1200 Riverplace Blvd . , Suite 710 <br /> Jacksonville, FL 32207 <br /> Tel : ( 904 ) 858- 1818 <br /> Fax : ( 904 ) 396 - 1143 <br /> Cell : ( 904 ) 424- 6975 <br /> E - mail : kbadu -tweneboah@geosyntec . com <br /> www . geosVntec . com <br /> 1 <br />