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INDIAN RIVER COUNTY, FLORIDA <br />DEPARTMENT OF UTILITY SERVICES <br />Date: February 13, 2015 <br />To: Joseph A. Baird, County Administrator <br />From: Vincent Burke, P.E., Director of Utility Services ($ <br />Prepared By: Arjuna Weragoda, P.E., Capital Projects Manager AW <br />Subject: Release of Retainage to Florida Design Drilling Corporation, for South <br />County RO Facility Storage & Piping Tank Modifications —Bid No.: 2014031 <br />DESCRIPTIONS AND CONDITIONS: <br />On May 6th, 2014, the Board of County Commissioners (BCC) awarded Bid No. 2014031 in the <br />amount of $142,765.00 to Florida Design Drilling Corporation. The bid award was to construct <br />an interconnecting operating system project between the South and North RO plants. <br />ANALYSIS: <br />Florida Design Drilling Corporation has completed the interconnecting project satisfactorily, on time <br />and under budget and is requesting a final release of retainage. To date, Florida Design Drilling <br />Corporation has been paid $127,986.94. Payment in the amount of $6,736.16 as release of <br />retainage will complete the County's obligation to the contractor. The project came in $8,041.90 <br />under budget. <br />FUNDING: <br />Funds for this project are derived from the Renewal and Replacement (R&R) budget in the <br />operating fund. Operating funds are generated from water and sewer sales. <br />Description <br />Account Number <br />Amount <br />Retainage -Florida Design Drilling <br />Corp. <br />471-206000-13507 <br />$6,736.16 <br />41 <br />