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BOOK 93 FtIGE 347 <br />I.R. BOULEVARD PHASE IV, CHANGE ORDER NO. 3 <br />The Board reviewed a Memorandum of September 14, 1994: <br />TO: James Chandler <br />County Administrator <br />TMMGH: James W. Davis, P.E. <br />Public Works Director <br />FRO![: Terry B. Thompson, P.E. .I DATZ: September 14, 1994 <br />Capital Projects Manager <br />StTBJECT: Indian River Boulevard Phase IV <br />Change Order No. 3 and Final Payment <br />DESCRIPTTON AND CONDITIONS <br />As-Builts for Indian River Boulevard Phase IV are now complete and.. <br />t final " quaditi�ies have. been computed. Attached is Change. Order �No i, . <br />3 and the Final Application for Payment. <br />Change Order No. 3 includes increases in the amount of $87,778.60 <br />and deducts in the amount of $551,328.60 that adjust contract <br />quantities to the actual quantities of work performed.. The total <br />net change in the contract price for this Change Order is an <br />increase in the amount of $32,450.00. The new contract amount of <br />$3,582,611.77 is 1.9 million below the estimated budget and <br />$317,315.16 below the bid amount submitted by the second lowest <br />bidder on the original bid. <br />Staff recommends the following actions be taken: <br />1. Approve Change order No. 3 in the amount of $32,450.00 <br />for a new contract amount of $3,582,611.77. <br />2. Release final payment including the A retainage. <br />(Retainage was reduced from 10$ to 2% on July 19, 1994. <br />Funding is from Account No. 309-215-541-066.51. <br />ON MOTION by Commissioner Adams, SECONDED by <br />Commissioner Eggert, the Board unanimously approved <br />Change Order No. 3 with Dickerson Florida, Inc. for <br />Indian River Boulevard Phase IV in the amount of <br />$32,450 and released final payment including the 2% <br />retainage, as recommended by staff. <br />CHANGE ORDER NUMBER 3 IS ON FILE IN THE OFFICE <br />OF THE CLERK TO THE BOARD <br />September 20, 1994 56 <br />