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INDIAN RIVER COUNTY, FLORIDA <br />MEMORANDUM <br />TO: Jason E. Brown, County Administrator <br />THROUGH: Richard B. Szpyrka P.E., Public Works Director <br />FROM: James W. Ennis P.E., PMP, County Engineer <br />SUBJECT: Release of Retainage and Change Order No. 1 for CR512 Westbound Resurfacing <br />(Roseland Road to US 1) and CR512 Eastbound Resurfacing (Easy Street to US 1) <br />IRC -1139 <br />DATE: September 5, 2018 <br />DESCRIPTION AND CONDITIONS <br />On April 4, 2017, the Board of County Commissioners awarded Bid No. 2017034 to Timothy Rose <br />Contracting, Inc. in the .amount of $3,491,545.38 for the resurfacing of CR512 which included the dual <br />westbound lanes from Roseland Road to US -1 of CR512 and the eastbound lanes from Easy Street to US -1. <br />Change Order No. 1 is to make final adjustments to contract bid items for a decrease to the total contract <br />price by $128,301.36 for a final cost of $3,363,244.02 and make final contract time adjustments. <br />Timothy Rose Contracting, Inc. has completed the project and has been paid $3,195,081.82 with <br />$168,162.20 held in retainage. Timothy Rose Contracting, Inc. has submitted Application for Payment No. 8 <br />for release of retainage in the amount of $168,162.20. <br />FUNDING <br />Funding is budgeted and available in Secondary Roads/FDOT SCOP Grant/CR512 Resurfacing (Easy <br />Street/US-1/Roseland Road)/Retainage, Account No. 109-206000-16010 in the amount of $168,162.20. <br />RECOMMENDATION <br />Staff recommends approval of Change Order No. 1 and payment of Application for Payment. No. 8 to <br />Timothy Rose Contracting, Inc. in the amount of $168,162.20 for release of retainage. <br />ATTACHMENTS <br />1. Timothy Rose Contracting, Inc. Application for Payment No. 8 <br />2. Change Order No. 1 <br />APPROVED AGENDA ITEM FOR SEPTEMBER 18, 2018 <br />40 <br />C:\Users\legistar\AppData\Local\Temp\BCLTechnologies\easyPDF 8\@BCL@F40D34F6\@BCL@F40D34F6.doc <br />8,-E. <br />