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Indian River County, Florida <br />MEMORANDUM <br />qM <br />Indian River County <br />Administration Complex <br />1801 27th Street <br />Vero Beach, Florida 32960 <br />indianriver.gov <br />File ID: 25-0457 Type: Consent Staff Report Meeting Date: 4/22/2025 <br />TO: Board of County Commissioners <br />THROUGH: John A. Titkanich, Jr., County Administrator <br />Nancy A. Bunt, Assistant County Administrator <br />Addie Javed, P.E., Public Works Director <br />Adam Heltemes, P.E., Roadway Production Manager <br />Richard Reichenbach, P.E., Project Engineer <br />FROM: Jill Williams, Contract Support Specialist <br />DATE: April 4, 2025 <br />SUBJECT: Release of Retainage and Change Order No. 2 <br />CR512 & N. Broadway Street Drainage Restoration (IRC -2006) <br />BACKGROUND <br />The drainage pipe and structures located within the C.R. 512 and N. Broadway Street right-of-way in the City <br />of Fellsmere were constructed in the 1950's and require restoration due to age, debris, storm events, etc. The <br />project includes surveying, dewatering, cleaning, and performing closed circuit television (CCTV) inspection <br />of 8,834 linear feet of drainage pipe and associated drainage structures. Bid No. 2024026 was awarded to <br />Southeast Services of the Treasure Coast, Inc. in the amount of $215,234.70 on May 21, 2024. Change Order <br />No. 1 in the amount of $211,108.00 to perform repairs on defects discovered during the cleaning and video <br />inspection of the pipes was approved on December 17, 2024, for a new contract total of $426,342.70. <br />ANALYSIS <br />Southeast Services of the Treasure Coast, Inc. has completed the work and has been paid $382,342.98 to date <br />with $20,123.32 held in retainage. Southeast Services of the Treasure Coast, Inc. has submitted Contractor's <br />Application for Payment No. 2006-11 for release of retainage in the amount of $20,123.32. Change Order No. 2 <br />is to make final adjustments to contract bid items for a decrease to the total contract by $23,876.40 resulting in <br />a final contract price of $402,466.30. <br />BUDGETARY IMPACT <br />Funding is available for release of retainage in the amount of $20,123.32 from the following account: <br />Account Description: Optional Sales Tax/CR512 & N Broadway/Retainage - Southeast Services of the <br />Treasure Coast, Inc. <br />Account Number: 315-206000-24002 <br />Amount: $20,123.32 <br />Indian River County, Florida Page 1 of 2 Printed on 4/16/2025 <br />powered by LegistarT 129 <br />