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7. L. FOREST LAKE SUBDIVISION - WATER ASSESSMENT PROJECT - CHANGE <br />ORDER #1 AND REQUEST FOR FINAL PAYMENT - TREASURE COAST <br />CONTRACTING <br />The Board reviewed a Memorandum of March 20, 2002: <br />DALE: MARCH 20, 2002 <br />TO: JAMES E. CHANDLER, COUNTYADMINISTRATQ <br />FROM: ERIK W. OLSON <br />DIRECTOR OF LTILITY SERVI <br />PREPARED AARON J BOWLES, P.E. <br />AND STAFFED ENVIRONMENTAL ENGINEER <br />BY: DEPARTMENT OF UTILITY SERVICES <br />S OBJECT: <br />FOREST LAKE SUBDIVISION WATER ASSESSMENT PROJECT <br />W[P NO. 473-169-501.00 / BID NO. 3032 <br />LhDIAN RIVER COUNTY U.C.P.# 924 <br />APPROVAL OF CHANGE ORDER NO. I & REQUEST FOR FINAL P AYNLENT, <br />BACKGROUND: <br />On September 18, 2001 the Board of County Commissioners awarded Bid No. 3082 to Treasure Coast <br />Contracting (see attached agenda item and minutes -Attachment -A) in the amount of $173,435.07 to provide <br />water service and fire protection t� the above referenced project. The project is now complete and the <br />Department of Environmental Protection has issued clearance to begin connecting customers. The Department <br />of Utility Services is now prepared to make final payment to the Contractor. <br />ANALYSIS: <br />The Contractor was previously paid $130,922.60 for 75.5% of the original constriction cost. The bid <br />quantities used during the bidding process are based on estimated quantities. Change Order No. 1 adjusts the <br />estimated bid quantities based on actual quantities installed. Change Order no. 1 results in a net reduction of <br />$2,355.52. Change Order No 1 is presented as Attachment -B. <br />The change order reduction ($2,355.52) results in a 1.6% decrease to the originally approved contract and <br />adjusts the final contract amount to $170,579.55. Utilities staff is now requesting final payment to Treasure <br />Coast Contracting Inc in the amount of $39,636.95 including all retainage held. <br />RECOMMENDATION: <br />The staff of the Department of Utility Services recommends that the Board of County Commissioners <br />approve Final Payment including all retainage held, inclusive of Change Order No. 1, in the total amount of <br />$39,636.95 to Treasure Coast Contracting Inc. and authorize Chairman to execute the same as presented in <br />Attachment B. <br />APRIL 2, 2002 <br />-39- <br />i2 <br />• <br />