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7. e CR-512 - PROJECT NO. 9611 - 145 TO ROSELAND ROAD - MASTELLER <br /> & MOLER REQUEST FOR PARTIAL RELEASE OFRETAINAGE <br /> The Board reviewed a Memorandum of August 9 , 2001 : <br /> TO : James Chandler. County Administrator <br /> CONSENT AGENDA <br /> THROUGH : James W . Davis . P . E . , Public Works Direct <br /> FROM : Christopher J . Kafer, Jr. , P . E . , County Engine <br /> SUBJECT : CR 512 — IRC Project No . 9611 , 1-95 to Rosel d Road <br /> REQUEST FOR PARTIAL RELEASE OF RETAINAGE <br /> DATE : August 9, 2001 <br /> DESCRIPTION AND CONDITIONS <br /> Indian River County entered into a Professional Engineering Services Agreement with Masteller & <br /> Moler. Inc . on January 21 , 1997 . The original compensation amount was $471 , 500 . 00 . Four (4 ) <br /> amendments to the agreement have been executed which changed the compensation amount to <br /> $ 696 . 518 . 00 <br /> The Design and Supplemental Services portion of the original Professional Engineering Services <br /> Agreement has been completed . The construction related services are still outstanding . <br /> The Consultant has been paid 100% of the Design and Supplemental Services with $42 .000 . 00 <br /> ( 10% ) retainage still held by the County. The Consultant is requesting a partial release of retainage <br /> in the amount of $ 21 . 000 . 00 ( which will leave the County with 5 % retainage ) . The Professional <br /> Engineering Services Agreement does not cover partial release of retainage . <br /> The remaining 5 % retainage will be adequate for any adjustments to the plans under the current <br /> scope of work . <br /> ALTERNATIVES AND ANALYSIS <br /> Alternative No . 1 - Approve the Consultant' s request for partial release of retainage in the amount of <br /> $ 21 . 000 . 00 . <br /> Alternative No . 2 - Deny the Consultant ' s request for partial release of retainage . <br /> AUGUST 21 , 2001 ! 16 <br /> - 25 - <br />