4.3. SR 09-04-2012 Elk REQUEST FOR ACTION
River
TO ITEM NUMBER
Mayor and City Council 4.3
AGENDA SECTION MEETING DATE PREPARED BY
Consent September 4, 2012 Justin Femrite, City Engineer
ITEM DESCRIPTION REVIEWED By
2011 Street Improvement Final Pay Estimate Tim Simon, Finance Director
REVIEWED BY
Cal Portner, City Administrator
ACTION REQUESTED
The City Council is asked to approve the attached final pay estimate and begin the warranty period for
the 2011 Street Improvement Project.
BACKGROUND/DISCUSSION
Itemized below is the final payment for the 2011 Street Improvement Project. I have reviewed this pay
estimate and find it to be accurate and in accordance with the contract documents. The contractor has
also submitted all final lien waivers and the consent of surety. Staff recommends the approval of the
attached pay estimate and start of the two-year warranty period for the project. Prior to the warranty
expiring, staff will review the entire project and have any deficient items corrected.
FINANCIAL IMPACT
PROJECT PAY EST.# CONTRACTOR AMOUNT
2011 Street Improvements Project Final Redstone Construction $166,671.57
The final construction cost for the project is $1,373,410.26. This is $57,685.46 below the bid for the
project. Engineering costs for the project increased slightly due to some project scope increases at the
beginning of the project,but even with this small increase, the overhead expenses have come in below the
initial estimate as well. The total project was estimated to cost$1,655,976. The project was delivered at a
cost of$1,540,730.10 or $115,245.90 below budget.
ATTACHMENTS
■ Pay estimate as referenced above
Action Motion by Second by Vote
Follow Up
p0WIeEU 0
IN"MURE]
CONTRACTOR'S PAY REQUEST CONTRACTOR
2011 STREET IMPROVEMENTS OWNER
CITY OF ELK RIVER ENGINEER
BMI PROJECT NO. R13.103354
TOTAL,COMPLETED WORK TO DATE....................................................................................... $ 1,373,410.26
TOTAL,STORED MATERIALS TO DATE..................................................................................... $0.00
DEDUCTION FOR STORED MATERIALS USED IN WORK COMPLETED..................................... $0.00
TOTAL, COMPLETED WORK&STORED MATERIALS............................................................... $ 1,373,410.26
RETAINED PERCENTAGE( 0.0% )...................................................................................... $ -
TOTAL AMOUNT OF OTHER PAYMENTS OR(DEDUCTIONS).............................................. $
NET AMOUNT DUE TO CONTRACTOR TO DATE....................................................................... $ 1,373,410.26
TOTAL AMOUNT PAID ON PREVIOUS ESTIMATES.................................................................. $ 1,206,738.69
PAY CONTRACTOR AS ESTIMATE NO. FINAL ......................................I...... $ 166,671.57
Certificate for Final Payment
I hereby certify that,to the best of my knowledge and belief, all items quantities and prices
of work and material shown on this Estimate are correct and that all work has been
performed in full accordance with the terms and conditions of the Contract for this project
between the Owner and the undersigned Contractor,and as amended by any
authorized changes,and that the foregoing is a true and correct statement of the amount
for the Final Estimate,that the provisions of M.S.290.92 have been complied with and that
all claims against me by reason of the Contract have been paid or satisfactorily secured.
Contractor: Redstone Construction
P.O. Box 218
Mora,MN 55051 I, /�
By Y► A e 1 U ,�f Q� 12-
Name Title Date
CHECKED AND APPROVED AS TO QUANTITIES AND AMOUNT:
BOLTON&MK, INC.,ENGINEERS,7533 S ood Drive,Suite 206 Ramsey, MN 55303
By CITY ENGINEER 1
Justin emrite, P.E. Title Date
APPROVED FOR PAYMENT:
Owner: Elk River, Minnesota
By
Title Date