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4.3A SR 08-19-2013 �i of c ty k �� Request for Action R1Ver To Item Number Mayor and City Council 4.3A Agenda Section Meeting Date Prepared by Consent August 19, 2013 Justin Femrite, P.E., City Engineer Item Description Reviewed by 2013 Street Improvement Project, Pay Estimate 2 Cal Portner, City Administrator Reviewed by Action Requested Approve by motion, the pay estimate as described below. Background/Discussion Listed below is a pay estimate that has been submitted for approval. I have reviewed this pay estimate and find it accurate and in accordance with the contract documents. Staff is recommending paying the amount listed below. This amount is $50,000 less than the signed estimate. This money is being withheld until a pending insurance claim for property damage as a result of construction is settled. Financial Impact PROJECT PAY EST. # CONTRACTOR AMOUNT 2013 Street Improvements 2 Hardrives,Inc. $528,365.70 Attachments ■ Pay Estimate 2 POWERED a N:APublic Bodies\Agenda Packets\08-19-2013\x4.3a sr£dotx [NA T-- UR Owner- City of Elk it Date: 81512013 13065 Orono Pkwy Elk River, MN 55330-0490 WSB For Period: 612912013 to 81512013 Request No.: 2 Contractor: Hardrives, Inc. (Rogers) A4111100MM 14475 Quirarn Drive &- Assm'-hitc-W _1c, Rogers, MN 56374 Pay Voucher ELKRI -2013 Street Reconstruction Client Contract No.: Project No.: 01992-01 Client Project No,: EEO 1 7(5ri9i l Contract Ann�ut --- $3,248,884 16 2 Contract Changes-Addition $0,00 3 Contract Changes-Deduction $0.00 4 Revised Contract Amount $3,248,884,16 5 Value Completed to Date $1,403,899,30 tA Material on Hand--- MOO 7 Amount Earned $1,403,899,30 8 Less Retainage 5% $70,194.97 9 Subtotal__ $1,333,704,33 10 t— ess Amount Paid Previously �755,338 6i 11 Liquidated Damages $0.00 12 AMOUNT DUE THIS PAY VOUCHER NO, 2 578,�65 70 THIS IS TO CERTIFY THAT THE ITEMS OF WORK SHOWN IN THIS CERTIFICATE OF PARTIAL PAYMENT HAVE BEEN ACTUALLY FINISHED FOR THE WORK COMPRISING 71"1-I E ABOVE MENTIONED PROJECTS IN ACCORDANCE WITH THE PLANS AND SPECIFICATIONS HERETOFORE APPROVED. /ZRI:ommend t d for Approval by: Q6n action Observer: ,J &Associates, Inc. ApIroved by Contractor. Approved by Owner. Hardrives, Inc Rogers) City of Elk River Specified Contract Completion Date: Date: 9/30/2013 Comment: