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CITY COUNCIL AGENDA MEMO |
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| | | | | | | | | MEETING DATE: | 3/16/2021 | | DEPARTMENT: | Engineering-CIP | | DIRECTOR: | B. Caleb Thornhill, P.E., Director of Engineering | | AGENDA ITEM: | Approval of a decrease in the amount of $124,925 for New Traffic Signals, Project No. 7163 | | RECOMMENDED ACTION: | Approval of Change Order |
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| | | | | | | | ITEM SUMMARY To approve a decrease to the current awarded contract amount of $1,483,260 by $124,925, for a total contract amount of $1,358,335, for New Traffic Signals, Project No. 7163, from Durable Specialties, Inc. for the Engineering Department; and authorizing the City Manager to execute all necessary documents. (Contract No. 2019-0591-B; Change Order No. 1) Approved |
| | | | | | | | PREVIOUS ACTION/PRESENTATION On September 23, 2019, City Council approved RFB No. 2019-0591-B for New Traffic Signals, Project No. 7163 for the Engineering Department to Durable Specialties, Inc., in the amount of $1,483,260. |
| | | | | | | | BACKGROUND The Engineering Department recommends approval of Change Order No. 1 for the decrease in the construction contract with Durable Specialties, Inc. in the amount of $124,925 for New Traffic Signals, Project No. 7163.
Change Order No. 1 reconciles closeout of the project and returns unused project items either not necessary as determined in the field or overestimates of plan quantities.
If this change order is not approved, the City of Plano will not realize the monetary savings for project quantities that were not needed and not constructed as part of the project. |
| | | | | | | | FINANCIAL SUMMARY/STRATEGIC GOALS This item approves the first change order in the contract with Durable Specialties, Inc. for construction services for New Traffic Signals, Project No. 7163. The change order, reducing the current contract by $124,925, will leave a project balance of $1,211,526 for future expenditures in other projects in the Street Improvement CIP.
Approval of this item will support the City's Strategic Plan Critical Success Factors of being an Excellent, Innovative, and Accountable City Government. |
| ATTACHMENTS: | | Description | Upload Date | Type | | Location Map | 2/25/2021 | Map |
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