Laserfiche WebLink
Ltr-080516-CC (Payment#11 - LC Road) .doc <br /> <br />10062 Flanders Court NE, Blaine, MN 55449 - Phone: (763) 780-0450 - Fax: (763) 780-0452 <br /> <br /> <br /> <br /> <br />August 5, 2016 <br />File No. 120156E-0071 <br /> <br />Honorable Mayor and City Council <br />City of Little Canada <br />515 Little Canada Road E. <br />Little Canada, MN 55117-1633 <br /> <br />RE: LITTLE CANADA ROAD IMPROVEMENTS PROJECT <br /> PARTIAL PAY ESTIMATE #11 <br /> <br />Dear Council Members: <br /> <br />Please find attached 3 copies of Partial Pay Estimate No. 11 for the above-referenced <br />project. As you are aware, the Contractor for the project is FPI Paving Contractors, Inc. <br />The total amount earned by the Contractor on this partial pay estimate is $1,290,624.42 <br />and previous payments of $1,226,093.20 have been made to date. <br /> <br />The City has been withholding 5% retainage on all work that has been completed to date <br />as is standard practice. The Contractor has completed nearly all punchlist items and <br />has asked for a reduction in the retainage being held. Based on the work that remains <br />we feel that the retainage for the project could be reduced to $10,000 for the project. <br />This amount is approximately three times the cost of completing the remaining punchlist <br />items. A final reconciliation of quantities and the release of the remaining retainage will <br />be completed when all punchlist items have been addressed. At this time we would <br />recommend approval of Partial Pay Estimate No. 11 in the amount of $54,531.22 which <br />releases retainage on the project down to $10,000.00. <br /> <br />If you have any questions regarding this issue please feel free to call. <br /> <br />Sincerely, <br /> <br />ELFERING & ASSOCIATES <br /> Lee Elfering, P.E. <br />City Engineer <br /> <br />cc: Bill Dircks, Public Works Director