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HomeMy WebLinkAbout08 - Inwood Water Tower (No. 4) - Payment Request No. 11 STAFF REPORT DATE: July 18, 2017 CONSENT ITEM #: 8 AGENDA ITEM: Inwood Water Tower (No. 4) – Pay Request No. 11 SUBMITTED BY: Chad Isakson, Project Engineer REVIEWED BY: Krintina Handt, City Administrator Jack Griffin, City Engineer ISSUE BEFORE COUNCIL: Should the City Council approve Pay Request No. 11? BACKGROUND: CB&I, Inc. was awarded a construction contract on March 15, 2016 to complete the Inwood Water Tower (No. 4) project. The substantial completion date for the project is September 28, 2017. PROPOSAL DETAILS/ANALYSIS: CB&I, Inc., has submitted Partial Pay Request No. 11 in the amount of $60,914.00. The request has been reviewed and payment is recommended in the amount requested. In accordance with the contract documents, the City has retained 5% of the total work completed. The amount retained is $105,446.43. FISCAL IMPACT: None. Partial payment is proposed in accordance with the Contract for the project. Payment remains within the authorized scope and budget. RECOMMENDATION: Staff is recommending that the City Council approve, as part of the Consent Agenda, Pay Request No. 11 for the Inwood Water Tower (No. 4) project. If removed from the consent agenda, the recommended motion for the action is as follows: “Move to approve Pay Request No. 11 to CB&I, Inc. in the amount of $60,914.00 for the Inwood Water Tower (No. 4)”. ATTACHMENTS: 1. Partial Pay Estimate No. 11.