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<br /> <br />The construction contract is based on line item bids and as the Project progressed the quantities <br />could be over or under the estimate. In the case of this Project the largest line item that was <br />under the estimated quantity was Class II Rip Rap which resulted in a savings of $32,115. <br />Numerous other line items were under run as well thus resulting in a cost savings of $60,823.87 <br />from the awarded contract price. Overall the project was approximately $65,000 under the <br />estimate. This savings may be reduced slightly, as there will be one final invoice from Stantec <br />as part of the close out process. <br /> <br />Recommendation: <br />Public Works recommends that the City Council adopt the attached resolution to accept the <br />construction work and approve final payment of $27,039.71 for the Mustang Drive Pavement <br />Rehabilitation and Drainage Improvement Project (City Project No. 2014-C01). <br /> <br /> <br />Respectfully submitted, <br /> <br /> <br />Brian Erickson – Public Works Director/City Engineer <br />Bid/Estimate Final Difference <br />Design & Inspection <br /> Design/Special Assessments 45,650.00$ 39,297.09$ (6,352.91)$ <br /> Bidding 2,250.00$ 1,531.20$ (718.80)$ <br /> Construction 20,000.00$ 23,405.50$ 3,405.50$ <br />Geotechnical Evaluation 5,237.00$ 5,227.75$ (9.25)$ <br />Total Design 73,137.00$ 69,461.54$ (3,675.46)$ <br />Construction 433,916.56$ 373,092.69$ (60,823.87)$ <br />TOTAL PROJECT COST 507,053.56$ 442,554.23$ (64,499.33)$ <br />TOTAL PROJECT COST