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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM FILE ID: Date: 3/25/11 Commission Meeting Date: 4/28/11 Type: ® Resolution ❑ Ordinance Requesting Department: CIP District(s) Impacted: 2 Emergency Ordinance ❑ Discussion Item ❑ Other Law Department Matter ID No. Subject: Resolution authorizing an increase in the contract amount with Giannetti Contracting Corp., for the project entitled "North Bayshore Drive Drainage Improvements," B-50658. Purpose of Item: To authorize an increase to the contract with Giannetti Contracting Corp. ("Giannetti"), in the not to exceed amount of $76,968.26, thereby increasing the award value from41,539,365.24 to an amount not to exceed $1,616,333.50, for the North Bayshore Drive Drainage Improvements Project, B-50658. Pursuant to Addendum No. 4, the contract contains a financial incentive provision requiring that the work be completed by a specified time. Said contractual provision has been fulfilled by the contractor. Therefore, Amendment No. 2 is necessary in order to issue payment to Giannetti in the not to exceed amount of $76,968.26. Background Information: Fourteen (14) bids were received by the Office of the City Clerk on February 13, 2009, pursuant to formal Invitation for Bids No. 08-09-025, issued on December 29, 2008, for the project entitled "North Bayshore Drive Drainage Improvements, B- 50658" (Project). The City Manager authorized execution of an Agreement with Giannetti, the lowest responsive and responsible bidder, in the total amount of $1,257,935.68, plus an owner contingency of $125,793.56, for a total not to exceed amount of $1,383,729.24. This project was included on the expedited list of projects pursuant to Expedite Ordinance No. 13045. On September 23, 2010, the City Commission adopted Resolution No. 10-0411, authorizing Amendment No. 1, which increased the award amount by $155,636, from $1,383,729.24, to a total not to exceed award amount of $1,539,365.24, for additional work due to unforeseen conditions and owner requested changes. This Amendment No. 2 increases the overall award amount by $76,968.26, for a total not to exceed award amount of $1,616,333.50. Funds are available from Capital Improvements Project No. B-50658. Budget Impact Analysis NO Is this item related to revenue? YES Is this item an expenditure? If so, please identify funding source below. General Account No: Special Revenue Account No: CIP Project No: B-50658 NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: Maintenance Cost: Total Fiscal Impact: $76,968.26 Final Approvals (SIGN AND DATE) CIP Budget NA If using _ Grants Risk Management �N/A Purchasi ' Dept. Director ��%%(4 Chief, ( t t City Manager NA i receiving caniial,fiuidN/A N/A a - Page 1 of 1 Construction Manager: Valentine Onuigbo