From
Max
Title
Final reconciliation Change Order No.1 with MasTec North America, Inc. in the negative amount of ($4,407.64) for S. Carrier Pkwy Fiber Optic Communication Cable and Camera installation project.
Presenter
Sholeh Karimi, Traffic Engineer
Recommend Action
Approve
Analysis
On December 09, 2008 the City Council approved construction contract with MasTec North America, Inc. for S. Carrier Pkwy fiber optic communication cable and camera installation in the amount of $630,810.90.
Change order No. 1 with MasTec North America, Inc. in the negative amount of ($4,407.64) is a Final Reconciliation Change Order which is the result of overruns and underruns of contract quantities due to the Central Park fiber optic communication cable installation and equipment change from ATM to Ethernet. Even though the net change is a negative $4,407.64, the cumulative total of the change order is greater than $25,000 and must be approved by the City Council. The net Change Order total to date is negative ($4,407.64), or about .698 % of the original contract amount for the revised contract amount of $626,403.26.
Financial Consideration
No additional funding is required from the Street Capital Projects Fund (400192), WO #07704203 (Fiber Optics-Carrier Parkway).