DATE: August 25, 2016
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Paul Holzen, City Engineer
Jonathan Marston, Assistant Director of Engineering
SUBJECT:
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Consideration of Change Order No. 3 (FINAL) to the Contract with Jones Bros. Contractors, LLC for the Construction of Carothers Parkway South Extension (COF Contract No. 2013-0048; Resolution 2013-37) for a DECREASE of $616,379.00 (8-25-16 CIC 3-0)
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Purpose
The purpose of this memorandum is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning Change Order No. 3 (FINAL) with Jones Bros. Contractors, LLC (f/k/a Mountain States Contractors, LLC) for the construction of Carothers Parkway South Extension (COF Contract No. 2013-0048) for a DECREASE of $616,379.00.
Background
The construction contract for the Carothers Parkway South Extension was awarded by the BOMA to Mountain States Contractors, LLC on June 11, 2013, in the amount of $10,262,066.99. On November 12, 2013, the BOMA approved Change Order No. 1 for an increase of $560,000.00. On September 9, 2014, the BOMA approved Change Order No. 2 for an increase of $2,446,695.43 to construction the "gap" section of Carothers Parkway, from Parkworth Drive to Truman Road West.
The project was substantially complete (e.g. opened to traffic) on September 23, 2015. The contractor has completed all remaining punch list items. All final payments to the contractor have been made, and this project is ready for official close-out via a final change order. Due to various underruns in quantities, this final change order is for a contract DECREASE in the amount of $616,379.00. A tabular summary of the contract changes can be seen below:
Financial Impact
This DECREASE of $616,379.00 represents a 4.9% cost savings from the previously approved contract ceiling of $13,292,567.42.
Recommendation
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Staff recommends approval of Change Order No. 3 (FINAL) with Jones Bros. Contractors, ...
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