RECOMMENDATION(S):
APPROVE the Jersey Island Road Bridge Project contingency fund increase of $100,000 for a new contingency fund total of $158,203.50, and a new payment limit of $740,238.50, effective February 4, 2020, as recommended by the Public Works Director. Project No. 0662-6U4134 (District III)
FISCAL IMPACT:
The project is being funded by 100% Local Road Funds.
BACKGROUND:
The contingency fund increase is necessary to compensate the contractor for unforeseen extra work required to complete the project.
CONSEQUENCE OF NEGATIVE ACTION:
The lack of approval would prevent successful completion of this contract and prevent payment for the additional work performed by the contractor.
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