RECOMMENDATION(S):
APPROVE the San Pablo Dam Road Traffic Safety Project contingency fund increase of $100,000.00 for a new contingency fund total of $227,020.28, and a new payment limit of $1,497,223.08, effective August 11, 2020, as recommended by the Public Works Director, Orinda and Richmond areas. County Project No. 0662-6R4151, Federal Project No. HSIPL-5928(142).
FISCAL IMPACT:
The project is being funded by 65% Highway Safety Improvement Program Grant Funds and 35% Local Road Funds.
BACKGROUND:
The contingency fund increase is necessary to compensate the contractor for unforeseen extra work required to complete the project.
|