HomeMy WebLinkAboutCHANGE ORDER - BID - 7256 HOT APPLIED CHIPSEAL OVERLAYCHANGE ORDER NO. 1
PROJECT TITLE: Hot Applied Chipseal Overlay
CONTRACTOR: A-1 Chipseal Co
PROJECT NUMBE : 7256
DESCRIPTION: In Contract, Section 00520 Agreement, replace section 5.0,
Payment Procedures with revised HB11-1115 Retainage limits
Reason for change: Contract was in the process when HB11-1115 went into
effect
2. Description of Change: Add HB11-115 Retainage Limits per attached.
3. Change in Contract Cost: No change is cost
4. Change in Contract Time: No change in time
ORIGINAL CONTRACT COST $1,534,667.72
TOTAL APPROVED CHANGE ORDER
TOTAL PENDING CHANGE ORDER
TOTAL THIS CHANGE ORDER
TOTAL % OF THIS CHANGE ORDER
TOTAL C.O.% OF ORIGNINAL CONTRACT
ADJUSTED CONTRACC O;T/ $1,534,667.72
(Assuming all change ore a roved)
ACCEPTED BY: TZ>4.`' , DATE
Contractoh.Representative -'
BY:
Project
REVIEWED
BY:
Title:
APPROVED
BY: DA
Purchasing Agent over $60,000
Contractor
Project File
Engineer
Purchasing
Add Ht311-115 Retainage Limits
ARTICLE 5. PAYMENT PROCEDURES
CONTRACTOR shall submit Applications for Payment in accordance with Article
14 of the General Conditions. Applications for Payment will be processed by
ENGINEER as provided in the General Conditions.
5.1. PROGRESS PAYMENTS. OWNER shall make progress payments on
account of the Contract Price on the basis of CONTRACTOR's Application for Payment
as recommended by ENGINEER, once each month during construction as provided
below. All progress payments will be on the basis of the progress of the Work measured
by the schedule of values established in paragraph 2.6 of the General Conditions and in
the case of Unit Price Work based on the number of units completed, and in accordance
with the General Requirements concerning Unit Price Work.
5.1.1. Prior to Substantial Completion, Owner will be entitled to withhold as
contract retainage five percent (5%) of each progress payment, but, in each case, less
the aggregate of payments previously made and less such amounts as ENGINEER
shall determine, or OWNER may withhold, in accordance with paragraph 14.7 of the
General Conditions. If, in the sole discretion of Owner, on recommendation of Engineer,
Owner determines that the character and progress of the Work have been satisfactory to
OWNER and ENGINEER, OWNER may determine that as long as the character and
progress of the Work remain satisfactory to them, there will be no additional retainage on
account of Work completed in which case the remaining progress payments prior to
Substantial Completion will be in an amount equal to 100% of the Work completed. 95%
of materials and equipment not incorporated in the Work (but delivered, suitably stored
and accompanied by documentation satisfactory to OWNER as provided in paragraph
14.2 of the General Conditions) may be included in the application Section 00520 Page
3 for payment.
5.1.2. Upon Substantial Completion payment will be made in an amount
sufficient, if necessary, to increase total payments to CONTRACTOR to 95% of the
Contract Price, less such amounts as ENGINEER shall determine or OWNER may
withhold in accordance with paragraph 14.7 of the General Conditions or as provided by
law.
5.2. FINAL PAYMENT. Upon Final Completion and Acceptance of the Work in
accordance with paragraph 14.13 of the General Conditions, OWNER shall pay the
remainder of the Contract Price as recommended by ENGINEER as provided in said
paragraph 14.13.