Submitted By
Bill McKenna, Village Engineer/Assistant Public Works Director
Reviewed By
A.M. Zayyad, Deputy Village Manager
Agenda Item Title
Title
A Resolution Approving an Amendment to the Contract with Marking Specialists Corporation for Project 23-15, Bike Boulevard Pavement Marking and Signage Improvements, to Change the Not to Exceed Amount from $135,548 to $153,418 and Authorizing its Execution
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Overview
Overview
During the construction of the 2023 Bike Boulevard project, various quantity adjustments for pavement markings and signage resulted in the final contract cost exceeding the awarded amount by $17,870. The amendment to the contract with Marking Specialists Corporation adjusts the final construction cost for the project from $135,548 to $153,418.
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Recommendation
Recommendation
Adopt the Resolution.
Background
During the construction of the 2023 Bike Boulevard project on Erie Street, there were various adjustments in built quantities versus the original plan quantities for pavement markings and signage which resulted in the final contract value exceeding the awarded amount by $17,870. The Village and the contractor, Marking Specialists Corporation, have agreed to final quantities, and the project was completed earlier this year. This amendment adjusts the final construction cost for the project from $135,548 to $153,418. There are available funds to cover these additional costs from savings in the design of the bike boulevard system.
Fiscal Impact
There is currently $17,870 available in the FY24 Budget in the Capital Improvement Fund, Public Works - Engineering, for Bike Plan Improvements account no. 3095-43780-101-570967 to fund the $17,870 needed for this change order.
DEI Impact
N/A.
Alternatives
The alternative to this recommendation could be to delay action to gain additional information.
Previous Board Action
On October 16, 2023, the Village Board approved a Contract with Marking Specialists Corporation ...
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