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New Business - Program Management

Title: PM12 Retainage from 10% to 2% for Hidden Oaks

Recommendation:

I recommend the School Board approve Reduction of Retainage from 10% to 2% for Hidden Oaks Elementary (03-V), Construction Management at Risk Project, and authorize the Chairman and Superintendent to execute all related contract documents.  This is a clarification of a Board Report that was Board approved as a Reduction of Retainage inadvertently from 10% to 5% on November 9, 2005.

Description:

Hidden Oaks Elementary School (03-V) – CM@ Risk Project #0011-8334

 

  • Description: On Hidden Oaks Elementary School, the Contractor, James B. Pirtle Construction, achieved substantial completion on August 12, 2005, and requested a Reduction of Retainage from 10% to 2%; the Architect and District staff recommends this reduction.  The original Board report, dated November 9, 2005, mistakenly reduced retainage from 10% to 5%.  This Board item corrects that error.

Financial Impact:

The financial impact to the Project's Budget is $0.00.

For Additional Information, contact:
Joseph M. Moore (moorej@palmbeach.k12.fl.us)
Joseph M. Sanches

Attachments (list):
PM12 Backup.pdf
PM12 Site Plan.pdf
Q&APM12.doc
Contractor.pdf
Diversity.pdf

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