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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