Title: PM2 Project Modifications and Retainage for Meadow Park

Recommendation:

I recommend the School Board approve Project Modifications in the credit amount of ($751,564.00) and approve Reduction of Retainage from 5% to .01% for Meadow Park Elementary School, Modernization Project, and authorize the Chairman and Superintendent to execute all related contract documents.

Description:

Meadow Park Elementary School – Modernization Project #0591-8297 

Item #1

• COPR #1 in the credit amount of ($751,564.00).
• Description:  Provide credit to the GMP, due to work that cannot be performed at this time. 
• Cause:  School District Requested.
• Justification: The School District is presently using the original Meadow Park Elementary as a holding school for Berkshire Elementary.  The subcontractors were not willing to hold their prices in this volatile market.  Therefore, this work will be rebid at the appropriate time.

Item #2

• Description: On Meadow Park Elementary School, the Contractor, James Pirtle Construction, has achieved substantial completion on:
  • May 22, 2005 for Buildings #1 and #2
  • July 1, 2005 for Buildings #3 and #4 

The Contractor has requested a Reduction of Retainage from 5% to .01%; the Architect and District staff recommends this reduction.

Financial Impact:

The financial impact to the Project's Budget is a credit of ($751,564.00).

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

Attachments (list):
PM2 Backup.pdf
PM2 Site Plan.pdf
PM2 Data Panel.pdf
Q&APM2.doc