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AGENDA ITEM #9.2.A <br /> Cil�t Of <br /> Pequot <br /> Lal�es= : <br /> REPORT TO CITY COUNCIL <br /> Report Prepared by: Tim Houle <br /> Date: October 6, 2020 <br /> Subiect: Rasmussen Road & South Washington Avenue Improvement Project <br /> — Partial Payment Estimate (Final) <br /> Re ort: The Construction Contract calls for payments to the Contractor, RL <br /> Larson Excavating, on a monthly basis. This Project is a unit price job where the <br /> Contractor provided unit prices for estimated quantities for different items of work. <br /> RL Larson Excavating has submitted quantities for the work performed in this <br /> Partial Payment Estimate (PPE) Number 5, which we have verified. <br /> All punch list items have been completed. We have sent out a Final Newsletter <br /> with our project engineer's phone number in case someone has a question or issue. <br /> The Contract has a 12-month Correction Period for the Contractor to come back <br /> and replace defective materials or workmanship. <br /> The Contractor has provided the required closeout documentation. This is the Final <br /> PPE. This PPE also releases the final retainage the City has been withholding. <br /> Due to some quantity overruns, the construction came in 1.5% ($35,330) over the <br /> Contract total. Overall, with all project costs — engineering, soil testing, easements, <br /> legal, and financing - the project is under the Bond amount. <br /> Council Action Requested: Council motion approving Partial Payment Estimate <br /> Number 5 (Final) to RL Larson Excavating Inc. in the amount of$172,948.05. <br />