On September 28, 2021, the City Council approved Resolution No. 2021-167 awarding a contract to George Reed, Inc. in the amount of $501,586 for a project consisting of paving (overlay) of the roadway on Sierra College Boulevard (SCB) from Del Mar Avenue to the Placer County Line (Sierra College Boulevard HMA Overlay Project).
The current project cost is $613,446, authorized by the original contract amount of $501,586, a 15 percent contingency of $75,238, and the City Council's approval of an increase to the contract amount by $36,622 (via Resolution No. 2022-96).
The project is nearing completion and due to an increase in the amount of asphalt needed for dig out repairs, AC Dike work, associated cost increases, and miscellaneous tasks, staff estimates that the additional costs will be $35,000.
To date, five (5) change orders have been issued for a total of $98,263 (rounded) leaving $13,598 (rounded) remaining in contingency funds. This leaves approximately $21,402 that will be needed to complete this project.
Staff recommends approving an increase in the City Manager's change authority under the contract by $21,402 to cover the remaining costs, which will increase the total approved contract amount to $634,848.