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MEMORANDUM <br /> Tom Hatch <br /> To: interim City Manager Date: January 8, 2024 <br /> Nabil Saba, Executive Director <br /> From: Public Works Agency <br /> Project No. 16-6460; Advanced Metering Infrastructure <br /> Subject: Change Order No. 3 <br /> CONTRACTOR : Aqua-Metric Sales Co. <br /> 4050 Flat Rock Dr. <br /> Riverside, CA 92505 <br /> PROJECT DESCRIPTION: Project No. 16-6460; Advanced Metering Infrastructure <br /> CHANGE ORDER NUMBER: 3 CHANGE ORDER AMOUNT: $2,569,352.08 <br /> ACCOUNTING UNIT-ACCOUNT-ACTIVITY NUMBER: 06617647-66301-16646001097 <br /> JUSTIFICATION <br /> Price increases to the project's prime contractor/supplier necessitated a corresponding change <br /> order for project materials. This change order was approved in fall 2022, and updated pricing <br /> has been in effect since that time. <br /> The original agreement total of$29,683,229 had a contingency of $1,500,000 included. Due to <br /> other actions taken/decisions made during the delivery of the project, mainly performance of <br /> installations by City forces and retrofitting existing meters rather than replacing them, it is <br /> anticipated that the original contingency fund will be sufficient to cover the additional price <br /> increase. Staff will return to City Council to amend the agreement should project expenditures <br /> necessitate an increased NTE amount. <br /> CONTRACT COST SUMMARY <br /> Amount % of Contract <br /> Original Agreement Total $28,183,229.61 <br /> Contingency Q <br /> $1,500,000.00 5.05/o <br /> Council Authorized budget $29,683,229.61 <br /> Amount % Increase <br />