Title
Accept completion of the Storm Drainage Rehabilitation on Maxwell Lane via Buy Board contract # 731-24.
Body
Summary:
On July 16, 2024 City Council approved the purchase of services, through the Buy Board, of Fuquay, Inc. to perform the Storm Drainage Rehabilitation on Maxwell Lane. As you recall, the one 18-inch CIPP and two 24-inch CIPP storm drainage pipes on Maxwell Lane had failed and caused a void close to a resident’s home, compromising the foundation. Fuquay, Inc. submitted a proposal in the amount of $99,918.05 to slip line all three storm drain pipes.
The project has been completed and is now ready for council acceptance. The final cost of the work was, as quoted, $99,918.05.
Fiscal/Budgetary Impact:
Funding for this work was taken out of the $250,000 contingency available in the Storm Water account 425-410-4510 (2023-2024 fiscal year).
Recommended action
Accept completion and agree to the release of $9,991.81, in retainage, be released to Fuquay, Inc.