Title
Acceptance of completion and release of retainage to Vaught Services for the Surface Water Treatment Plant Valve Replacement Project.
Body
Summary:
On November 1st, 2016, the City awarded Vaught Services with the bid to perform the replacement of the valves on the high service pumps at Deer Park’s Surface Water Treatment Plant. The valves needed to be replaced due to extreme wear since being installed in the late ‘80s. Their services were purchased through The Interlocal Purchasing System (TIPS) for a total of $97,076.61.
In agreement with the contractor, the City has withheld a 5% ($4,853.83) retainage until completion of the work. The work has now been completed and staff is requesting that council accept the completion of the project and approve the release of retainage of $4,853.83 to the contractor.
Fiscal/Budgetary Impact:
This is a budgeted item from the surface water treatment account 40-506-4904.
Recommended action
Staff is recommending that council accept the completion and release of retainage of $4,853.83 to the contractor.