Title
Acceptance and release of retainage for the Manhole Rehabilitation - Phase 3 Project.
Body
Summary: Fuquay, Inc. has completed the Manhole Rehabilitation - Phase 3 Project and is now ready for Council acceptance and release of retainage. The project was completed in the amount of $249,308.50. The retainage for this project is $24,930.85. The project consisted of the rehabilitation of 36,000 SQFT of manholes. This coating method protects the manhole from further damage from sewer gases and extends the structural life of the manhole. This project was completed on time and in budget.
Fiscal/Budgetary Impact: This project was funded through Water and Sewer CIP funds.
Recommended action
Staff is requesting acceptance and retainage release for the completed project