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Resolution of the Mayor and Council of Princeton Authorizing the Second and Final Change Order in the Amount -$1,130,526.00, Resulting in a Final Contract Amount of $679,153.000 for the Mini System #35 Sewer Rehabilitation Project, and Making a Final Payment in the Amount of $13,583.06
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WHEREAS, pursuant to duly advertised Notice to Bidders in accordance with the New Jersey Public Contracts Law, N.J.S.A. 40A:11-1 et seq., two (2) bids were received, and a construction contract awarded to National Water Main Cleaning Company, Inc. for the Mini-System #35 Sanitary Sewer Rehabilitation Project in Princeton, New Jersey for a contract amount of one million eight hundred nine thousand six hundred seventy-nine dollars and zero cents ($1,809,679.00); and
WHEREAS, the removal of the manhole rehabilitation work from the initial contract and its re-procurement under a separate project accounted for $870,936.00 of the $1,130,526.00 reduction in the final adjusted contract value; and
WHEREAS, Arcadis U.S., Inc., Princeton's construction inspection and management firm, advises that the construction project is complete and recommends the approval of a final change order amount of -$1,130,526.00, which results in a final contract amount of six hundred seventy-nine thousand one hundred fifty-three dollars and zero cents ($679,153.00); and
WHEREAS, Arcadis U.S., Inc. recommends final payment in the amount of $13,583.06, and the release of the performance bond to National Water Main Cleaning Company, Inc.
WHEREAS, National Water Main Cleaning Company has submitted an acceptable two-year Maintenance Bond in the amount of $101,872.95, which is fifteen percent of the final contract amount. [DS1]
NOW, THEREFORE, BE IT RESOLVED that the Mayor and Council of Princeton hereby approve the final payment in the amount $13,583.06 and the release of the performance bond to National Water Main Cleaning Company, Inc. for Mini-System #35 Sanitary Sewer Rehabilitation Projec...
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