title
Resolution of the Mayor and Council of Princeton Authorizing a Final Change Order in the Amount of -$20,955.00 and Authorizing a Final Payment of $1,885.40, Resulting in a Final Contract Amount of $94,270.00, and the Release of the Performance Bond for the Installation, Replacement and Repair of Guide Rail on Pretty Brook Road and Quaker Road project to J. Fletcher Creamer & Son, Inc. and Acceptance of a Maintenance Bond
end
body
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 J. Fletcher Creamer & Son, Inc. for the Installation, Replacement and Repair of Guide Rail on Pretty Brook Road and Quaker Road project in Princeton, New Jersey for a contract amount of one hundred fifteen thousand two hundred twenty-five dollars. ($115,225.00); and
WHEREAS, the quantity of various bid items were reduced based on the field conditions, resulting in a reduction in the overall contract price; and
WHEREAS, the Engineering Department advises that the construction project is complete and recommends the approval of a final change order amount of -$20,955.00, which results in a final contract amount of ninety-four thousand two hundred seventy dollars ($94,270.00); and
WHEREAS, the Engineering Department recommends final payment in the amount of $1,885.40, and the release of the performance bond to J. Fletcher Creamer & Son, Inc.; and
WHEREAS, J. Fletcher Creamer & Son, Inc. has submitted an acceptable two-year Maintenance Bond;
NOW, THEREFORE, BE IT RESOLVED that the Mayor and Council of Princeton hereby approve the final payment in the amount $1,885.40 and the release of the performance bond to J. Fletcher Creamer & Son, Inc. for the Installation, Replacement and Repair of Guide Rail on Pretty Brook Road and Quaker Road project in Princeton, New Jersey. The final revised contract amount shall be ninety-four thou...
Click here for full text