HomeMy WebLinkAbout2020.09.28_Redbud Festival ParkPROJECT COMPLETION REPORT
PROJECT: Redbud Festival Park
DATE PROJECT WAS INITIATED: November 17, 2015
DATE PROJECT WAS COMPLETED: March 3, 2020
STAFF COMMENTS:
On April 17, 2018, City Council approved a contract with Builder's Unlimited, Inc. of Tulsa,
Oklahoma, in the amount of $2,260,741 for construction of the festival park. Seven (7)
change orders were executed during the project, increasing the original contract price
by $206,822, for a revised contract amount of $2,467,563.
Within the contract provisions, liquidated damages of $1000 per day were deducted
from the amount owed to Builder's Unlimited, Inc. until such time as substantial
completion of the project was reached. Builder's Unlimited requested 160 days be
added to the contract completion date in exchange for $160,000 of project additions.
The contract completion date was changed from February 15, 2019, to July 25, 2019. On
December 11, 2019, Builder's Unlimited received substantial completion notice resulting
in 136 days of liquidated damages.
Final inspection was completed on January 15, 2020. On March 3, 2020, City Council
accepted the final project. The contracted project amount of $2,467,563 was reduced
by $136,000 (liquidated damages) for a final cost of $2,331,563.
Of the final project costs, $156,450.37 was used from the Capital Improvements Fund
towards this project_
Larry Langford, Recreation and Culture
161111
RV Wt5fttember, 2020.
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