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Final Close-Out of Contract With Seggie Custom Builders, LLC, for Pine Island Park Storm Damage Repair Project (Contract No. 23-T00040/AP Q1; Amount: $23,634.12)
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BRIEF OVERVIEW
The repair for Pine Island Park Storm Damage was awarded by the Board on January 23, 2024, Doc Id. No. 13423, to Seggie Custom Builders, LLC in the amount of $374,463.29. This project is Quote No. one (1) under Contract No. 23-T00040/AP Construction Services under $500K.
Change Order One (1) was for the addition of work not in the original scope of work and to extend time for the additional work required, increasing the Contract by $24,469.07 from $374,463.29 to $398,932.36.
Change Order Two (2) is for rental equipment and removal of concrete to complete job, increasing the Contract by $3,687.50 from $398,932.36 to $402,619.86.
The Final Contract amount is $402,619.86 (PO No. 24000578).
The work has been completed and Seggie Custom Builders, LLC has submitted its Final Pay Application No. Three (3) in the amount of $23,634.12.
All releases properly include Hernando County. Seggie Custom Builders, LLC has signed a release of lien. All notices of lien or claims of lien have been released on the project.
FINANCIAL IMPACT
Funding in the amount of $23,634.12 is available for this project in the General Fund-Disaster department:
There is a retainage amount of $19,946.62 that is maintained on the balance sheet associated with this project:
Balance Sheet:
Fund: 0011 - General Fund, Department: 40011 - General Fund Disaster, Account: 2050214 - Retainage - Seggie Custom Builders, LLC. The amount shown above, $23,634.12, is the combined balance; hence, it is larger than the amount needed to clear this project's retainage amount of $19,946.62.
Expense:
Upon issuing payment, the retainage will be reduced by $19,946.62 and that expense, along with the remaining balance of $3,687.50, combine to equal $23,634.12 and will get expensed to:
Fund: 0011 - General Fund, ...
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