TO: Mayor and Members of City Council
THRU: Kelly Olivera, Assistant City Manager
FROM: Deontae K. Watson, MBA, A.A.E., Interim Airport Director
Kimberly Toon, CLGPO, Purchasing Manager
DATE: January 22, 2024
RE:
Title
Approve the Addition of Builder's Risk Insurance to Terminal Renovations Phase III Construction Contract with Daniels & Daniels Construction Company, Inc.,
COUNCIL DISTRICT(S):
Council District(s)
All
b
Relationship To Strategic Plan:
Goal IV - Desirable Place to Live, Work and Recreate
4.1 - To maintain public transportation investments with high quality transit and airport services.
Executive Summary:
Council is asked to approve the addition of builder's risk insurance to the contract with Daniels & Daniels Construction Company, Inc. for the Terminal Renovations Phase III project. The cost of the insurance is $5,600.
Background:
Council awarded the construction contract for the Terminal Renovations Phase III project to Daniels & Daniels Construction Company, Inc., and authorized the City Manager to execute the contract on January 8, 2024.
The information that was presented to Council inadvertently did not include the cost of the builder's risk insurance ($5,600), which is required by the City to provide insurance coverage during the construction or renovation of City buildings. The corrected amount of the contract is:
Daniels & Daniels Construction Company, Inc. $ 3,226,000
Plus, Builder's Risk Insurance $ 5,600
$ 3,231,600
Issues/Analysis:
None
Budget Impact:
There is no impact to the General Fund. The project budget contains sufficient funds to cover the increased amount of the contract.
Options:
* Approve the addition of builder's risk insurance to the contract for construction of Terminal Renovations Phase III with Daniels & Daniels Construction Company, Inc.
* Do not approve the addition of builder's risk insurance to the contract for construction of Termina...
Click here for full text