Fiscal Note
This resolution amends the 2013 Library Capital Budget to increase budget authority in the Central Library project to allow for the Central Library Contractor, Architect/Engineer, and Commissioning Agent to invoice costs related to a pipe break at the Central Library construction project. The total construction costs and professional fees related to the pipe break are estimated at $200,000 (Contractor $190,000, Architect/Engineer $7,000, Commissioning Agent $3,000). This amount will be reimbursed by the City’s builder’s risk insurance proceeds minus the deductible of $25,000. It is the City's intention that the Contractor will cover the deducitible cost, so the budget is being amended by $175,000. No additional General Obligation Debt is required.
The Budget Amendment needed is as follows:
CB18-58310-810611 $175,000
CB18-79475-810611 ($175,000)
Title
Amending the 2013 Madison Central Public Library Capital Budget and authorizing amendments to existing contracts with Meyer, Scherer Rockcastle, Ltd. and Sustainable Engineering Group for costs related to a pipe break at the Central Library.
Body
Amending the 2013 Madison Central Public Library Capital Budget and authorizing amendments to existing contracts with Meyer, Scherer Rockcastle, Ltd. and Sustainable Engineering Group for costs related to a pipe break at the Central Library.
Body
PREAMBLE, In February 2013 a pipe froze and broke at the Madison Central Public Library construction project and damaged installed construction work. The Contractor must replace/repair any installed construction material damaged by the pipe break at an estimated construction cost of $190,000. The Architect/Engineer has submitted extra design and construction administration costs related to the pipe break at an estimated cost of $7000. The Commissioning Agent has submitted extra commissioning, measurement, and verification services related to the pipe break at an estimated cost of $3000. ...
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