Title:
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Subject: (Direct Referral) Reduce retainage from 5% to 3% on Contract 20160015, 2016 Concrete Reconstruction - Kinzie Avenue (R1), Cornerstone Pavers, LLC., contractor. (Res No. 0085-17)
Recommendation of the Public Works and Services Committee on 02-28-17: That retainage be reduced from 5% to 3% on Contract 20160015, 2016 Concrete Reconstruction - Kinzie Avenue (R1), Cornerstone pavers, LLC., contractor
Fiscal Note: This will reduce the retainage from $37,695.84 to $22,617.51.
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