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Subject: (Direct Referral) Communication from the Commissioner of Public Works/City Engineer submitting a request to reduce the retainage on Contract 2-08 (K8-002), Belle Urban System Administrative Office Expansion, Absolute Construction Enterprises, Inc., contractor. (Res.09-1294)
Recommendation of the Public Works and Services Committee on 3-10-09: That the request of the contractor to reduce the retainage on Contract 2-08 (K8-002), Belle Urban System Administrative Office Expansion, to 1% of the project cost, or $4,070.00, be approved.
Fiscal Note: The amount of retainage is sufficient to cover the value of the remainder of the work on this project.