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R2022-107 Resolution Accepting the Bid and Authorizing the Execution of a Contract with Microsurfacing Contractors, LLC City Project 2022-24
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R2022-107 Resolution Accepting the Bid and Authorizing the Execution of a Contract with Microsurfacing Contractors, LLC City Project 2022-24
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Last modified
1/24/2023 5:05:14 PM
Creation date
7/6/2022 4:05:42 PM
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Resolution/Ordinance
Res Ord Num
R2022-107
Res Ord Title
R2022-107 Resolution Accepting the Bid and Authorizing the Execution of a Contract with Microsurfacing Contractors, LLC City Project 2022-24
Department
Public Works
Approved Date
7/5/2022
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SUBCONTRACTOR MOBILIZATION PAYMENTS (BIDE) <br /> ' Effective: November 2, 2017 <br /> Revised: April 1, 2019 <br /> Replace the second paragraph of Article 109.12 of the Standard Specifications with the <br /> following: <br /> "This mobilization payment shall be made at least seven days prior to the subcontractor <br /> starting work. The amount paid shall be at the following percentage of the amount of the <br /> subcontract reported on form BC 260A submitted for the approval of the subcontractor's work. <br /> Value of Subcontract Reported on Form BC 260A Mobilization Percentage <br /> Less than $10,000 25% <br /> $10,000 to less than $20,000 20% <br /> $20,000 to less than $40,000 18% <br /> ' $40,000 to less than $60,000 16% <br /> $60,000 to less than $80,000 14% <br /> $80,000 to less than $100,000 12% <br /> ' $100,000 to less than $250,000 10% <br /> $250,000 to less than $500,000 9% <br /> $500,000 to $750,000 8% <br /> ' Over$750,000 7W <br /> ' 80391 <br /> 1 <br /> i <br /> 1 <br /> 1 <br />
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