HomeMy WebLinkAboutNB 2 IRVINE BLVD MOD. 02-16-82' GENDA. .
DATE: FEBRUAR~ 9, 1982
NEW BUSINESS
Inter-Corn
TO:
WILLIAM HUSTON, CITY MANAGER
FROM: DALE WICK, ASSISTANT CITY ENGINEER
SUBJECT: Akm~RD OF BID - IRVINE BLVD. CENTER MEDIAN MODIFICATION
~TION:
It is recumtended that the City Council, at their meeting of Feb. 16, 1982, award
the contract for subject project to the second low bidder, Hardy & Harper Inc., in
the amount of $14,460.00 and authorize return of the 10% bid bond to Noveco Inc.
of Corona, CA.
BACK~:
The City Council, at their meeting of Jan 18, 1982, awarded the contract for
subject project to the low bidder, Noveco Inc., in the amount of $14,438.14. The
low bidder has been unable, within the prescribed ten working days, to provide a
bonding company which meets the requirements of the City Code, which states, "the
bonding cc~pany must have a rating of Grade A and Class IX or better in Best's Key
Rating Guide." The difference between the low bid and second low bid on this
project is only $21.86.
Staff is reccmmending that the low bidder's bid bond be returned because, in this
case, the 10% bid bond would only amount to $1,443.81. It is doubtful that this
amount would cover staff tim~ and attorney's fees in attempting to collect on it.
The second low bidder, Hardy & Harper Inc., has previous experience on this type
of project as they completed the median modification on First Street at McDonald's
Restaurant.
DALE A. WICK
ASSISTANT CITY ~NGINEER
db
cc:
City Clerk
City Attorney
Street Maintenance Supt.