Authorize additional contingency for the construction contract for the Fallwell Lane Capital Renewal project for Austin Energy and Austin Water with Posillico Civil, Inc., in the amount of $3,337,139, for a revised total contract amount not to exceed $27,809,496. Funding: $3,337,139 is available in the Capital Budgets of Austin Energy and Austin Water. Funding for the remaining contract amount is contingent upon available funding in future budgets.

The Council is being asked to add more contingency funding to the Fallwell Lane Capital Renewal project, a construction effort for Austin Energy and Austin Water handled by Posillico Civil, Inc. This kind of buffer money covers unexpected costs that crop up during construction on utility infrastructure. The extra amount is $3,337,139, bringing the revised total contract to no more than $27,809,496, with that added money coming from the utilities' capital budgets.

budget

"Without objection, the consent agenda is adopted" — meeting transcript (unofficial)

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