Committee approves partial payment from liquid fuels funds to contractor for 2025 road program

The Finance Administration Committee approved a partial payment on Sept. 18 to Innovative Construction Services for work on the 2025 road program, using liquid fuels funds. Staff said the engineer certified completion of the majority of work but identified final outstanding items; the committee authorized release of the bulk of the contract payment while holding back amounts for the remaining work.
Staff presented the invoice and said the payment to Innovative Construction Services covers the contract work on Meeting House Lane, Iona, portions of Windsor, and speed humps. The payment amount discussed was $225,597.12. Staff said the engineer provided an itemized list and that final retained amounts would be released once outstanding items are completed and certified.
Action: the committee approved the partial release of funds; staff said the retained final invoice will be paid later in the year when the engineer signs off on completion. The payment is to be drawn from the borough's liquid fuels account, consistent with the borough's road program funding procedures.
Context: the borough uses liquid fuels monies for road projects; payments are released after engineer certification of contract milestones. The committee's action allowed the contractor to receive most of the invoice now while holding a final retainage for remaining work.