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Madison City board approves $29,000 change order and final SRF disbursements to close water project
Summary
The Board of Public Works and Safety approved a $29,000 change order tied to liquidated damages for MW Cole Construction and authorized two SRF disbursement requests that will release final retainage and close the project loan.
The Board of Public Works and Safety of Madison City on Aug. 18 approved a $29,000 change order with M.W. Cole Construction and authorized two State Revolving Fund (SRF) disbursement requests that officials said will release final retainage and close the loan for the Division B water tanks and towers project.
The board approved “change order number 4 for Division B, M. W. Cole Construction” for $29,000. Brian, presenting the water project update, described the change order as tied to liquidated damages for missed deadlines during installation of the…
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