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w <br /> Page 3 <br /> oval Change orders <br /> 12/13/93 <br /> F ina 1 rev i ew o f the prof ect f inancing cannot be made and the prof ect <br /> fund closed until contracts are completed in the opring of 1994a <br /> However, at this time it is suggested that no additional change orders <br /> to add to the budget be considered for any of the three contracts under <br /> consideration at this time. <br /> A summary of each of the three contract financial, status is provided as <br /> follows* <br /> John Rose Minnesota oval refrigeration project <br /> original contract amount $210581000woo <br /> Previous change orders 70#75918 <br /> Change order No. 3 65, 140,00 <br /> Revised contract amount $2p193y909e18 <br /> John Rose Minnesota oval lobby building <br /> original contract amount $475, 000900 <br /> Previous change orders 0*00 <br /> Change order No. 1 11-3x6529-09 <br /> Revised contract amount $588, 652 .00 <br /> John Rose Minnesota oval mechanical support building <br /> original contract amount $371,000. 00 <br /> Previous change orders 261250e00 <br /> Change order Mo. 2 1,02201olO <br /> Revised contract amount $407;451olO <br /> The total amount of original contracts awarded for these three project <br /> components is $2,904, 000. A 5 change order limitation, as is standard <br /> by City po 1 i cy, would have provided a total change order budget of <br /> $145,200. However, normal engineering practice would be to add another <br /> 5 to the project budget for unforeseen contingencies such as adverse <br /> soil conditions and weather corrections which were certainly a part of <br /> this project. - Therefore, a reasonable change order and contingency <br /> budget for a io�of ect of this magnitude would be 2 9 0,0 o o <br /> In summary, a.11 change orders for these three project components total <br /> $ 6, hr ,.� :t ire f the f ina l change order and project contingency <br /> budget is withi Ll normal ranges for a project of this magnitude. <br /> It is appropriate at this time to prepare a current project budget <br /> summary. The summary includes the three major components of the project <br /> discussed along with the other listed projects currently under contract <br /> but not complete. The summary is provided as follows: <br />