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Paige 31 <br />Steven Sa,rk,ozv <br />July 1,2, 1990 <br />would exceed 5%, of the contract amiountift At that time, staff <br />would prepare change orders, for further council consideration, if <br />necessary. <br />The other maillor ellement of this policy would include <br />"deration for,a process for final project approval. <br />consil It 'is <br />a <br />suggested, that in conjunction with, the f inal acceptance of any <br />0 W <br />individual construction project, a report be presented to the <br />city council outlining the project, status,. This report would <br />a <br />include the following 'items: <br />a, <br />Gen,e,rial contract inf ormat 'ion, including contractor, contract <br />security, contract award datel, and other pertinent <br />Is <br />.information <br />Original. awarded, consitructioln contract amount and engineer's <br />estimate <br />3.. Summary of all change orders <br />41, Summary of all major project cost overruns <br />51,w F inal, contract amount <br />S,, Proj"' ect means, of f i nancing <br />The, form would be useful loin helping the council understand each <br />0 di A 41 0 <br />step in the public improvement process that is being considered <br />