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.

Staff Report & Agenda Item Details

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.