2005/02/09 Council Agenda Packet

• • 5 2.5.5.Prepare monthly progress report narrative. 2.5.6.Prepare monthly earned value report. 2.5.7.Establish pay request procedures. The Contractor shall prepare monthly pay requests. 2.5.8.Prepare independent cost estimates for subcontractor change orders. The Contractor shall document and track all change order payments. 2.5.9.Resolve subcontractor claim issues. 2.5.10. At conclusion of Project, prepare final accounting of Project and prepare final payment and other required documents. 2.6. Contractor Cost Accounting 2.6.1 Starting with the award of the first bid package,the Contractor shall provide a monthly report to the Owner for review of expenditures,tracking of subcontractors, and contract changes. The report shall include, at a minimum: a. Final Bid Package Estimate. Once the Final Bid Package Estimate is agreed to, the values in this column do not change. At an appropriate time during the Project,with approval of the Owner,this column need not be printed in each monthly report. This column must,however,be maintained and be available upon the Owner's request. Final Bid Package Estimate Adjustments. To be used to record adjustments in the Final Bid Package Estimate. Available Funds(Revised Budget). The sum of the "Final Bid Package Estimate" and "Adjustments". Budget Adjustment. This column shall indicate any change to any budget line item that occurred since the last report. Subcontract. This column shall reflect the amounts encumbered less change orders. Change Order. (Two columns). One column shall reflect the value of Change Orders paid from the MACC contingency and one column shall reflect the value of change orders paid from the Owner's contingency. Revised Subcontract Amount. This column shall reflect the total of "Subcontracts" and "Change Orders." Everett Water Pollution Control Facility Expansion Phase A Construction Agreement 6 24