Bowen Engineering Corp. cal.q9. 07 e2070eAt)
November 23, 1999
Memo To: City of Carmel Board of Public Works and Safety
From: John Duffy if
RE: Change Order#1 — ontract 22—Water Plant 5 Expansion
Dear Board Members:
The attached Change Order#1 —Contract 22 for a total amount of$66,552 is for the
following:
1) Addition of concrete ledge for future brick work on the aeration towers $58438
2) Testing Services for soil compaction, concrete stability, etc. $8,200
3) Installation of water line to New Control Valve $1614
4) Acceptance of compact fitting as alternate—results in a deduct ( $1700)
Total Change Order $66,552
Transmittal Cover Sheet
Bowen Engineering Corporation
10315 Allisonville Road City of Carmel,Water Plant#5 Improvements
Fishers, IN 46038
9959
Phone 317-842-2616
Fax 317-585-3349
Transmitted To ?m4#IQd�: y
o
Y PP
City of Carmel
One Civic Square
Carmel, IN 46032
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5 Signed Change Order No. 1
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Submitted By: Scot Evans
Prolog Manager G:\PROLOG4\PROJECTS\9959.PMD Printed on: 11/9/99 Page 1
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APPROVED, AS TO
ESCROW AGREEMENT FORM
THIS ESCROW AGREEMENT made and entered into this 1 - day
of N4D0/:'i yl , 19 (0 , by and between City of Carmel Utilities
(herein called Owner) , Bowen Engineering Corporation (herein
Fifth Third Bank of
called Contractor) , and Indiana as Escrow Agent
(herein called Agent) witnesseth :
WHEREAS, Owner and Contractor entered into a contract
dated 1.),Ifik.A1 ) 9 , i9q1 , providing for the construction
by Contractor of a public building, work or improvement
subject to the provisions of IC 5-16-5 .5, IC 5-17-5-1 and
IC 36-1 -12-14;
WHEREAS, said construction contract provides that
portions of payments by Owner to Contractor shall be retained
by Owner (herein called Retainage) and placed in an escrow
account .
NOW, THEREFORE, it is agreed as follows:
1 . When monthly claims are presented to the Owner, the
Owner will hereinafter deliver or cause to be delivered to
Agent the Retainage within 30 days from the billing date, to
be held in escrow in accordance with the terms of this
Agreement .
2 . Agent shall promptly deposit these funds in a
special account . Agent shall invest all cash proceeds held in
any short-term or money market fund available to such accounts
1
through Agent ' s Trust Department which are considered prudent
to safeguard principal , to earn reasonable interest and to
make funds available within a reasonable time for distribution
when required.
3 . Agent shall hold the escrowed principal until
receipt of written authorization from Owner specifying the
portion or portions of the escrowed funds to be released from
the escrow to Contractor. Upon receipt of such notice, Agent
shall consider it a direction and remit the designated portion
of escrowed principal as directed.
4. Income shall normally be accrued until termination;
however, on direction of Owner income may be remitted to
Contractor in proportion to the amount of principal disbursed .
5 . That the Contractor shall be paid in full by the
Owner including all Retainage and Retainage income held by the
Escrow Agent following certification by the Owner ' s Architect-
Engineers of the substantial completion, subject to IC 5-16-
5 . 5, IC 5-17-5-1 and IC 36-1 -12-14. If at that time there are
any uncompleted minor items, an amount equal to two hundred
(200) percent of the value of each item as determined by the
Architect-Engineer shall be withheld in the Escrow Account
until said item or items are completed.
6. Before any remittance of income received hereunder,
Agent shall deduct its fee which shall be computed in
accordance with the published Escrow Retainage Fee Schedule
in effect from time to time.
2
7 . In event of controversy, Agent shall pay over the
net sum .held by it hereunder as follows :
(a) Payment by joint authorization : Upon receipt
of a joint written authorization executed by Contractor and
Owner, Agent will make distribution in accordance with such
written direction .
(b) Payment to Owner: Upon receipt from Owner of
a copy of the Architect' s certificate pursuant to Article 14
of the General Conditions showing that Owner has terminated
the employment of Contractor, Agent shall pay over to
Contractor such sum, if any, as Owner directs and shall pay
the balance to Owner .
(c) Payment by court order: Upon receipt of a
certified or file stamped copy of a court order resolving the
disputed claim or directing a specific distribution of all or
any portion of said funds, Agent will make distribution in
accordance with such order.
8 . This Agreement and anything done or performed
hereunder by either Contractor or Owner shall not be construed
to prejudice or limit the claims which either party may have
against the other arising out of the aforementioned
construction agreement .
9. The duties and responsiblities of Agent shall be
limited to those expressly set forth herein, to hold such
money and to pay and deliver to such person and under such
conditions as herein set forth . Agent shall act in good faith
3
using its best judgment . Agent shall not be liable for any
act taken or omitted in good faith and shall be fully
protected when relying on any written notice, demand,
certificate or document which it believes to be genuine.
This instrument constitutes the entire Agreement between
the parties regarding the duties of Agent with respect to the
investment and payment of escrow funds .
r�17
Bowen E eer g Corporation Cam-
(CONT OR) (OW ER)
B 4, / By C.A- (--co{rn(7,(
fl c , Asst. secretary J
Address 10 315 Allis onville Road Address Chi' (L _ / L ?ic
Fishers IN 46038 11111 e Li 69 050,R
(AGENT)
By
Address
4
bS-ao/• bbl/055
Please Note:
On Fifth Third Bank
When making inquiries of this
account, please refer to the
Tanya Smith account number in the upper
Corporate Trust Administrator right hand corner.
Capital Center•251 N.Illinois Street•Suite 310 Thank you,
P.O.Box 2206•Indianapolis,IN 46206-2206 Tanya Smith
Tel 317-383-2369•Fax 317-383-2350
Tanya.Smith@53.com Corporate Trust Administrator
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