Discuss, consider, and take appropriate action regarding Change Order No. 3 in the amount of ($353,937.79) for Project T5023 CR 200 Reconstruction (MA Smith Contracting Co., Inc.) P: 285 Funding Source: Road Bond.

This Change Order provides the final balancing for the overrun/underrun of Contract quantities on the project as a result of addressing field conditions not accounted for in the original plans. This Change Order also adds new items to the Contract to pay the Contractor for additional work that was originally paid under the Force Account Line item. Please see attached Change Order for additional details. In addition to the new items, 18 days have been added to the Contract to account for the delay in railroad material deliveries.  

This Change Order results in a net decrease of $353,937.79 to the Contract amount, for an adjusted Contract total of $4,652,434.34. The original Contract amount was $4,975,515.09. As a result of this and all Change Orders to-date, $323,080.75 has been deducted from the Contract, resulting in an 6.49% net decrease in the Contract cost. Eighteen (18) days will be added to the Contract as a result of this Change Order.