24-1036
Authorize (1) settlement of the claim asserted by the City of Dallas against surety Atlantic Specialty Insurance Company, a wholly owned subsidiary of Intact Insurance Group USA Holdings, Inc., a wholly owned subsidiary of Intact Financial Corporation, for Sisters Asphalt, Inc. d/b/a SAI Construction’s failure to complete construction under Dallas Water Utilities Contract No. 20-473/474 (DWU-2021-00016990) in an amount not to exceed $4,333,680.00; (2) cancellation of Dallas Water Utilities Contract No. 20-473/474 (DWU-2021-00016990) with Sisters Asphalt, Inc. d/b/a SAI Construction; and (3) the receipt and deposit of funds in an amount not to exceed $2,221,321.60 in Water Construction Fund and $2,112,358.40 in Wastewater Construction Fund - Estimated Revenue: Water Construction Fund ($2,221,321.60) and Wastewater Construction Fund ($2,112,358.40)
What this record is
- Held by
- Sisters Asphalt, Inc
- Amount
- $4.33M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- contract
- Field
- Construction
construction contracts in TX that end within a year →
Governments publish the end date in the award. That date is when the
work goes back out to bid, and it is usually stated years ahead.
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- City Attorney's Office
- Requested by
- City Attorney's Office (ATT)
- Introduced
- March 18, 2024
- On agenda
- April 10, 2024
- Enactment no.
- 24-0514; APPROVED
Where it was heard
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