Approval of Cost Reduction for Southeast Wellfield Water Facility

Original title: Approve Change Order 002 (Deductive) to Guaranteed Maximum Price GMP-3 with Florida Water Partners for the Southeast Wellfield Water Production Facility (Action)

Record date · November 19, 2025

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What This Bill Does

The Polk Regional Water Cooperative is moving to approve a for the Southeast Wellfield Water Production Facility project. This action reduces the previously agreed-upon maximum price for the construction contract with Florida Water Partners.

Why it matters

This action formally decreases the total project cost for the Southeast Wellfield Water Production Facility, which is funded by the Polk Regional Water Cooperative.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Polk Regional Water Cooperative

The cooperative is the agency responsible for managing the contract and the project budget.

Directly affected

Florida Water Partners

The firm is the contractor whose project scope and maximum compensation are being adjusted by this change order.

Key Facts

The Polk Regional Water Cooperative is approving Change Order 002 for the Southeast Wellfield Water Production Facility.
The change order is classified as 'deductive,' meaning it reduces the total project cost.
The change order applies to the Guaranteed Maximum Price (GMP-3) contract.
Florida Water Partners is the contractor involved in this agreement.

Show all 5 facts

The file number for this administrative action is 25-2080.

Frequently Asked Questions

What is a 'deductive' change order?

A is a formal agreement that reduces the scope of work or costs associated with a construction contract, resulting in a lower total price.

What is a Guaranteed Maximum Price (GMP)?

A GMP is a contract type where the contractor is paid for actual costs plus a fee, subject to a ceiling price; the contractor is responsible for cost overruns above this amount.

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