In plain language — from the agenda backup

This adds $297,010 in contingency funding to MA Smith Contracting Co.'s construction contract for intersection improvements at 7th Street and Springdale Road in East Austin, bringing the contract ceiling to $2,475,085. Contingency dollars are the cushion crews draw on when a construction site turns up surprises, so topping it off keeps work on the intersection moving without pausing for another council approval. The money comes from Austin Transportation and Public Works' existing Capital Budget.

The official agenda language

Authorize additional contingency funding for the construction contract for the 7th Street and Springdale Road Intersection Improvements Project for Austin Transportation and Public Works with MA Smith Contracting Co., Inc., to increase the contract contingency by $297,010, for a revised total contract amount not to exceed $2,475,085. Funding: $297,010 is available in the Capital Budget of Austin Transportation and Public Works.

transitbudget

"Hearing none without objection. The consent agenda is adopted." — meeting transcript (unofficial)

Agenda PDF Legistar Official votes