City of Rancho Santa Margarita Staff Report Notice of Completion for the Santa Margarita Parkway Pavement Rehabilitation Project 2026-06-24
Santa Margarita Parkway paving contract finalized with Onyx
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Description
The City of Rancho Santa Margarita previously awarded a $987,000 construction contract to Onyx Paving Company, Inc. for the FY 25-26 Santa Margarita Parkway Pavement Rehabilitation Project, with a final contract amount of $914,467.59. Staff now recommends accepting the project as complete, filing a Notice of Completion, and releasing the $45,723.38 retention after statutory deadlines pass.
Contract Details
Contract Amount
$987,000.00 (final contract amount $914,467.59; retention $45,723.38)
Vendor
ONYX PAVING COMPANY INC
Agency
City of Rancho Santa Margarita, CA
Contract Type
CONSTRUCTION
Document Date
June 24, 2026
Renewal Info
Retention monies are to be released thirty-five (35) days after recordation of the Notice of Completion if all Stop Notices and potential claims are resolved. No formal renewal options are described as this is a one-time construction contract.
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