Contingency for Fallwell Lane Project Raised for Posillico Civil
Trusted by teams at
Description
The Austin City Council approved an amendment to the construction contract with Posillico Civil, Inc., authorizing an additional contingency increase of $3,337,139 for the Fallwell Lane Capital Renewal Project. The total contract amount now not to exceed $27,809,496, allowing for anticipated change orders and project acceleration. Council action ensures compliance with grant timelines and supports infrastructure resilience.
Contract Details
Contract Amount
$3,337,139 (increase); revised total not to exceed $27,809,496
Vendor
POSILLICO CIVIL INC
Agency
City of Austin city, TX
Contract Type
CONSTRUCTION
Document Date
May 21, 2026
Renewal Date
2027-01-31
Renewal Info
Original contract authorized 07/24/25 ($22,247,597 + $2,224,760 contingency), first change order 03/03/26 ($3,506), amended on 05/21/26 with increased contingency; contract may be further changed if additional change orders occur.
More from POSILLICO CIVIL INC
More from City of Austin city
City of Austin Agreement Paying Agent/Registrar Agreement 2026-07-15
Interlocal Agreement for Automatic Aid for Emergency Medical Services 2027-09-30
Interlocal Agreement for Automatic Aid for Emergency Medical Services 2027-09-30
Interlocal Agreement for Automatic Aid for Emergency Medical Services 2027-09-30
Interlocal Agreement for Automatic Aid for Emergency Medical Services 2027-09-30
Get alerts on contract renewals, new awards, and vendor activity.
See live SLED buying signals, source docs, decision-makers, contract context, and the next step into your CRM or pipeline.