Retainage Reduced for Gadberry Construction Electrical Room Project
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Description
The Tarrant Regional Water District approved a reduction in retainage to 5% ($415,259.96) of the contract price with Gadberry Construction for electrical room cooling improvements at the Richland-Chambers High-Capacity Pump Station. The board found satisfactory progress at the 50% completion point and received surety consent.
Contract Details
Contract Amount
$415,259.96 (retainage, 5% of contract price), total contract price $8,305,199.13
Vendor
GADBERRY CONSTRUCTION
Agency
TARRANT REGIONAL WATER DISTRICT A WCID, TX
Contract Type
CONSTRUCTION
Document Date
June 16, 2026
Renewal Info
Retainage percent adjusted on reaching 50% completion. Further retainage updates per change orders as needed.
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Issuing Agency
Utility District
Fort Worth, TX
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