AlexRenew Regular Board of Directors Meeting Agenda 2026-05-19
Nichols Contracting Receives Elevator Replacement Change Order
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Description
AlexRenew Board authorized a change order of $880,545 to Nichols Contracting Incorporated to replace the elevator in Building L after damage caused by a glycol leak. The amended contract increases the overall project from $3.56 million to $3.73 million.
Contract Details
Contract Amount
$880,545 (change order); revised contract total: $3,730,545
Vendor
NICHOLS CONTRACTING INCORPORATED
Agency
Alex Renew, VA
Contract Type
CONSTRUCTION
Document Date
May 19, 2026
Renewal Info
Original contract awarded December 2024 at not-to-exceed $3,562,500 (including CEO change order authority); this change order increases value by 31%. Future insurance reimbursement may offset costs.
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