TO: Mayor and City Council
FROM: Beth Beatty, City Manager
SUBJECT:
title
Award of Contract for the Broadway Street Roadway Project - MFT Section No. 23-00557-00-FP to PT Ferro Construction Co. in the amount of $1,247,095.87
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BACKGROUND:
The Mayor and City Council previously approved the 2023 City of Joliet Budget. The Broadway Street Roadway Project - MFT Section No. 23-00557-00-FP is part of this budget. The project was advertised on Thursday, January 11, 2024. The Public Service Committee will review this memo.
CONCLUSION:
On January 26, 2024, at 10:30 A.M., four (4) sealed bids were received for the Broadway Street Roadway Project - MFT Section No. 23-00557-00-FP. The bid summary is as follows:
CONTRACTOR BID AMOUNT
PT Ferro Construction Co. $1,247,095.87
Austin-Tyler Construction, Inc. $1,727,246.79
D Construction, Inc.** $1,922,690.00
Len Cox & Sons, Inc. $2,366,336.00
Engineer’s Estimate $1,287,511.00
** The bid from D Construction, Inc. has been corrected as calculated by unit prices from the as read amount of $1,927,690.00.
The low bid by PT Ferro Construction Co. in the amount of $1,247,095.87, is 3.14% below the engineer’s estimate. Sufficient funds exist utilizing the Motor Fuel Tax Fund / Infrastructure (Org 20090270, Object 557200, $653,974.27), the Special Service Area Fund (Org 23020240, Object 557200, $15,079.60) and the Water & Sewer Fund / Watermain Replacement (Org 50180012, Object 557200, $578,042.00).
RECOMMENDATION:
recommendation
Based on the above, it is recommended that the Mayor and City Council award the Broadway Street Roadway Project - MFT Section No. 23-00557-00-FP, in the amount of $1,247,095.87, on behalf of PT Ferro Construction Co.
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