TO: Mayor and City Council
FROM: Beth Beatty, City Manager
SUBJECT:
title
Award of Contract for the Richmond Street (Fairlane Drive - Sunset Strip) Roadway Improvement Project - MFT Section No. 24-00565-00-FP 2024 to PT Ferro Construction Co. in the amount of $540,786.10
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BACKGROUND:
The Mayor and City Council previously approved the 2024 Roadway Reconstruction Program. The Richmond Street (Fairlane Drive - Sunset Strip) Roadway Improvement Project - 2024 is part of this Program. This project was advertised on Thursday, May 23, 2024. The Public Service Committee will review this matter.
CONCLUSION:
On Friday, June 7, 2024, at 9:00 A.M., four (4) sealed bids were received for the Richmond Street (Fairlane Drive - Sunset Strip) Roadway Improvement Project - 2024. The bid summary is as follows:
The low bid by PT Ferro Construction Co., in the amount of $540,786.10, is 19.09% below the engineer’s estimate.
Sufficient funds exist utilizing The Motor Fuel Tax Fund / Roadway Reconstruction Richmond Street (Org 20090270, Object 557200, Project 24025, $539,786.10) and Property Owner Improvement Fund (Org 10090000, Object 524300, Project 24025, $1,000.00).
RECOMMENDATION:
recommendation
Based on the above, it is recommended that the Mayor and City Council award the Richmond Street (Fairlane Drive - Sunset Strip) Roadway Improvements Project - 2024, in the amount of $540,786.10, to PT Ferro Construction Co.
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