TO: Mayor and City Council
FROM: Beth Beatty, City Manager
SUBJECT:
title
Award of Contract for the 2024 Resurfacing Contract B - MFT Section No. 24-00567-00-RS to PT Ferro Construction Co. in the Amount of $2,019,296.84
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BACKGROUND:
The Mayor and City Council previously approved the 2024 City of Joliet Budget. The 2024 Resurfacing Contract B is a part of this budget. The project was advertised on Thursday, October 10, 2024.
The Public Service Committee will review this matter.
CONCLUSION:
On October 29, 2024, at 10:00 A.M., four (4) sealed bids were received for the 2024 MFT Resurfacing Contract B. The bid summary is as follows:
CONTRACTOR BID AMOUNT
P. T. Ferro Construction Co. $2,019,296.84
Gallagher Asphalt $2,079,998.98
Austin Tyler Construction $2,127,244.83
D Construction $2,362,565.15
Engineer’s Estimate $2,187,247.00
The low bid by PT Ferro Construction Co., in the amount of $2,019,296.84, is 7.68% below the engineer’s estimate. Sufficient funds exist utilizing the Motor Fuel Tax Funds / Infrastructure (Org 20090270, Object: 557200, $2,019,296.84).
RECOMMENDATION:
recommendation
Based on the above, it is recommended that the Mayor and City Council award the 2024 Resurfacing Contract B, in the amount of $2,019,296.84, on behalf of PT Ferro Construction Co.
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