Title
Action on Resolution 21-015, a Resolution Awarding Bids on 2021-07STI Freight On Board Asphalt Material.
Body
Summary:
The City held a bid letting on Tuesday, February 16, 2021 for the 2021-07STI Freight On Board Asphalt Material. Bowes Construction, Inc. submitted a bid of $74,337.50, which is approximately 15% lower than the Engineer’s Estimate of $87,800.00. The decrease is due to oil prices being lower than anticipated this year.
The budget for the asphalt material is $70,000. Since the asphalt material is paid for by the ton of mix, City staff will adjust how much material they pick up to stay within the budgeted amount.
This resolution will award the bid for 2021-07STI, Freight On Board Asphalt Material to Bowes Construction Inc. for the low bid of $74,337.50.
Recommendation
Recommendation:
Staff recommends approval.
Body2
Attachments:
Memo
Resolution