The Crain Avenue bridge, aka Fairchild Avenue bridge, is a Portage County bridge replacement project that is being managed by ODOT and funded using federal, state, county and city funds — so when the bids were opened and the price came in $3.9 million less than budgeted, the City stands to save a sizeable chunk from our share of the project. With money being as tight as it is, any savings is good news, but multi-million dollar savings is great news. This is actually the third capital project bid that came in under budget this year — so I guess there is some silver lining to the slow construction market — our projects are costing us less which means we can do more with our limited funds.
Since it is capital money, the savings can’t really be used to pay operating expenses like salaries, but it will hopefully mean we can do more capital work than we previously thought possible given our funding limits. The City’s Engineering Division is busy updating the City’s Capital Plan for presentation to City Council in August and I know that they’re trying to calculate the City’s share of the bridge savings in consideration of other capital needs.
Here’s an update on the bridge costs that I sent to City Council with a few more of the details:
Jim and Gene report that ODOT has opened the bids for the Fairchild/Crain Avenue Bridge project and the bids came in 22.43% below the ODOT estimate for construction. The last construction estimate from ODOT estimate for construction was $17,613,000 but the low bidder, Beaver Excavating out of Canton, OH, bid price came in at $13,662,056. That works out to be a savings of $3,950,943.
The tight economy has obviously made competition for construction work pretty fierce and the tax payers are the beneficiaries of it. This is great news and as we prepare our 2010 Capital Plan Budget we’ll reflect the revised dollar amount which should also give us a little more flexibility to fund other capital needs from our share of the cost savings.
If you’d like to read more details on the Crain/Fairchild Avenue bridge here’s the ODOT project information:
Project Number: 091058
PID Number: 18466
Letting Date: 6/24/2009
Description: POR – LR-CRAIN AVENUE
And here’s the bid let RESULTS..
Here’s a short list of some other recent City project bid award results:
Stonewater Road Extension:
Estimate – $1,036,000….Low bid…$702,956.9…32% lower than the estimate.
Cherry Middlebury Waterline:
Estimate – $392,000….Low Bid…..$224,903.80….43% lower than the estimate.
And here’s a quick link to the City’s 2009 Capital Plan which we are currently updating and preparing to the 2010 CAP to present to Council in August.
And if you want to check out the status of the construction projects in the capital plan go to the Engineering Capital Projects Page.