24-54
A RESOLUTION AUTHORIZING THE CITY MANAGER TO ENTER INTO A CONTRACT WITH PERRAM ELECTRIC, INC. AND INCREASE FUNDS FOR THE ADAPTIVE TRAFFIC SIGNAL PROJECT (PID 116924); AND DECLARING AN EMERGENCY. Brief Description: Bids were received on April 16, 2024, with the lowest bid being $3,121,000. The City’s Engineer’s Estimate on this project was $2,520,078.85. Per Federal Highway Administration (FHWA) and Ohio Department of Transportation (ODOT) guidelines, the Engineer’s Estimate is able to be corrected when, after bids are received, and it is discovered that the unit cost of certain item(s) have been understated in the Engineer's Estimate. In accordance with FHWA & ODOT guidelines, the correct Engineer’s Estimate is now $3,121,000. Staff is now requesting permission to increase funding for the Adaptive Traffic Signal project based upon the corrected Engineer’s Estimate.
What this record is
- Held by
- FHWA & ODOT
- Amount
- $3.12M
- Runs until
- no end date published in this record
- Type
- contract
- Field
- Construction
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- City Council
- Requested by
- Engineering Department
- Introduced
- April 18, 2024
- On agenda
- May 7, 2024
- Passed
- May 7, 2024