Old Pueblo Track Works is Low Bidder for Modern Streetcar
January 18, 2012
The apparent low bidder for the Modern Streetcar Project is Old Pueblo Track Works with a bid of $55,875,115. The Engineers’ Estimate for this project is $62,455,529.
The City opened bids on January 17.
The apparent low bid contractor will not be recognized as the official low bidder until all required documents, such as bonds, insurance and subcontractor lists, have been received and determined to be in compliance with solicitation requirements.
In accordance with City Procurement Code, bids received for this solicitation were opened in no particular order, publicly read aloud and recorded. At the conclusion of the last bid read, the Engineers’ Estimate was publicly opened and read. The Engineers’ Estimate is the City’s estimation of total construction costs, taking into account prevailing market conditions for labor and materials.