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When the former bridge closed, engineers estimated that a replacement would cost approximately $19.5 million. However, by 2004, estimates climbed $29.5 million. When planners received construction bids in 2006, the lowest was $44.1 million. Cost overruns, design changes and inspections added another $10 million to the structure's final cost. [6]
At the time the winning project was announced, it was proposed for construction to take place from 2018 to 2020 at a cost of $120 million. [ 10 ] In July 2019, the project was renamed the "North Market Mixed-Use Project", the tower's height was reduced to 26-28 stories, with an added hotel, and a total cost of $192 million.
The selection of the construction firms to build the ballpark was a contentious issue. On November 5, 2007, Lithko Contracting of Hamilton filed suit against Franklin County. At issue was the fact that the contract for pouring concrete was awarded to Baker Construction despite Lithko's bid coming in $17,500 lower. [ 12 ]
WASHINGTON (Reuters) -U.S. single-family homebuilding increased to a 10-month high in December, indicating that construction activity regained some momentum at the end of the year, though rising ...
Bid solicitation is the process of making published construction data readily available to interested parties, including construction managers, contractors, and the public. There are several services, including government entities and private plan rooms, that allow project owners to release project details to solicit and obtain contractor bids.
Constellation is buying natural gas and geothermal power provider Calpine for $16.4 billion, joining together two of the country's biggest power companies. The acquisition would create the nation ...
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