Title
Consider a resolution authorizing the Mayor to execute a Contract with Texas Materials for the 2019 Street Maintenance Progam (SMP) Arterials - University Blvd, Old Settlers Blvd, Sunrise Rd, and Red Bud Ln. Project.
Body
A total of four (4) sealed bids were received and opened on January 7, 2020 for the above referenced project. The bids ranged from $3,757,000.37 to $4,611,638.60. Texas Materials from Cedar Park, Texas, submitted the lowest bid in the amount of $3,757,000.37. The engineer's opinion of probable construction cost for this project was $4,013,603.50. Texas Materials successfully completed a similar project for the City within the last two years and has proven they are capable of performing the work.
Texas Materials: $3,757,000.37
Lone Star Paving: $3,823,536.85
Austin Materials: $4,028,341.74
Alpha Paving: $4,611,638.60
Cost: $3,757,000.37
Source of Funds: RR Transportation and Economic Development Corporation (Type B)