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Three bids exceed estimate for proposed elevated water tank; council schedules special meeting for financing review
Summary
The town received three bids for a proposed elevated water tank that were substantially higher than the engineer’s earlier estimate. Council members requested further due diligence and agreed to convene a special meeting to examine financing options before any contract award.
Council reviewed recently received bids for a proposed elevated water tank that will support future municipal water service and fire suppression. The apparent low bid and two higher bids were substantially above the town’s professional estimate; council members requested additional analysis and scheduled a special call meeting to examine funding options and bid qualifications.
Why it matters: The tank is a major capital…
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