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Tippecanoe County approves $3.47 million amendment to Avenue Inc. contract for Bridge 530 and Calvert & Yeager signal
Summary
Commissioners approved Amendment No. 1 to the Avenue Inc. agreement, finalizing two incomplete Phase 1 segments with guaranteed maximum prices of $2,271,000 (Bridge 530) and $1,200,000 (Calvert & Yeager signal) and completion dates in November and December.
Tippecanoe County commissioners approved Amendment No. 1 to an agreement with Avenue Inc. on July 20, finalizing two remaining Phase 1 segments of a construction program.
Doug explained the amendment sets a guaranteed maximum price (GMP) of $2,271,000 for Bridge 530, with a construction schedule targeting completion by November, and a GMP of $1,200,000 for the traffic signal at Calvert and Yeager, targeting completion by December. Together the two GMPs total $3,471,000.
A commissioner moved to approve the amendment and the chair seconded; the board approved the motion by voice vote.
