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Contract recommended for Wagon Works Way; bid came in $686,000 under budget
Summary
The committee recommended approval of a contract with Fisher Excavating for Wagon Works Way; staff said the favorable bid returned roughly $686,000 below budget and recommended a higher 6% contingency because of possible remediation surprises.
Staff described R111, a contract with Fisher Excavating Inc. to build a new roadway (Wagon Works Way) including utility work. The bid results came back significantly below budget—about $686,000 under—largely because remediation estimates were lower than anticipated.
Because excavation can reveal unforeseen conditions, staff recommended carrying a 6% contingency rather than the typical 3%. The work is part of a TID 8 development and the committee voted to recommend the contract to council by voice vote.
