With all the construction inflation hitting NCDot, how did the bids compare to estimate?
The lowest bid on the beltway came in 2.7% over estimates ($6.9 million). I'm assuming there's some sort of threshold, because it was still awarded, and probably some exceptions are made. For example, the lowest bid for the Green River bridge rehab on I-26 came in 48.8% ($8.8 million) over estimates earlier this year, likely due to the increasing cost of steel. The contract was awarded anyway.
I have noticed several projects lately where all bids were rejected and the project was relet after the engineer's estimate was revised (Dare project R-5014 in the latest let is one example).
A few million here, a few million there... it adds up and delays other projects, which are also going up in cost....
12/21/2021 Letting Northern Beltway, Dare relet
12/7/2021 Letting Brunswick NC 211 (awarded, $24.8 million over estimate)
10/19/2021 Letting Dare rejected, Polk relet
3/16/2021 Letting Henderson/Green River