Description of Contract Being Renewed: Outside Roadway Reconstruction and Widening, Jane Addams Memorial Tollway Mile Post 65.5 to Mile Post 68.1.
This construction contract was originally advertised on 10/09/2014, IPB# 22034681. Bids were received on 11/13/2014. The contract was awarded to Plote Construction, Inc. / Dunnet Bay Construction Co. (JV) by the Tollway Board of Directors on 12/18/2014 via Board resolution 20540 in the amount of $71,104,729.18. The current contract expiration date is 12/23/2017. Additional time is required to settle claims, balance quantities, and complete closeout activities. This renewal is to extend the expiration date of the contract by one year to 12/23/2018.
There are no funds being added for this renewal. The $3,255,951.09 represents the remaining funds in the original contract that are for retainage and unpaid work. If additional funds are required they will be managed through the change order process.