The city of Charlotte, North Carolina, US, plans to re-bid the CityLYNX Gold Line Phase 2 project construction contract in September.
This move comes following completion of negotiations with the original bidders.?
In July, the city secured two bids for the Phase 2 construction contract.
The invitation for bid comprised the CityLYNX Gold Line Phase 2 aspect, as well as other planned city improvements along the corridor of Gold Line.
Among the improvements to be taken up include upgrades to traffic signals, stormwater, water and sewer, and aspects of the Frazier Avenue Comprehensive Neighborhood Improvement Project.
After reviewing the bids, it was determined that both bids had high costs, especially on traditional infrastructure items.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataEven the low bid for construction placed the CityLYNX Gold Line Phase 2 Project at $9.2m more than the $150m project budget.
The city plans to award a construction contract in November.