RFB No. 2025-0091-B for Arterial Overlay - 2025, Project No. PW-S-00022, for the Public Works Department to Jagoe-Public Company in the amount of $6,370,479; and authorizing the City Manager to execute all necessary documents. Approved

Public Works recommends the bid for Arterial Overlay - 2025 Project No. PW-S-00022 be awarded to Jagoe-Public Company, in the amount of $6,370,479; and to be accepted as the lowest responsive and responsible bid for the project, conditioned upon timely execution of all necessary documents. A total of 1,395 vendors were notified of the bid, three (3) submitted a "No Bid" and two (2) bids were submitted.

This project is to furnish and install a thin asphalt overlay on two arterial road sections: Alma Drive (between Parker Road and Hedgcoxe Road) and Independence Parkway (between Spring Creek Parkway and SH 121). It also allows for the repair of 1,500 square yards of arterial concrete in the project scope areas. Installation of the thin asphalt overlay requires specialized equipment that the City does not currently own, have the space to store, or have the staff trained to operate and maintain.

If this project is not awarded, the overlay will not occur. This will result in increased repair and maintenance costs in the future, and the existing riding surface will remain unimproved.

The Engineer's Estimate for this project is $6,800,000.

Funding for this item is budgeted in the 2024-25 Street Improvements CIP.  Construction services for Arterial Overlay - 2025 Project No. PW-S-00022, in the total amount of $6,370,479, will leave a balance of $1,629,521 for future expenditures.

Approval of this item will support the City's Strategic Plan Critical Success Factor of being an Excellent, Innovative, and Accountable City Government.