Contract E1
From East of Beltway 8 to east of Campbell
Bid Amount $204 Million
Total Project Duration 1,186 days
Incentives/Disincentives
| Milestone |
Milestone Duration (Days) * |
Max. Days Allowed for Early Completion |
Daily Incentive Amount |
Daily Disincentive Amount |
Milestone Started |
Milestone Completed |
Monetary Value |
Milestone 1: Complete all work necessary for the I-10 westbound mainlane switch. |
254 |
30 |
($60,000 per day for 30 days)
Maximum $1,800,000 |
($60,000 per day) |
03/01/2005 |
10/29/2005
|
$1,800,000** |
Milestone 2: Complete all work necessary for the HOV switch. |
53 |
20 |
($10,000 per day for 20 days)
Maximum $200,000 |
($10,000 per day) |
10/31/2005 |
12/08/2005 |
$200,000** |
Milestone 3: Complete all work necessary for the I-10 eastbound mainlane switch. |
319 |
10 |
($30,000 per day for 10 days)
Maximum $300,000 |
($30,000 per day) |
01/02/2006 |
12/11/2006 |
$300,000** |
Milestone 4: Complete all work necessary for the new I-10 westbound frontage road. |
405 |
20 |
($20,000 per day for 20 days)
Maximum $400,000
|
($20,000 per day) |
06/04/2007 |
Target Date
09/11/2008 |
|
Milestone 5: Complete all Interim Striping (Substantial Completion). |
518 |
40 |
($60,000 per day for 40 days)
Maximum $2,400,000 |
($60,000 per day) |
12/08/2006 |
06/30/2008
|
$2,400,000** |
Milestone 6: Administrative work to close out project. |
1186 |
0 |
NA |
$1,650 |
03/01/2005 |
Target Date
11/11/2008 |
|
Interim Milestone A: Close/reopen the I-10 eastbound Gessner Entrance Ramp. |
77 |
30 |
($10,000 per day for 30 days)
Maximum $300,000 |
($10,000 per day) |
11/12/2007 |
01/04/2008 |
$300,000** |
Interim Milestone B: Close/reopen the I-10 eastbound Blalock Entrance Ramp |
27 |
10 |
($10,000 per day for 10 days)
Maximum $100,000 |
($10,000 per day) |
10/27/2007 |
11/07/2007 |
$100,000** |
Interim Milestone C:
Close/reopen the I-10 westbound Blalock Entrance Ramp. |
62 |
20 |
($10,000 per day for 20 days)
Maximum $200,000 |
($10,000 per day) |
05/30/2008 |
05/31/2008
|
$200,000** |
Interim Milestone D: Close/reopen the I-10 westbound Gessner Exit Ramp. |
23 |
15 |
($10,000 per day for 15 days)
Maximum $150,000 |
($10,000 per day) |
06/07/2008 |
06/07/2008 |
$150,000** |
Interim Milestone E: Complete all work necessary for the I-10 eastbound Frontage Road west of Gessner. |
20 |
10 |
($10,000 per day for 10 days)
Maximum $100,000 |
($10,000 per day) |
11/05/2007 |
04/13/2008 |
$100,000** |
Early completion |
7/31/2008 |
|
$2,500,000 |
|
|
|
|
* Does not include weather delays, time-suspensions, float-days or holidays. Calculation is based on contractors’ work days not actual calendar days.
** Incentive earned by contractor.
*** Disincentive assessed to contractor.
|
