Contract F
I-10/I-610 Interchange and I-610 from South of Post Oak Blvd. to North of Old Katy Road
Bid Amount $263 Million
Total Project Duration 1,359 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 median rehab work for transition to rehabilitated median in adjoining project. |
50 |
0 |
N/A |
($5,000 per day) |
10/01/2003 |
11/24/2003
|
N/A |
Milestone 2: Complete all southbound mainlane work necessary for transition to southbound area in adjoining project. |
219 |
0 |
N/A |
($30,000 per day) |
12/01/2003 |
08/01/2004 |
N/A |
Milestone 3: Complete all median area work necessary for transition to median area in adjoining project. |
123 |
0 |
N/A |
($30,000 per day) |
08/02/2004 |
12/05/2004 |
N/A |
Milestone 4: Complete all northbound mainlane work necessary for transition to northbound area . |
260 |
0 |
N/A |
($30,000 per day) |
12/18/2004 |
08/15/2005 |
N/A |
Milestone 5: Complete all I-610 work to substantial completion. |
494 |
90 |
($75,000 per day for 90 days)
Maximum $6,750,000 |
($75,000 per day) |
08/16/2005 |
09/27/2006 |
$6,750,000** |
Milestone 6: Complete all work (I-610 and I-10) to substantial completion. |
133 |
30 |
($75,000 per day for 30 days)
Maximum $2,250,000 |
($75,000 per day) |
09/28/2006 |
12/31/2006
|
$2,250,000** |
Milestone 7: Final acceptance; traffic in final configuration. |
1359 |
0 |
N/A |
($1,900 per day) |
10/01/2003 |
09/11/2007 |
N/A |
Interim Milestone 8-1: North Post Oak Bridge/intersection traffic shift from 2 lanes to 4 lanes. |
238 |
45 |
($30,000 per day for 45 days)
Maximum $1,350,000 |
($30,000 per day) |
05/22/2004 |
12/14/2004 |
$1,350,000** |
Milestone 8-2: Close/reopen
I-10 westbound exit to Silber Road. |
49 |
0 |
N/A |
($5,000 per day) |
01/28/2005 |
03/19/2005
|
N/A |
Interim Milestone 8-3: Close/reopen Direct Connector E. |
24 |
10 |
($5,000 per day for 10 days)
Maximum $50,000 |
($5,000 per day) |
12/08/2004 |
12/21/2004 |
$50,000** |
Interim Milestone 8-4: Close/reopen Direct Connector C. |
83 |
20 |
($30,000 per day for 20 days)
Maximum $600,000
|
($30,000 per day) |
03/19/2006 |
05/20/2006
|
$600,000** |
Interim Milestone 8-5: Close/reopen I-610 SB exit to Post Oak Blvd. |
60 |
20 |
($20,000 per day for 20 days)
Maximum $400,000 |
($20,000 per day) |
04/24/2004 |
05/18/2004
|
$400,000** |
* 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.
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