Contract B
I-10 East of Grand Parkway to West of SH 6
Bid Amount $208 Million
Total Project Duration 930 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: Overall project completion. |
930 |
0 |
N/A |
($5,000 per day) |
06/10/2003 |
|
|
Milestone 2: Completion of I-10 mainlanes over N. Westgreen and S. Greenhouse. |
173 |
30 |
($15,000 per day for 30 days)
Maximum $450,000 |
($15,000 per day) |
02/18/2004 |
07/31/2004
|
$450,000** |
Milestone 3: Completion of I-10 mainlanes over Fry Rd. and Park Ten Blvd. |
234 |
30 |
($10,000 per day for 30 days)
Maximum $300,000 |
($5,000 per day) |
10/11/2004 |
06/06/2005 |
$300,000** |
Milestone 3A*: Closure/Reopening of I-10 cross street at Fry Road |
109 |
30 |
($50,000 per day for 30 days)
Maximum $1,500,000 |
($50,000 per day) |
01/11/2005 |
03/25/2005 |
$1,500,000** |
Milestone 4: Completion of I-10 mainlanes over Mason Rd. and Barker-Cypress Rd. |
195 |
30 |
($10,000 per day for 30 days)
Maximum $300,000 |
($5,000 per day) |
09/06/2005 |
03/17/2006 |
$300,000** |
Milestone 4A*: Close/Reopen
I-10 cross street at Mason Rd. |
105 |
30 |
($50,000 per day for 30 days)
Maximum $1,500,000 |
($40,000 per day) |
11/01/2005 |
01/13/2006 |
$1,500,000** |
Milestone 4B*: Close/Reopen
I-10 cross street at Barker Cypress. |
88 |
30 |
($50,000 per day for 30 days)
Maximum $1,500,000 |
($30,000 per day) |
11/18/2005 |
01/24/2006 |
$1,500,000** |
* 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.
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