Bid spread on hospital demolition proves the era of undercutting is far from over.
The company that received the contract from the city of Indianapolis to demolish the Keystone Towers apartment complex also has submitted the low bid to raze the former Winona Hospital.
Indianapolis-based Denney Excavating submitted a bid of $695,289 to demolish the Winona building.
Overall, the city received nine bids, which were due on Tuesday. Dore and Associates of Bay City, Mich., submitted a high bid of $3.8 million.
The city is set to award a contract on Thursday. The successful bidder will have 90 days to complete the demolition and clean up of the site.
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