Indianapolis Airport demolition bids come in way under budget.
As the UK economy braces for the news that the five-year roller coaster ride has taken another nosedive to take us into what pundits have labelled a “triple-dip” recession, we are constantly told how our cousins across the Atlantic ducked in and ducked out of recession and are now once again on the gold-lined path to economic stability and prosperity.
But, based upon the latest news emerging from Indianapolis, it appears that the memo heralding the return to days of wine and roses has not yet filtered down through the American demolition ranks.
According to local news reports, a budget of $11.3 million had been set aside by the Indianapolis Airport Authority for the demolition of Indianapolis International Airport.
But the total project cost – including a 17-percent contingency for unforeseen problems – will be just $5.7 million, according to an airport staff memo about bids received early this year.
The airport authority board will vote today on the recommended contracts. Airport staff recommend the low bidder, Veit USA for the main demolition contract. Veit USA bid about $4 million. That would cover all buildings and slabs, as well as basements under the former “C” and “D” concourses, according to an airport authority memo.
The airport received 13 bids ranging from $3.5 million to $9.7 million on the demolition contract. The initial lowest bid was thrown out because of the bidder’s math error.
Read more here.
