This was published on Page One a bit ago but is worth sharing here.
The Transportation Cabinet announced earlier today that three professional teams will compete to build the I-65 bridge and interchange in Louisville. According to the release, nearly 500 people are registered for the March 1 pre-bid conference at the Kentucky International Convention Center.
From a release:
The Request for Qualifications (RFQ) seeks design-build teams of bridge- and road-building professionals that will be judged on their proven experience, innovative ideas, inclusion of minorities and women in the workforce and ability to deliver the best value on schedule.
This meeting is mandatory for contractors who intend to be the lead of a design-build team. However, every company interested in bidding on the project should send a representative.
Under the RFQ, all teams will be required to submit their qualifications by April 2 and the cabinet will select the three competing finalists by April 16. Teams will spend the summer developing specific proposals that will include innovative concepts, technical designs and cost details.
The schedule calls for the winning team to be selected in October, allowing preliminary construction work to begin before year’s end. The massive construction project – which includes a new downtown I-65 bridge, overhauling the existing Kennedy Bridge, rebuilding the downtown Louisville interchange and new interstate connections in southern Indiana – is scheduled for completion on or before June 30, 2018.
To spur competition among the finalists, KYTC will offer $1.5 million stipends to the two teams not selected for the project. KYTC will retain all innovative concepts developed by the teams for possible use by the selected bidder. This best-practice approach has been used successfully in other states to lower overall project costs, spur innovation and speed construction.
You catch that?
They’re giving away $3 million worth of taxpayer funds to the two teams that don’t win.