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Town of Prosper·Texas

Coit Road Paving and Drainage Improvements (Prosper Trail-1400' North of Frontier), CIP 2534-ST

Closes in 4 days$15M – $20MRequest for Proposal
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Description

The Town of Prosper is seeking a qualified contractor to design, furnish, and construct a four‑lane, ultimate six‑lane concrete roadway with curb, gutter, and underground drainage on Coit Road (Prosper Trail, 1,400 ft north of Frontier). The Engineer’s estimate is $18,742,316.68. The contract will require a 5 % bid bond or cashier’s check, a performance bond of 115 % of the contract amount, a payment bond of 100 %, and a maintenance bond of 100 % for two years after acceptance. All plans, specifications, and contract documents are available for review at the Town’s Engineering Department or online via IonWave. Proposals are due by 2:00 PM CT on 5 Nov 2026, with a mandatory question deadline of 12:00 PM CT on 26 Oct 2026. The successful contractor must mobilize within 10 days of notice to proceed and complete the work within the schedule defined in the bid documents. • Scope: full road construction (excavation, sub‑grade, concrete pavement, curb & gutter, drainage, sidewalks, median ramps, storm‑water infrastructure, signage, landscaping, irrigation). • Estimated contract value: ≈ $18.7 M. • Bonds required: 5 % bid bond, 115 % performance bond, 100 % payment bond, 100 % maintenance bond (2 yr). • Submission: electronic via IonWave or hard copy at Town Hall; proposal opening 3:00 PM CT on 5 Nov 2026 (Microsoft Teams). • Mandatory pre‑award documentation: bid bond, conflict‑of‑interest form, completed CIP reference worksheet, insurance certificates.

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Jay Carter(Purchasing Manager)

[email protected]

(972) 569-1018

Key dates

Opened
10/9/2026
Questions due
10/26/2026
Closes
11/5/2026

Last updated

Details

Type
Request for Proposal
Industry
Construction
NAICS
237310
Solicitation №
2026-24-B Addendum 1

Budget estimate

$15,000,000 – $20,000,000

The Engineer’s estimate for the project is $18,742,316.68. After accounting for typical contractor profit margins (5‑10 %) and potential change‑order adjustments, the net revenue to the winning contractor is likely to fall between $15 M and $20 M. The exact amount will depend on the final negotiated contract price, bond costs, and any retained insurance or performance guarantees.

AI estimate from the solicitation

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