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  5. ›Libbie Avenue Road Diet

Henrico County·Virginia

Libbie Avenue Road Diet

Closes 8/18/2026$3.5M – $4MInvitation for Bid
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Description

The County of Henrico has released a preliminary bid tabulation for the Libbie Avenue Road Diet, a roadway improvement project. Sagres Construction Corporation submitted the sole bid totaling $3,731,245.98. Results are preliminary pending compliance review. • Total bid amount: $3,731,245.98 submitted by Sagres Construction Corp. • Project is a road “diet” (reconfiguration) likely involving lane reductions, pavement work, and related civil improvements. • Only one vendor listed; no competition shown in the excerpt, and award has not yet been made. • Receipt and opening of bids both occurred on August 18, 2026 at 3:00 p.m.; no additional dates (pre‑bid, site visit, award) are provided. • Contact for further information is the County Purchasing Division (phone (804) 501‑5660).

Attached files

Contact

(804) 501-5660

Key dates

Opened
10/3/2026
Closes
8/18/2026

Last updated

Details

Type
Invitation for Bid
Industry
Construction
NAICS
237310
Solicitation №
26-2940-3EAR

Budget estimate

$3,500,000 – $4,000,000

Based on the sole bid amount of $3,731,245.98, the contract value is expected to be in the mid‑$3‑million range. Assuming typical contractor overhead and profit margins (10‑20 %), the client could anticipate earnings roughly between $3.5 million and $4 million. Factors influencing the final budget include any change orders, scope adjustments, and possible competition if additional bidders emerge.

AI estimate from the solicitation

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