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Awarded contract·Department of University Procurement at Eastern Kentucky University·Kentucky

Trade Services - Excavation

Won by Lagco Inc.$750kSingle Award
Contract source

Awarded vendors

  • Lagco Inc.

Description

The Department of University Procurement at Eastern Kentucky University is seeking qualified companies to provide excavation services as needed for the University. The contract has an initial term of two years, with the option to renew for up to three consecutive one-year periods. The total contract period will not exceed five years. The successful bidder will be required to provide labor, materials, equipment, and services necessary to perform the excavation services. • The contract is non-exclusive, and the University reserves the right to award the bid in part or in whole and to award multiple vendors. • The University requires bidders to review the "EKU Trade Services Info. Sheet" and the "EKU Solicitation Instructions and Conditions" document. • The contract includes service line items such as laborer - weekday, laborer - Saturday, laborer - Sunday, and laborer - holiday. • The contract has a payment term of net 30 days.

Attached files

Key dates

Starts
11/2/2022
Ends
11/30/2024Renews
Duration
2 years

Last updated

Details

Award type
Single Award
Industry
Construction
NAICS
238910
Solicitation №
ITB-272-2023

Contract value

$750,000

The contract value is not explicitly stated in the document. However, based on the hourly rates provided in the award document, we can estimate the contract value. The hourly rates for laborers are $75.00 for weekday, $110.00 for Saturday, $150.00 for Sunday, and $150.00 for holiday. Assuming an average of 40 hours per week, and 52 weeks per year, the total labor cost per year would be approximately $156,000. For a two-year contract, the total labor cost would be approximately $312,000. Adding other costs such as equipment, materials, and overhead, the total contract value could be estimated to be around $500,000 to $1,000,000.

AI estimate from the award documents

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