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  5. ›ITB 2026-17 Panacea Overflow Parking Lot Resurfacing

Awarded contract·Wakulla County·Florida

ITB 2026-17 Panacea Overflow Parking Lot Resurfacing

Won by Capital Asphalt Inc.$250kAwarded 9/9/2026Single Award
Contract source

Awarded vendors

  • Capital Asphalt Inc.

Description

The Wakulla County Board of County Commissioners awarded an Invitation‑to‑Bid (ITB 2026‑17) to Capital Asphalt Inc. for the resurfacing of the Panacea Overflow Parking Lot. The work includes milling existing driveways, placing a 1‑inch Superpave asphalt lift on the driveways and parking lot, and applying comprehensive thermoplastic striping (white and blue markings, accessible symbols, and arrows). An optional alternate for paving access to the Otter Creek Wastewater‑Treatment Plant was also included, requiring a separate Basis of Bid. The solicitation was a competitive sealed‑bid process with a $250,000 budget ceiling, a 90‑day pricing validity period, and performance/bond requirements of 100 % of the contract amount. Key timelines: bid submission due August 13 2026, intended award posted August 17 2026, and final award posted September 9 2026. The contract mandates liquidated damages of $750 per day after the 45‑day substantial‑completion deadline and requires the contractor to hold appropriate insurance and submit performance and payment bonds within 15 days of award.

Attached files

Key dates

Bids closed
8/13/2026
Intent to award
9/9/2026
Awarded
9/9/2026
Contract modified
9/9/2026
Duration
60 days

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Construction
NAICS
237310
Solicitation №
ITB 2026-17

Contract value

$250,000

The solicitation’s “General Overview” section explicitly states a total budget of $250,000 for the primary scope (including the optional alternate if awarded). No other monetary figure appears in the addenda. Therefore the contract’s value can be reasonably estimated at the full budget ceiling of $250,000. This estimate assumes the award will not be significantly lower than budgeted, given the competitive nature of the bid and the lack of any noted reductions.

AI estimate from the award documents

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