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Awarded contract·Florida Department of Transportation (FDOT)·Florida

Traffic Signal Maintenance & Compensation

Won by Bay County$3.2MSingle Award
Contract source

Awarded vendors

  • Bay County

Description

The Traffic Signal Maintenance and Compensation Agreement between the Florida Department of Transportation (FDOT) and Bay County, Florida, outlines the terms and conditions for the maintenance and operation of traffic signals on the State Highway System within unincorporated areas of Bay County. The agreement includes provisions for reimbursement of operation and maintenance costs, inspection and maintenance requirements, and payment processing. The agreement is effective for a period of 20 years, from July 1, 2015, to June 1, 2035. Key aspects of the agreement include: * The FDOT is responsible for installing traffic control signals on the state highway system. * Bay County is responsible for the operation and maintenance of these signals. * The FDOT will reimburse Bay County for operation and maintenance costs. * The agreement includes provisions for inspection and maintenance requirements. * The agreement outlines payment processing procedures. Some key points to note are: * The agreement is for a period of 20 years. * The FDOT will reimburse Bay County for operation and maintenance costs. * The agreement includes provisions for inspection and maintenance requirements. * The agreement outlines payment processing procedures. This agreement is significant because it outlines the terms and conditions for the maintenance and operation of traffic signals on the State Highway System within unincorporated areas of Bay County, ensuring the safe and efficient movement of traffic.

Attached files

Key dates

Starts
7/1/2015
Ends
6/1/2035Renews
Duration
20 years

Last updated

Details

Award type
Single Award
Procurement
Sole Source
Industry
Civil Engineering
NAICS
237310
Solicitation №
HIST-129

Contract value

$3,198,080

The contract value can be estimated based on the total lump sum payment for the first year, which is $159,904.00. Since the contract is for 20 years, the total contract value can be estimated to be around $3,198,080.00, assuming the same annual payment amount. However, the contract also includes provisions for reimbursement of operation and maintenance costs, which may vary from year to year. Therefore, the total contract value may be higher than the estimated amount.

AI estimate from the award documents

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