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bidder. Staff has completed a thorough review of the bids received and recommends that the <br />contract be awarded at this time. <br />FINANCIAL IMPACTS <br />We received 9 bids for this project. The lowest responsible bid submitted by Asphalt Surface <br />Technology Corp. (aka ASTECH Corp.), $1,154,365.69, is 18% lower than the Engineer's <br />construction estimate of $1,407,000. The following is a summary of the bids received for this <br />proj ect: <br />Contractor Bid <br />Asphalt Surface Technologies Corp. $1,154,365.69 <br />Valley Paving, Inc $1,243,262.11 <br />North Valley, Inc. $1,253,629.57 <br />Hardrives Inc. $1,279,885.99 <br />T. A. Schifsky & Sons, Inc $1,282,260.13 <br />Tower Asphalt, Inc. $1,285,855.83 <br />Northwest Asphalt Inc. $1,286,674.70 <br />Midwest Asphalt Corporation $1,336,654.35 <br />Bituminous Roadways - Shakopee $1,447,422.53 <br />This project is proposed to be paid for using Municipal State Aid funds; as well as Street, <br />Watermain, Storm Sewer, and Sanitary Sewer Infrastructure funds. All work should be <br />completed by August 2010. <br />STAFF RECOMMENDATION <br />Approval of a resolution awarding bid for 2010 Contract B in the amount of $1,154,365.69 to <br />Asphalt Surface Technology Corp. (aka ASTECH Corp.), of St. Cloud, Minnesota. <br />REQUESTED COUNCIL ACTION <br />Approval of a resolution awarding bid for 2010 Contract B in the amount of $1,154,365.69 to <br />Asphalt Surface Technology Corp. (aka ASTECH Corp.), of St. Cloud, Minnesota. <br />Prepared by: Debra Bloom, City Engineer <br />Attachments: A: Resolution <br />Page 2 of 2 <br />