| RELEASE: CONTACT: |
IMMEDIATE Tom Jewell (804) 524-6387 Richmondinfo@VDOT.Virginia.gov |
RICH-0635B Oct. 5, 2006 |
VDOT Completes Four Projects On-time and On-Budget in September Savings amount to more than $400,000
VDOT Completes Four Projects On-time and On-Budget in September
Savings amount to more than $400,000
COLONIAL HEIGHTS, Va.— The Virginia Department of Transportation’s (VDOT) Richmond District continues to improve its delivery of on-time and on-budget construction and maintenance projects, completing four projects in September. All of the projects came in on-time or ahead of schedule and were under budget. Collectively, the projects finished 132 days ahead of schedule and saved $419,747 or 15 percent of the originally budgeted contract amount.
“This is an outstanding combined performance by the private sector construction partners, consultant inspectors and VDOT employees,” said Christopher Winstead, P.E., VDOT district construction engineer. “Our team focus on results is returning measurable time and cost savings to the traveling public.”
The following four projects were completed in Sept. 2006:
Meadow Road over I-64, Henrico: This project consisted of bridge bearing and substructure repairs, hydro-demolition of the existing deck and new latex overlay of the deck.
“This is an outstanding combined performance by the private sector construction partners, consultant inspectors and VDOT employees,” said Christopher Winstead, P.E., VDOT district construction engineer. “Our team focus on results is returning measurable time and cost savings to the traveling public.”
The following four projects were completed in Sept. 2006:
Meadow Road over I-64, Henrico: This project consisted of bridge bearing and substructure repairs, hydro-demolition of the existing deck and new latex overlay of the deck.
- Contractor, Corman Construction, Inc., started work on Nov. 8, 2005 and finished on the Sept. 15 projected completion date.
- Project budget=$1,251,127; actual expenditure=$1,196,623; a savings of $54,504 or 4% under budget.
- Contractor, D.S. Nash Construction Co., started work on March 1, 2006 and finished on Sept. 13, 2006; 49 days ahead of the Nov. 1, 2006 projected completion date.
- Project budget=$1,054,815; actual expenditure=$753,736; a savings of $301,079 or 29% under budget.
- Contractor, Red Oak Excavating, Inc., started work on July 31, 2006 and finished on Sept. 15, 2006; 13 days ahead of the Sept. 28, 2006 projected completion date.
- Project budget=$241,306; actual expenditure=$239,301; a savings of $2,005 or 0.8% under budget.
- Contractor, Interstate Construction Corp., started work on Sept. 6, 2006 and finished on Sept. 21, 5006; 70 days ahead of the Nov. 30, 2006 projected completion date.
- Project budget=$193,002; anticipated final payments=$130,843; a potential savings of $62,159 or 32% under budget.
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