Longview, TX (Longview News-Journal) — Most of the right of way for Phase One of the George Richey Road expansion has been purchased, but transportation officials said this week they will wait to call for bids until November, hoping to save money.
The delay, Texas Department of Transportation officials said this week, is all about timing.
“Statewide, we are seeing a rise in construction bids, and August is a high letting month for TxDOT. I think this is a smart business decision on the part of TxDOT. Moving the letting will increase likelihood of getting lower construction bids,” said Transportation Planning Manager Karen Owen with the Longview Metropolitan Planning Organization.
Owen said it’s a matter of supply and demand. An uptick in the economy —and summer being a prime time for road construction projects—has resulted in companies charging a premium.
But winter is slower, so by letting bids in November, they hope, work will have slowed down and prices will drop.
Vernon Webb, TxDOT Director of Transportation Planning and Development in Tyler told members of the Metropolitan Planning Organization policy board this week that July saw the highest price for work in two years as the economy continued to strengthen.
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