Company bids $1.99 million to clear up from rockslide on highway.
The Tennessee Department of Transportation has awarded Pacific Blasting Demolition Ltd. an emergency contract to begin working to stabilize, remove debris and repair damage caused by a rockslide on U.S. 129/SR-115. The slide, which occurred on March 14, completely blocked U.S. 129.
Pacific Blasting Demolition Ltd. submitted the low bid of $1.99 million. Crews with Pacific Blasting are beginning to mobilize equipment and personnel and will begin work on the complex slide removal and stabilization project no later than April 5, 2010. Phillips and Jordan, Inc. was the only other pre-qualified contractor and submitted a bid of $2.65 million.
The rockslide project is estimated to be completed by July 31. However, the TDOT is providing an incentive of $6,500 per day for the contractor to complete work and reopen the roadway before July 31, 2010. Failure to complete the project and reopen the roadway by July 31 will result in a disincentive of $6,500 per day until work is completed.