- Last Updated on 07:50 AM 07/21/10
- BY Staff
Land clearing and grading work is currently under way at Riverstone Technology Park, according to Mike Sexton, executive director of the Halifax County Industrial Development Authority (IDA).
At its June meeting, the IDA accepted a low bid of $751,538.70 from Haymes Brothers, Inc. of Chatham for a lot development contract to clear and grub lots 2, 3 and 4, lot development for lots 1, 7 and 8 and to redevelop the existing storm water pond located on lot 8.
Bids for the project were opened May 25 and ranged from Haymes’ low bid to a $1.8 million high bid.
Shannon Hair of Dewberry and Davis, project manager for the Riverstone site ready construction project, said the difference in the contractors’ high and low bids was due to “contractors wishing to keep their employees busy.
“My engineers’ estimate was right around $1.5 million, and we recognize in today’s market contractors want to stay busy,” Hair said. “Over the last two years I’ve seen prices go between 40 and 60 percent less than our estimates because of the need in work,” he added.
According to Hair, the contractors will be required to remove 200,000 cubic yards of dirt from the Riverstone sites over a six-month period.