DOT Awards $28.2M Estes Park Loop Road Project to Flatiron Dragados
Contract Overview
Contract Amount: $28,195,403 ($28.2M)
Contractor: Flatiron Dragados Constructors, Inc.
Awarding Agency: Department of Transportation
Start Date: 2022-12-05
End Date: 2025-03-12
Contract Duration: 828 days
Daily Burn Rate: $34.1K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 2
Pricing Type: FIRM FIXED PRICE
Sector: Construction
Official Description: CO FLAP US36(1) DOWNTOWN ESTES PARK LOOP CONSTRUCTION CONTRACT FOR ROADWAY RECONSTRUCTION, REHAB, AND BRIDGE REPLACEMENT
Place of Performance
Location: ESTES PARK, LARIMER County, COLORADO, 80517
State: Colorado Government Spending
Plain-Language Summary
Department of Transportation obligated $28.2 million to FLATIRON DRAGADOS CONSTRUCTORS, INC. for work described as: CO FLAP US36(1) DOWNTOWN ESTES PARK LOOP CONSTRUCTION CONTRACT FOR ROADWAY RECONSTRUCTION, REHAB, AND BRIDGE REPLACEMENT Key points: 1. Project aims to reconstruct roadways and replace a bridge in Estes Park, Colorado. 2. The contract was awarded using full and open competition. 3. The project duration is 828 days, with an estimated completion in March 2025. 4. This falls under the Highway, Street, and Bridge Construction sector.
Value Assessment
Rating: good
The contract value of $28.2 million appears reasonable for a significant infrastructure project involving roadway reconstruction and bridge replacement. Benchmarking against similar DOT projects would provide a more precise assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The use of full and open competition suggests a robust price discovery process. Multiple bids were likely considered, leading to a competitive award price.
Taxpayer Impact: Taxpayer funds are being used for essential infrastructure improvements, which should enhance local transportation and safety.
Public Impact
Improved transportation infrastructure in Estes Park, potentially boosting tourism and local commerce. Potential for traffic disruptions during the construction phase. Creation of construction-related jobs.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for cost overruns due to unforeseen site conditions or material price fluctuations.
- Risk of project delays impacting the completion timeline.
Positive Signals
- Clear project scope for roadway reconstruction and bridge replacement.
- Awarded through full and open competition, indicating market competitiveness.
Sector Analysis
This project is within the Highway, Street, and Bridge Construction sector, a critical area for federal and state infrastructure investment. Spending in this sector is often driven by maintenance needs and economic stimulus programs.
Small Business Impact
The data does not indicate specific subcontracting goals for small businesses on this contract. Further analysis would be needed to determine the extent of small business participation.
Oversight & Accountability
The Department of Transportation, through the Federal Highway Administration, is responsible for overseeing this contract. Standard oversight mechanisms for construction projects should be in place.
Related Government Programs
- Highway, Street, and Bridge Construction
- Department of Transportation Contracting
- Federal Highway Administration Programs
Risk Flags
- Potential for weather-related delays.
- Risk of unforeseen site conditions.
- Fluctuations in material costs.
- Impact of traffic detours on local businesses.
Tags
highway-street-and-bridge-construction, department-of-transportation, co, definitive-contract, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Transportation awarded $28.2 million to FLATIRON DRAGADOS CONSTRUCTORS, INC.. CO FLAP US36(1) DOWNTOWN ESTES PARK LOOP CONSTRUCTION CONTRACT FOR ROADWAY RECONSTRUCTION, REHAB, AND BRIDGE REPLACEMENT
Who is the contractor on this award?
The obligated recipient is FLATIRON DRAGADOS CONSTRUCTORS, INC..
Which agency awarded this contract?
Awarding agency: Department of Transportation (Federal Highway Administration).
What is the total obligated amount?
The obligated amount is $28.2 million.
What is the period of performance?
Start: 2022-12-05. End: 2025-03-12.
What is the estimated economic impact of this project on the Estes Park region?
The economic impact is likely to be positive, primarily through job creation during the construction phase and improved transportation efficiency post-completion. Enhanced accessibility could also stimulate local businesses and tourism, though quantifying this requires detailed economic modeling.
What are the primary risks associated with the bridge replacement component?
Risks for bridge replacement include unforeseen subsurface conditions impacting foundation work, potential environmental permit delays, and the complexity of ensuring structural integrity during construction. Weather can also significantly impact bridge construction schedules and costs.
How does the firm-fixed-price contract structure affect cost control and contractor incentive?
A firm-fixed-price contract shifts most of the cost risk to the contractor, incentivizing them to manage expenses efficiently. However, it can also lead to higher initial bid prices to account for contractor risk, and potential disputes if scope changes arise.
Industry Classification
NAICS: Construction › Highway, Street, and Bridge Construction › Highway, Street, and Bridge Construction
Product/Service Code: CONSTRUCT OF STRUCTURES/FACILITIES › CONSTRUCTION OF BUILDINGS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SEALED BID
Solicitation ID: 6982AF22B000014
Offers Received: 2
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 385 INTERLOCKEN CRES STE 900, BROOMFIELD, CO, 80021
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Foreign Owned, Foreign-Owned and U.S.-Incorporated Business, Not Designated a Small Business, Special Designations
Financial Breakdown
Contract Ceiling: $28,195,403
Exercised Options: $28,195,403
Current Obligation: $28,195,403
Actual Outlays: $27,736,212
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Timeline
Start Date: 2022-12-05
Current End Date: 2025-03-12
Potential End Date: 2025-03-12 00:00:00
Last Modified: 2026-02-12
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