MDOT project halted after contractor goes bankrupt
Published: February 16,2012
TUPELO — The bankruptcy of a general contractor has prompted the Mississippi Department of Transportation to halt work on a district office in Tupelo.
The Northeast Mississippi Daily Journal reports the new $5.1 million, 34,000-square-foot office was scheduled to be finished in August.
The general contractor, DC&M in Bay St. Louis, filed for bankruptcy in mid-January and that halted work.
“Since the 2000s, we’ve had a couple road projects where the general contractor pulled out, and maybe a couple of building projects where something similar happened, but never this far into a project,” said project engineer Matt Dunn.
Dunn said office is about 20 percent complete. He said it’s up to the bonding company to figure out how to finish the project.
“The state won’t be out any additional money,” Dunn said.
Dunn said whatever difference is left between the original bid and what it takes to finish the project will be paid by the bonding company.
MDOT’s original estimate for the project was more than $7.2 million. The project was let in October 2010, but construction didn’t start until March of last year.
For now, when the work continues will depend on when the bonding company selects a new general contractor, Dunn said.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- WILLOUGHBY: Bernie Reed cites hard work as key to success of Reed’s Metals
- Half century of memories — Christmas on Deer Creek to celebrate 50th anniversary
- Analyst: KiOR Columbus plant may end up sold as scrap
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Ex-MDEQ leader Fisher joins Butler Snow
- Can Metrocenter rise from the ashes? Again
- Prescott leads field for Conerly Trophy as state's best football player
- Bryant wants free tuition for students with technical diploma
- Gulf oil rig explosion kills one worker, injures three
- Prison-contract task force working in wake of Epps' indictment