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.
FOLLOW THE MBJ ON TWITTERMy Tweets
Twang & Tourism: The Country Music Trail
Top Posts & Pages
- Officials set hunting dates for birds; expands dove season by 20 days
- REVVING UP — Motorcars of Jackson is preparing to open its first-ever showroom on I-55
- TECH 21 — Mississippi's most wanted in technology
- Mississippi judge dismisses lawsuit seeking to overturn Sen. Cochran's GOP primary win
- FLIPPING OUT — Flipping houses is popular in much of the country, but in Mississippi ...
- Judge expected to rule today on McDaniel's challenge of loss to Cochran
- Isle of Capri reports decreased in-state revenues; experiencing 'market pressures'
- Circuit clerks question how to get records to McDaniel's trial
- Chefs John Folse and Rick Tramonto are dotting every ‘i’ and crossing every ‘t’ in the development of Seafood R’evolution, which is set to open in November