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Uranium Resources, Inc. (URRE) Message Board

  • errataqwerty errataqwerty Aug 19, 2010 7:43 AM Flag

    URRE - Hydro Resources contract

    Award – Potter County Well Field Well Drilling Contract (Phase 2): Award to low eligible bidder: HydroResources, Inc. -- $4,848,370.92
    This item is the award of a contract to drill 17 new municipal water wells in the new Potter County Well Field. Under this contract, the recommended bidder will drill and complete these new wells, which will bring the total number of water supply wells in the new well field to 21. Funding for this contract is in the approved Potter County Well Field Capital Improvement Program and is made available to the City through the Texas Water Development Board (TWDB) Water Infrastructure Fund (WIF) at an overall average interest rate of approximately 2%.
    Due to this project being funded through the TWDB, the City is obligated to evaluate bidders based on their principal place of business and, if such is another state, apply any of that state’s bidder preference laws to this project in a reciprocal manner. The apparent low bidder on this project has a principal place of business in another state that requires non- resident bidders to under-bid resident bidders by 5% in order to receive the award. When this requirement is applied to the bids received for this project, the apparent low bidder did not under bid the second low bidder by 5% or more, therefore the award is recommended to the second bidder. The recommended bidder, Hydro Resources, Inc., has a principal place of business in Texas and their bid is within $50,553.92 or 1% of the apparent low bidder.

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