PROFESSIONAL_SERVICESDISCUSSED

Council Reviews IBI Group Sewer Project Financing

The Village of Somerset council heard a project update from IBI Group on a proposed $2.54 million sewer infrastructure project supported by a $500,000 ARC grant and loan financing. Council indicated they prefer grant funding over new debt and will continue evaluating options.

Status
DISCUSSED
Document date
August 8, 2023
Contract type
PROFESSIONAL_SERVICES
Vendor
Ibi Group
Agency
Town of Somerset · OH

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$2,537,800.00 (project estimate); $500,000 grant from ARC; remainder as loan
Contract type
PROFESSIONAL_SERVICES
Document type
Minutes
Source document
Town of Somerset Council Meeting Minutes August 2023

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the professional services contract by Town of Somerset?

Ibi Group was awarded this professional services contract by Town of Somerset, as recorded on August 8, 2023. The contract value is $2,537,800.00 (project estimate); $500,000 grant from ARC; remainder as loan.

How much is the Ibi Group contract with Town of Somerset worth?

The Ibi Group contract with Town of Somerset is valued at $2,537,800.00 (project estimate); $500,000 grant from ARC; remainder as loan, covering professional services work.

What type of contract is this?

This is a Professional Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Town of Somerset Council Meeting Minutes August 2023 (Minutes), dated August 8, 2023 from Town of Somerset. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ibi Group hold?

Ibi Group may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Town of Somerset currently buying?

Explore Town of Somerset's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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