CONSTRUCTIONAWARDED

Tippecanoe County Commissioners Agenda Packet 2026-05-18

County awards BOT road project to Avenew Roads

Phase 1 Guaranteed Maximum Price of $25,692,000; Phase 2 Guaranteed Maximum Price to be determinedArea Plan Commission of Tippecanoe CountyAVENEW ROADS INCMay 18, 2026

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Description

Tippecanoe County Commissioners approved awarding the 2026 Build-Operate-Transfer infrastructure project to Avenew Roads, Inc., including road, signal, and bridge improvements in north Tippecanoe County and West Lafayette. The BOT Agreement sets a $25.692 million guaranteed maximum price for Phase 1, with Phase 2 pricing to be finalized and work scheduled through 2028.

Contract Details

Contract Amount

Phase 1 Guaranteed Maximum Price of $25,692,000; Phase 2 Guaranteed Maximum Price to be determined

Vendor

AVENEW ROADS INC

Agency

Area Plan Commission of Tippecanoe County, IN

Contract Type

CONSTRUCTION

Document Date

May 18, 2026

Contract Term

Phase 1 improvements to be completed by March 2027; Phase 2 improvements to be completed by the end of 2028

Renewal Date

2028-12-31

Renewal Info

BOT Agreement will include a guaranteed maximum price for Phase 1 and a later-established GMP for Phase 2, both finalized through a BOT Agreement refinement process; includes financing via Bond Anticipation Notes with terms subject to separate approvals.