Construction costs are up all over, but at least the Rochford Road rebuild drew some competition to temper inflation:
It will cost about $6 million more than state officials expected to realign and pave a 10-mile gravel stretch of Rochford Road through the central Black Hills.
That was 35% more than the state Department of Transportation’s estimate of $17,273,986.60, but less than the $35,714,263.36 bid submitted by Oftedal Construction of Casper, Wyoming.
They were the only bidders [Bob Mercer, “Rebuild of Rochford Road Gets the Green Light,” KELO-TV, 2023.03.30].
Loiseau’s 35% over estimate beats Oftedal’s 106%. Maybe we should offer Loiseau some of the work on Game Fish & Parks’ big new shooting range, for the construction of which land-seller and sole bidder Jim Scull is charging 91% more than the state’s project estimate.
The Rochford Road rebuild was one of eight projects approved by the Transportation Commission on March 30. All eight projects received multiple bids. Oftedal’s overrun was an outlier; no other bidders exceeded the state’s estimates by more than 20%, and several bids came in under estimate. So inflation apparently hasn’t driven every contractors expenses up 91% over the last couple years, just Jim Scull’s.