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Business and finance

20 Jan 06

Caltrans extends Bay Bridge tender deadline

Bid opening has been postponed 60 days for the US$1.4 billion signature span of San Francisco's Bay Bridge. California Department of Transportation (Caltrans) has responded to requests from tenderers for more time to prepare the bids and develop their teams. Tenders will now be opened on 22 March instead of 1 February, with the contract awarded on April 21. Incentives to bid have also been increased and the three lowest bidders will now each receive US$5 million instead of the US$2 million originally intended. The project was first tendered in 2004 but there was only a single bid, which was rejected as it was almost double Caltrans' estimate.

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