The total project cost is approximately $18.6 million and is funded through bond proceeds.
The City of Coppell bid the project, and base bids received ranged from $18.3 million to $22.2 million. All contractors bid 480 days, which was the maximum allowable under the bidding documents. The project also includes available performance incentives.
The City’s initial estimate for the project was approximately $24 million. After going through an extensive value engineering process, City engineers were able reduce the expected project cost while preserving trees and ensuring continued safety throughout construction. The value engineering process also resulted in a reduction in the number of planned construction phases, which shortened the timeline for construction.