December 6, 2013
Agency downgrades School Building Authority ratings outlook
Standard & Poor's Ratings Services cut the ratings outlook for the state School Building Authority's excess lottery revenue bonds to negative, citing a one-in-three chance declining gambling revenues could force the firm to downgrade the bonds within two years. The authority has roughly $260 million outstanding in school improvement and construction bonds tied to the state Lottery's Excess Lottery Fund. The fund helps pay off the bonds at a host of state agencies, including the state Economic Development and School Building authorities. The School Building Authority each year uses about $19 million of that revenue -- generated mainly by video gaming proceeds at the state's four racetrack casinos -- to make payments on its debt.
SBA Director Mark Manchin, speaking on MetroNews Thursday, said he is not overly concerned about the cut in the ratings. “We’re already bonded,” he stated. “We sold our bonds in 2008, 2009 and 2010. We were able to generate over $200 million as a result of that.” Dr. Manchin said there’s a one-in-three chance the bonds will be downgraded but he’s confident the SBA will be able to pay off the bonds with the $19 million a year in Excess Lottery revenues for years to come. “Even if there is a downturn it’s not going to impact our present indebtedness. It won’t change anything. The director says there are plans to sell about $50 million in bonds for school construction in the next few months.
AGC TESTIFIES BEFORE HOUSE COMMITTEE ON DESIGN-BUILD REFORM
On December 3, AGC of America testified before the House Oversight and Government Reform Committee on the federal government’s use of design-build contracting. AGC addressed the need for federal agencies to: (1) reasonably limit one-step design-build procurements; and (2) reasonably limit the second step of the two-step design-build process to three to five finalists.
AGC notes, that on the federal level, on one-step design build procurements, design-build teams have no way to judge their prospects for success, as no team can be sure how many total teams are pursuing the project. Consequently, competition suffers because many qualified teams, especially small businesses, choose not to incur the large proposal costs to participate where perhaps 20 teams or more can offer. During the two-step design-build procurement process, where a federal agency can select an unlimited number of finalists to enter the second step of the competition and submit full proposals with more complete—and more expensive—design materials and cost estimates, the inability of contractors to determine the odds of success tends to reduce competition. West Virginia’s design-build rules provide for the two-step process.
As such, at the hearing, AGC articulated its general support for H.R. 2750, the Design-Build Efficiency and Jobs Act of 2013, introduced by Rep. Sam Graves (R-Mo.), which would both limit single-step design-build procurements and limit the second step of the two-step design-build process to three to five finalists.
Iaeger-Panther Elementary School, McDowell County
(iSqFt Project ID# 1967403) Bids will be accepted until 1:00 PM on 1/8/2014 for building construction of an approximately 45,115 SF facility for the new Iaeger-Panther Elementary School, Iaeger, McDowell County. A mandatory pre-bid meeting will be held on 12/17/2013 at 10:00 AM at the adjacent school hall, Iaeger. Bids should be submitted to McDowell County Board of Education, 30 Central Avenue, Welch, WV 24801 (304)436-8441. Plans and specifications are available from E.T. Boggess, 101 Rockledge Avenue, Princeton, WV 24740 (304)425-4491. Plans and specifications are expected in the CAWV Physical Planroom and Internet Planroom at
Pre-Engineered Bus Maintenance/ Administration Office Facility, Mid-Ohio Valley Transit Authority, wood county
(iSqFt Project ID# 1967422) Bids will be accepted until 1:30 PM on 1/23/2014 for the construction of a 200' x 75' single-story, pre-engineered metal and brick maintenance and administration office facility to accommodate four parking bays, a maintenance area, washing bay and office space for the Mid-Ohio Valley Transit Authority, Parkersburg. A mandatory pre-bid meeting will be held on 1/2/2014 at 10:30 AM at MOVTA Conference Room, 520 Juliana Street, Parkersburg. Bids should be submitted to Mid-Ohio Valley Transit Authority, 520 Juliana Street, Parkersburg, WV 26101 (304)422-4100. Plans and specifications are available from Burgess & Niple, Inc., 4424 Emerson Avenue, Parkersburg, WV 26104 (304)485-8541.
Plans and specifications are available in the CAWV Physical Planroom and Internet Planroom at
Roof Replacement, Beckley housing authority, Raleigh County
(iSqFt Project ID# 1967458) Bids will be accepted until 11:00 AM on 1/10/2014 for replacement of asphalt shingle roof for the Beckley Housing Authority. A mandatory site visit and pre-bid meeting will be held on 12/20/2013 at 10:00 AM at Beckley Housing Authority Administrative Offices, 100 Beckwoods Drive, Beckley. Bids should be submitted to Beckley Housing Authority, 100 Beckwoods Drive, Beckley, WV 25802 (304)256-1800. Plans and specifications are available from Adkins Design, Inc., 669 Clearview Heights, Charleston, WV 25312 (304)984-2415. Plans and specifications are expected in the CAWV Physical Planroom and Internet Planroom at
Asbestos Abatement, Shinnston, harrison county
(iSqFt Project ID# 1967402) Bids will be accepted until 4:00 PM on 12/23/2013 for removal and disposal of any and all asbestos and asbestos-containing materials from several private dwellings in the city limits of Shinnston. A mandatory pre-bid meeting will be held on 12/16/2013 at 12:00 PM at the Shinnston City Office, 40 Main Street, Shinnston, WV. Bids should be submitted to City of Shinnston, 40 Main Street, Shinnston, WV 26431 (304)592-3076. Plans and specifications are available from City of Shinnston, 40 Main Street, Shinnston, WV 26431 (304)592-3076. Plans and specifications have been requested for the CAWV Physical Planroom and Internet Planroom at
Wall Reconstruction, Oglebay Stables, WHEELING, ohio county
(iSqFt Project ID# 1968873) Bids will be accepted until 2:00 PM on 1/8/2014 for the reconstruction of a stable wall at Oglebay Resort and Conference Center, Wheeling.
A mandatory pre-bid meeting will be held on 12/9/2013 at 2:00 PM at the project site located along WV State Route 88 in Oglebay. Bids should be submitted to Wheeling Park Commission, 465 Lodge Drive, Wheeling, WV 26003 (304)243-4089. Plans and specifications are available from Wheeling Park Commission, 465 Lodge Drive, Wheeling, WV 26003 (304)243-4089. For questions prior to the pre-bid meeting contact Curt Byrum at (304) 243-4004. Plans and specifications have been requested in the CAWV Physical Planroom and Internet Planroom at
Accessibility Ramp, Lincoln County High School (Bid 11/26/2013)
N-Powell Company, Inc..................................................................................... $308,000
Wolf Creek Contracting Company.................................................................... 316,224
Mi-De-Con Inc.................................................................................................... 322,000
Danhill Construction Company.......................................................................... 371,113