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Ocala
Monday, January 24, 2022

Bonding company seeks approval of takeover agreement to finish 13.6-mile road resurfacing project in Marion Oaks

A takeover agreement will be presented to county commissioners next week for the completion of a road resurfacing project in Marion Oaks.

On October 20, 2020, a contract was awarded to D.A.B. Constructors, Inc. in the amount of $1,294,444.44 during the Marion County Board of County Commissioners regular meeting.

The contract was for the resurfacing of 13.6 miles of local road sections in Marion Oaks Units 4, 6, and 10. The resurfacing work includes roadway preparation, crack sealing, leveling, shoulder removal, temporary striping, permanent thermoplastic striping, and stabilizing all areas disturbed during construction.

The project was set to start on March 29, 2021, with an anticipated substantial competition date of July 26, 2021, and a final completion date of August 25, 2021.

On July 28, 2021, Marion County received written notice from D.A.B. that the company was financially unable to perform or complete performance of the project. D.A.B. filed a petition for Chapter 7 bankruptcy on September 3, 2021.

Marion County has worked out a takeover agreement through Western Surety Company, the bonding company for D.A.B. Under the agreement, the resurfacing project would be completed by Pave-Rite, Inc. at no additional cost over the originally awarded amount.

The contract balance remains at $1,294,444.44, and Marion County is withholding these sums for the completion of the project.

While county staff is recommending approval, the commissioners will have the final say on whether or not the takeover agreement is approved during the Marion County Board of County Commissioners regular meeting on Tuesday, January 18.

The Marion County Board of County Commissioners meets on the first and third Tuesday of each month at the McPherson Governmental Campus Auditorium (601 SE 25th Avenue).