📋 Tender Overview
Scope : Street Lighting and Traffic Signal
Knockdown/Insurance
PROJECT DESCRIPTION/JUSTIFICATION : This fund will be used to purchase and track replacement traffic control and street lighting equipment and would be used as a depository to track insurance claims. The City of Dubuque replaces equipment that is damaged or destroyed due to accidents and weather-related activities. Many of the new traffic cabinets along the major corridors may contain $60,000 to $75,000 of equipment. In some instances, this equipment is purchased to replace equipment that was damaged due to an accident in which there is an insurance claim. Insurance reimbursements are put back into the CIP to fund expenditures which helps track the costs due to accidents, and how much the city spends on hit and run or uninsured accidents. Major storm events due to lightening alone can expend the budget.
