High Bids Halt Airport Project

Construction on the new transit center at the Burbank-Glendale-Pasadena Airport was expected to start this summer with completion by December 2013. Bids for the project were more than $47 million over original cost estimates, according to a Pasadena Star-News article.

Penalties called "liquidated damages" were included in the contracts which would be imposed on the contractors if they fell behind in their work. Therefore, contractors raised their bids to make sure they wouldn't have to pay the liquidated damages.

The design team is forming a more simple plan to stay within the $112 million estimate that was originally established, according to Pasadena Star-News.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Five Business Model Trends for 2017

As new forms of mobility take flight, the borders with traditional car rental are starting to erode.

Are Commercial Drone Deliveries Eminent in the U.S.?

Amazon just delivered its first package by drone in England. Will U.S. delivery fleets be able to take advantage soon?

Autonomous Vehicles and the Changing Role of the Fleet Manager

With fewer drivers and substantially longer fleet lifecycles, fleet managers will pivot to new job functions.

Job Finder: Access Top Talent. Fill Key Positions.