Construction bids for the Rocking Horse Farm second addition continue to come in attractively under estimates. Recently, the winning bid for street construction of the 134-lot subdivision was 19.4% under estimates by the City of Fargo. Griffin Construction of Chatfield, Minn., won the project with a low bid of $3.8 million, or $930,000 less than originally projected.
In April, the winning bid for underground utilities construction was 25% below estimates. Combined, underground and street construction bids are 22.5% under estimate, a savings of more than $2.4 million. This is encouraging to builders and prospective homeowners, as special assessments should reflect these reduced construction expenses.
Ground officially broke at Rocking Horse Farm on April 16 when DakotaUnderground began work. Griffin Construction is expected to start street work around Aug. 1, with about 81 lots ready for builders to begin home construction in mid October.
Also, keep in mind that as of Jan. 15, 2015, the Rocking Horse Farm Second Additionis not within the current 100-year floodplain. This helps minimize the need to elevate building lots with expensive fill.