Financial News
Update on I-5 Project, Black Prime Contractor Raimore Construction
The level of focus on Blacks receiving big opportunities on the billion dollar project is historical.
PORTLAND, Ore. & VANCOUVER, Wash. - Aug. 16, 2022 - PRLog -- Some around the country have gained interest in the I-5 Rose Quarter Improvement Project. Why? Because there is a Black owned company involved as a prime contractor. Raimore Construction, under it's leader Jeff Moreland, has taken a stand to increase opportunities, diversity and Black community wealth.
I-5 Rose Quarter Improvement Project Blog Watch: http://wix.to/SZ2yjI0?ref=2_cl
The Oregon Department of Transportation (ODOT) has put out more information on the project and it's goals of making history in how this project is approached. The federal government has allocated billions nationwide to these types of infrastructure projects.
Video: Dawson Park Flyover:
https://vimeo.com/713541413/a00d84f358
Overall, Oregon expects to receive more than $3.4 billion for roads and bridges over the next five years. ODOT released information stating:
"ODOT is reshaping the way we do business by taking a values-based and goal-oriented approach to contracting work for the project. The main tool we're using in our approach is the Construction Manager/General Contractor (CM/GC) project delivery method. The CM/GC method uses two phases of contracts. The first is the pre-construction phase for collaborating on design. The second is the construction phase for building the project. Once the first phase is complete, the contractor can bid on the second phase."
ODOT has been working with community members and ensuring voices are being heard. This is a major improvement from decades before.
Video: Voices of Albina
https://youtu.be/hLLfDeANcY0
"We're using a CM/GC for the overall project along with "Mini CM/GC" subcontracts to encourage small, minority-owned business participation. Through our partnership with the project's primary CM/GC, Hamilton/Sundt a Joint Venture (HSJV) in association with Raimore Construction, we're supporting the development of Disadvantaged Business Enterprises (DBEs) and promoting a diverse, skilled workforce."
I-5 Rose Quarter Improvement Project Simulator
https://youtu.be/b1QaewzjXvA
On it's website dedicated to the I-5 Rose Quarter Improvement Project, the agency states that the project will "provide new local street connections and I-5 improvements that work together to create new community connections and a safer, more reliable I-5 that promotes economic growth."
Raimore Construction has provided information on this project - as well as how to get involved.
[A Blog Watch has been set up at www.resourcescholarsshow.com for people following the company and I-5 improvement projects.]
Media Contact
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