Corps Dredging Facts
- Corps and contractor owned dredges removed 268.9 million cubic yards (mcy) of material from Corps-constructed and maintained channels in FY 2001 at a cost of $867.7 million. This was a 6% reduction in cubic yards and a 5.6% increase in cost from FY 2000.
- In FY 2001, maintenance dredging accounted for almost 81% of the quantity dredged and 64% of the cost. The average cost/cy for maintenance dredging was $2.56 while the average cost/cy for new work dredging was $6.11.
- Almost 91% ($788.4 million) of all FY 2001 Corps dredging dollars were paid to private dredging contractors who removed 85% (228.6 mcy) of the material dredged.
- In FY 2001, 81 private dredging companies submitted a total of 398 bids for 169 contracts. Awards were made to 48 different companies, 18 large and 30 small businesses. Twenty-one companies (44%) won only 1 contract award, 22 (46%) won between 2 and 6 contracts, and five companies (10%) won more than 10 contracts.
- The cutterhead pipeline dredge was the most widely used dredge in FY 2001 receiving 54% of the contracts, removing 60% of the contracted quantity and earning 56% of the contract dollars. While mehcanical and hopper dredges received an almost equal number of contracts (35 and 32 respectively) the hopper dredges removed 27.6% of the quantity and earned 15.1% of the contract dollars. Mechanical dredges removed 5.4% of the quantity earning 13.57% of the contract dollars. The remaining dredging (7%) was performed by a combination of more than one type of dredge.
- The Districts that awarded the most contract dollars in FY 2001 were Galveston ($139.9 m) and Wilmington ($108.3 m) with Galveston and New Orleans dredging the most cubic yards, 45.6 mcy and 75.4 mcy respectively.
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