Electronic Transaction Consultants Corp (ETCC) and Washington DOT have reached a settlement of their grievances over a difficult toll systems job at the state route 520 (SR520) bridge.
The settlement involves no cash payment, but ETCC's contract to operate the back office and customer service systems for WSDOT tolling is extended from 2014 to 2018, subject to ETCC meeting some early performance measures. The four-year contract extension ETCC says is valued at $29m but WsDOT gets 10% off that making it $26.1m by our calculator.
2012-05-02: Italy-based Autostrade is taking a majority position in the big American toll systems provider ETCC (Electronic Transactions Consultants Corporation.) Autostrade has had a minority share since 2007 of the company that was formed in March 1999 by founder and president Timothy O Gallagher out of an expansion of consulting work
Miami Dade Expressway Authority (MDX) has formally notified ETCC's performance bond issuer that the toll system contractor has failed to correct contract defaults in the toll system and is now in "material breach" of the contract.
Miami Dade toller hits ETCC for $2.62m in late penalties/damages, ETCC says MDX/THEA caused some delaysBy Peter Samuel on September 16, 2011
Miami Dade Expressway Authority (MDX) is claiming $2,619,000 in liquidated damages (LDs or penalties) from Electronic Transaction Consultants Corporation (ETCC) for failure to deliver new toll systems by contract dates. Damages continue to accrue at $6,500/day, MDX says, until the work is done.
A report in the Tacoma News Tribune this morning turns up the political heat on Washington state DOT (WsDOT) and its back office contractor Electronic Transactions Consultants Corp (ETCC) over delays in starting tolls. The report claims ETCC would be liable for $12m in liquidated damages if the department fully enforced the contract provisions against ETCC.
Washington State DOT say they have ceased issuing toll violations until "glitches" are resolved in the back office supplied by Electronic Transaction Consultants Corp (ETC).
We couldn't get LDOT's perspective on the conflict over the toll system procurement for the Crescent City Connection bridge and the LA-1 tollroad before we first published. But after we published last Friday - see http://www.tollroadsnews.com/node/4920 - LDOT contacted us saying we had errors in the account. "Please send us the details of our mistakes," we said.