On March 4, 2010, the Lake Oswego Interceptor Sewer (LOIS) project received bids from five prequalified general contractors for the last phase of the LOIS project – the “Lake Down” phase. The low bid submitted by the James W. Fowler Company at $26,870,000, more than $10 million under the project estimate of $37.4 million. Bids received ranged from the low bid to $38,375,000.