Prairie, of Tupelo, was the low bidder on the project, which will widen East Main to five lanes from Veterans Boulevard east to Willow Road, and to three lanes from Willow east to Hillsdale Drive
Two other companies also had submit bids. Columbus-based Gregory Construction had a $3.29 million price; Madison-based Eutaw Construction had a $3.15 million price.
The project originally had been estimated to cost $2.75 million.
If the council approves the contract, work could begin this summer on the much-anticipated project overseen by the Major Thoroughfare Program Committee.
Mayor Jack Reed Jr. said on Monday he expects a favorable vote.
It will take about one year to complete. An additional stretch of East Main – between U.S. Highway 45 and Veterans – will be widened in conjunction with a state-funded project creating a corridor from downtown to the Elvis Presley Birthplace & Museum. That project could start late this year.