The contract to demolish the Century Brass mill in New Milford will be awarded to Standard Demolition Services of Trumbull, subject to approval by state and federal agencies.

The company’s bid of $2.7 million was accepted by Mayor Patricia Murphy and the town’s finance director, Ray Jankowski, during a recent special meeting of the New Milford Purchasing Authority.

The award is contingent on state Department of Economic and Community Development and the EPA.

The town received a $2.5 million grant from the DECD to help fund the demolition.

“The company submitted a schedule for the work with an estimated notice to proceed in July that took them to Nov. 30, but that is likely being pushed out,” said Mike Zarba, director of New Milford Public Works. “The new target date for completion will likely be mid-December.”

Zarba said the town is waiting for EPA approval on a specific method of remediation the company would use. Then final sign-off from the DECD would be received.

Standard Demolition Services is one of the largest demolition and environmental companies in the Northeast. Its territory includes Connecticut, New York and Massachusetts.

Recent projects conducted by the company included demolition and remediation of 39 structures in various stages of deterioration at Rutland State Hospital in Rutland, Mass.

The project includes remediation with 5,000 cubic yards of asbestos contaminated soil removed, according to the company website. It also has handled the demolition and abatement of the eight-story, 1.3 million-square-foot Aetna Gross Building in Middletown.

The Century Brass mill on Scovill Road, just off Housatonic Avenue, is 320,000 square feet.

The 72-acre site has already undergone a multimillion-dollar federal and state environmental assessment and cleanup, but the property still includes the vacant brass mill building which is contaminated with asbestos and PCBs.

With federal and state assistance, the town has made a $4.4 million investment in sewer, water and road infrastructure improvements on the property.