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Post date: Dec 04, 2018 5:40:26 PM
Construction of the new High School is well under way, and the project remains on budget. The robust pace of construction is evident in invoicing of over $1 million each month for work completed by the contractor.
The project budget of $58.6 million includes a contingency fund of approximately $2.3 million to address construction change orders as a result of unanticipated conditions – such as the need to remove unsuitable soils under the new access road – or additional costs occurring from design oversights which can be anticipated in any construction project of this size.
Fortunately there have been few surprises, unanticipated conditions or oversights as the project has come out of the ground and the contractor continues his review of construction details. For example, at the end of September construction was 8.4% complete, yet less than 1% of the contingency budget had been expended. This is indeed good news. Below is the current Project Tracking Budget as of November 30, 2018.
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