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Cost estimates reconciled; committee told design‑development numbers are below budget for now, value engineering list ongoing
Summary
Designer and W.T. Rich produced separate estimates and reconciled differences; committee was told the design‑development cost estimate is currently below the budget by an amount described as multiple seven figures, but staff cautioned the figures are preliminary and a value engineering list will be vetted in coming weeks.
Committee staff and consultants reported on a reconciliation of the design‑development cost estimates and outlined next steps for value engineering and MSBA reporting.
Tim, speaking for committee staff, said the architect (AM Fogarty) and W.T. Rich each produced estimates at the DD stage, which were reconciled through a collaborative review. “We are very happy to report that the numbers for the scope with the Fano drive approach are, you know, are are…
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