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Board approves $15.7 million guaranteed maximum price for campus renovations and authorizes bond sale and refunding
Summary
Trustees approved a guaranteed maximum price (GMP) of $15,742,601.13 for renovations at six campuses, authorized a $445 million parameter order for the next 2023 bond sale and approved a refunding authorization to pursue up to roughly $260 million in refundings after staff outlined projected savings.
Conroe ISD trustees on Sept. 16 approved a construction guaranteed maximum price amendment for a multi‑campus renovation project and authorized both a refunding parameter and a new‑money bond sale tied to the district’s 2023 bond program.
Facilities staff and the district’s construction manager at risk presented a request to approve a Guaranteed Maximum Price (GMP) amendment for renovations at six campuses — Wilkinson, Patterson, Bosman, Stewart, Cryer and Grangerland. The board voted 7–0 to approve a GMP of $15,742,601.13; the total bond budget for the project is…
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