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Bryan ISD closes out two bond projects, returns roughly $3.4 million in savings
Summary
Trustees approved final payments and deductive change orders to formally close out phase 2 of Sadbury Intermediate and the Ruby Halliburton Auxiliary Complex, returning approximately $1.44 million and $2.00 million respectively to the district's bond funds.
The board approved final closeouts for two previously bonded construction projects and accepted substantial deductive change orders that staff said return savings to the district.
For Sadbury Intermediate School (phase 2) trustees approved a final payment of $77,241 to Jermala Construction and accepted a deductive change order totaling $1,439,147. The motion was made by Mr. Gonzales and seconded by Ms. Benford and passed unanimously.
For the Ruby Halliburton Auxiliary Complex trustees approved a final payment of $470,339.39 to the contractor (transcript reference) and accepted a deductive change order of $2,006,217, which staff said represented returned bond savings. That motion passed unanimously as well.
District staff and the bond oversight committee credited new project oversight by staff and contractor/architect engagement for the savings and said any remaining bond savings will be reviewed by the bond oversight committee for reallocation according to board direction.
