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Wayne County board approves $38.8 million guaranteed maximum price for Rosewood school project
Summary
The Wayne County Board of Commissioners approved a guaranteed maximum price (GMP) of $38,849,337.78 for construction and related costs for the Rosewood school project. The package relies on $25.3 million in grants, leaving a county shortfall the board acknowledged and discussed financing and alternate scope choices before voting to proceed.
The Wayne County Board of Commissioners voted to approve a guaranteed maximum price (GMP) of $38,849,337.78 for the Rosewood school construction package, the board said during its March 18 meeting.
County staff told commissioners the GMP includes construction and associated soft costs — architect fees, geotechnical work, mobilization of modular classrooms and issuance expenses — producing a total program cost near $38 million and leaving an approximate funding gap after grants and commitments.
Board members and school-district representatives detailed the package and financing. County staff said the district has $25,325,000 in grant funding toward the project; the packet provided to the board indicates a remaining shortfall in the range of roughly $12.7 million before…
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