School board accepts $6.99 million guaranteed maximum price for central administration building
5377687 · July 12, 2025
Summary
The board voted to accept a guaranteed maximum price (GMP) of $6,992,414 from Lashley Rich for the Central Administration Building.
The Jackson-Madison County Board of Education approved a guaranteed maximum price (GMP) of $6,992,414 submitted by contractor Lashley Rich for the district’s Central Administration Building.
A board member moved to accept the GMP; a second followed and the motion passed on voice vote. A board member said the project would be welcome and expressed excitement about the move. The board agreed and carried the motion.
Why it matters: the GMP commits the district to the budgeted maximum price for the Central Administration Building under the contract with Lashley Rich and sets the financial baseline for project execution and future budget monitoring.
The board did not record a roll-call vote in the transcript for this item; the motion passed by voice vote with all members present saying “yes.” The board immediately moved on to other business after the vote.
