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Board discusses $33.5 million CP1 change-order settlement and seeks clearer reporting on outstanding claims
Summary
Staff told the board a $33.5 million settlement resolved a $57 million claim from a CP1 design-builder; directors pressed staff for more transparency on outstanding change-order claims and how delegation of authority is applied.
The board was briefed on a $33.5 million settlement resolving a $57 million claim from an RCP1 design-builder related to additional design services and prolonged design review processes. Jamie Matalka, chief financial officer, said the claim was reduced by 41% from the original amount and that the settlement had no impact on the substantial-completion date. Several directors asked for more transparency on…
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