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Board approves $18,146 net decrease in Broken Arrow High stadium contract at closeout
Summary
The board approved Change Order No. 1 for the Broken Arrow High School Memorial Stadium bleacher upgrade, reducing Magnum Construction’s contract by $18,146 as part of project closeout under the GMP dated April 15, 2024.
The Broken Arrow Board of Education voted June 2 to approve Change Order No. 1 for the Broken Arrow High School Memorial Stadium bleacher upgrade, resulting in a net contract decrease of $18,146 to Magnum Construction’s guaranteed maximum price (GMP) contract dated April 15, 2024.
Mr. Dunn presented the change order as part of project closeout, explaining that the net decrease reflects unspent dollars in the GMP returning to the district. He summarized the item as: “This is money that was in the GMP that was not spent that's coming back to the district.”
A motion to approve the change order was made and seconded; the roll call recorded affirmative votes from Doctor Williams, Mrs. Taylor, Doctor Roulette, Mr. Cockrell and Mr. Allen.
The board did not discuss additional contract adjustments, retainage or future warranty provisions in open session. The item was presented as a closeout accounting adjustment rather than new work.
