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Construction work ends with $129,352.16 credit to Silver Creek district from Calhoun contract
Summary
The board approved Calhoun change order #17, a one-line credit of $129,352.16 that returns unused contract allowances to the district after project closeout work and contingency management.
Silver Creek School Corporation trustees approved Calhoun change order #17 on Sept. 23, accepting a one-line credit of $129,352.16 to the district's construction program.
Nut graf: School officials said the credit represents unused built-in allowances in the Calhoun contract. Those allowances are similar to contingency funds but are included in the contract to cover unforeseen items. Staff said good contract and contingency management left funds available at closeout, and the district will record the credit back to project accounts.
During the meeting Dr. Balmer described the change order as "nothing but a credit" and explained it as "a one-line item change order" that deducts $129,352.16 from the contract total. He said the contract included built-in allowances for unforeseen work and that careful management produced the return. Board members moved and approved the item during the action portion of the agenda.
What happens next: Facilities staff will record the credit in the project accounting and include it in the final closeout reports; the board noted the credit will return to the district. No new expenditures were approved with this action.
Why it matters: The six-figure credit reduces the district's net project cost and frees funds for other district uses; it reflects the project reaching closeout and the district capturing savings from allowances that were not needed.
Details: Calhoun change order #17 is described in the board packet as a one-line credit in the amount of $129,352.16. The board approved the change order by voice vote at the Sept. 23 meeting.
