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School Building Committee approves temporary $2 million transfer to construction contingency
Summary
The School Building Committee on Oct. 30 approved Budget Revision Request No. 3, temporarily moving $2 million from FF&E and $200,000 for testing into the construction contingency to keep the high school renovation project running while the city completes a loan order and MSBA funding amendment.
The School Building Committee approved a temporary budget shift on Oct. 30 to cover near-term construction needs for the high school renovation.
Mister Baldwin, School Building Committee member, moved to approve Budget Revision Request No. 3, which the committee adopted by roll-call vote. The revision temporarily transfers $2,000,000 from the project’s FF&E (furniture and fixtures and computer equipment) budget into construction contingency and moves $200,000 from owners’ contingency into testing fees.
Mister Dowd, staff member, told the committee that the project has a limited construction contingency and that near-term change requests could exhaust that balance. “We have $2,200,000 remaining. We have…
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