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New Albany-Plain Local officials say new elementary school is over budget, plan to seek GMP approval Dec. 8
Summary
District staff told the board the new K–2 elementary school design has been value-engineered but remains over budget; administration plans to present a guaranteed maximum price (GMP) recommendation at the Dec. 8 meeting and flagged contingencies for escalation and design allowances.
District administrators told the New Albany-Plain Local Board of Education on Nov. 10 that the planned new elementary school is currently over budget despite multiple rounds of value engineering and that the construction manager at risk will present a guaranteed maximum price (GMP) recommendation on Dec. 8.
Mike Mancini, preconstruction manager for Resili, described GMP 1.1 as an early-site package that covers earthwork, underground retention, demolition and early electrical procurement (generators, switchgear and panels) to protect the schedule. Mancini said the early site portion in the GMP 1.1 column is approximately $3.5…
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