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Salem building committee says project remains on budget as team finalizes MSBA submission and schedules city votes
Summary
The Salem High School Building Committee reviewed schematic-design cost estimates and told residents the project is "on budget" as it prepares a Dec. 17 submission to the Massachusetts School Building Authority. The committee outlined a Dec. 11 review, January city filings and a May special election (debt exclusion) for voter approval.
Salem High School Building Committee members met Dec. 3 for a brief update on the project budget and schedule as the team prepares a required submission to the Massachusetts School Building Authority (MSBA). Margaret, a project presenter, said the submission is due Dec. 17 and that the committee will meet on Dec. 11 to review materials and consider authorizing the filing.
Margaret described the MSBA template that requires four figures: the designer’s estimated construction cost, the OPM’s independent construction estimate, the owner’s total project-cost estimate (including soft costs), and the reaffirmed project budget from the preferred schematic submission. She said the designer’s estimate was rounded to "$3.70" and the OPM (Shawmut Rich partnership) estimate was "$3.81," about a 3% difference that the team will reconcile before submission.
Davida, the estimating-team presenter, said the consultants…
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