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Design subcommittee approves two accounting housekeeping moves for Perkins Eastman contract and builder's‑risk insurance
Summary
The committee approved BRR 11 to realign allowances inside the Perkins Eastman contract (no net change) and BRR 12 to reallocate a $2,000,000 builder's‑risk plug into the owner's insurance line; staff said the actual premium was about $1,600,000 and will seek MSBA reimbursement confirmation in writing.
The Revere City design subcommittee approved two budget revision requests intended to tidy contract accounting as the project moves from design into bidding and construction.
BRR 11 reconciles line items inside the Perkins Eastman contract to reflect completed design-phase allowances and does not add or remove money from the approved contract,…
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