Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Bond oversight committee hears Palatka Intermediate closeout numbers and contingency use
Summary
Committee members were told Palatka Intermediate is near closeout, with the contractor reporting roughly $500,000 in remaining contingency and about $4 million underspend returning to bond funds; members pressed for a clearer public-friendly cost summary and a breakout of consultant (CRA) payments.
The Putnam County Bond Oversight Committee on Nov. 18 heard a closeout update for the Palatka intermediate school project, where construction managers said most punch-list work is complete but a handful of items — including soffit wall coverings, final security camera installations and a covered-play area still awaiting soil borings — remain.
"I think about 4,000,000," Doctor Hunter said when asked how much the project is under the guaranteed maximum price (GMP), referring to unspent funds the contractor said would return to the bond pool. Contractor…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
