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Greenwich Board OKs $6.28 million interim appropriation to lock in Old Greenwich School GMP
Summary
The Greenwich Board of Education voted 8-0 Jan. 5 to authorize an interim appropriation of $6,277,940 to sign a guaranteed maximum price for the Old Greenwich School renovation after discussing contingency levels, bid alternates and conditioned capital funds. The board will ask the BET to release conditioned funds and seek RTM action before construction starts in April.
The Greenwich Board of Education on Jan. 5 unanimously approved an interim appropriation of $6,277,940 so the district can sign a guaranteed maximum price (GMP) to move the Old Greenwich School renovation into construction.
The action followed a presentation from James Waters, chair of the Old Greenwich Building Committee, who told the board the GMP delivered Dec. 23 demonstrates the district "would need, $6,277,940, to be able to sign the GMP." Waters and the project team outlined cost scenarios, alternates and remaining permitting steps, and said the permit is near complete pending input from the fire marshal.
Why it matters: Approving the interim appropriation clears a principal hurdle for the years-long renovation, enabling the district to…
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