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Lowell High School team asks City Council for $36.2 million to finish Phase 4
Summary
Project team told the School Building Committee that a loan order requesting about $36.2 million has been submitted to City Council to fund an additional year of work on Phase 4, covering extended general conditions, consultant extensions, subcontractor time extensions and contingency.
Project managers for the Lowell High School reconstruction told the School Building Committee on Jan. 15 that they have submitted a loan order recommendation to the City Council seeking approximately $36.2 million to extend and complete Phase 4 of the project.
Kevin Kane of Skanska, speaking for the construction team, said the city is budgeting against a $381 million total project cost. He described the $36.2 million request as a package that includes roughly $11.9 million for extended general conditions and project overhead, about $2 million each to extend the contracts with construction manager Skanska and designer Perkins Eastman, roughly $6 million for subcontractor time-and-escalation funding, and a contingency range the team put at several million dollars to cover unknowns encountered…
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