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Carpinteria board approves $7.54 million GMP and increases bond allocation for Aliso TKK project
Summary
The Carpinteria Unified School District board approved a $7,539,885 guaranteed maximum price (GMP) and increased bond allocation for the Aliso TKK building, citing higher foundation and soft costs after updated geotechnical reviews; the board also authorized lease-leaseback documents.
The Carpinteria Unified School District board on Jan. 13 approved a guaranteed maximum price of $7,539,885 for the Aliso TKK building and moved to increase the project’s bond allocation from $7,412,624 to $9,047,862 to cover higher material, labor and soft costs.
District staff and project consultants told trustees the largest cost drivers were revised geotechnical borings and additional regulatory review. The district presented a revised construction estimate and said a peer review…
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