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Newport‑Mesa trustees approve lease‑leaseback and final guaranteed maximum price for summer construction across 26 schools
Summary
The Newport‑Mesa Unified School District board voted 6‑0 to ratify a lease‑leaseback with Swinerton Builders and approve the final guaranteed maximum price (GMP) for summer projects across 26 of the district’s 33 schools, citing construction inflation and contingency plans for potential delays.
The Newport‑Mesa Unified School District Board of Education voted 6‑0 to ratify a lease‑leaseback agreement with Swinerton Builders and approve Amendment 1 establishing the final guaranteed maximum price for a package of summer construction and renovation projects in the Costa Mesa and Estancia High School zones.
Jeff, a district staff member presenting the item, told trustees the request authorizes work this summer on audio‑visual upgrades, playgrounds, restroom renovations and other facilities improvements intended to address deferred maintenance and to take advantage of current market conditions. “So what you have before you this afternoon is the approval of the final guaranteed maximum price for these projects that we'll be doing over the summer,” Jeff said.
The district cited a year‑over‑year construction inflation index of 5.58 percent from the California Department of General Services…
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