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Whitman-Hanson building committee approves MSBA funding amendment, shifts bid savings into contingency
Summary
The Whitman-Hanson Regional School District building committee on Sept. 23 voted unanimously to execute an MSBA Project Funding Agreement amendment that lowers the listed construction budget and moves most bid savings into the construction contingency, officials said.
The Whitman-Hanson Regional School District building committee voted unanimously Sept. 23 to authorize district officials to execute an amendment to the Massachusetts School Building Authority (MSBA) Project Funding Agreement that reallocates bid savings into the project’s contingency.
The committee’s presenter said the amended agreement reduces the listed construction budget from the previously referenced roughly $135 million figure to $125,938,728 and raises the construction contingency to $10,752,000 from an original $5,000,000, saying most bid savings were moved into that contingency.…
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