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Project presenter warns of a possible $23 million overrun in proposed high-school construction
Summary
At a city council meeting, the project presenter outlined contingency plans and possible overage scenarios for a proposed new high school, citing inflation, subcontractor pricing and steel-tariff risk; a motion was moved near adjournment but no vote was recorded.
The project presenter told the City Council that contingencies are in place but warned that inflation and subcontractor pricing — particularly the risk of further steel tariffs — could push the high-school construction project over budget.
The presenter said the team has “very detailed budgets” for every division of work and uses early procurement packages and competitive bids to reduce escalation risk. He said $17,000,000 of contingency is currently accounted for and that the project team is watching site utilities, demolition and design unknowns that could produce additional costs.
Why it matters: Council members and the project team framed the discussion as a choice between moving now to lock in…
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