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Chair previews $6 million interim request for Central Middle School contingency
Summary
The Chair told the committee the CMS building committee approved an interim request to add $6 million to the owner’s contingency (currently about $783,000 unallocated); the chair recommended a conditional release tied to vendor negotiations and said contractor contingencies could yield offsets.
The BET chair previewed a Central Middle School update, saying the CMS building committee approved an interim request to replenish the owner’s contingency by $6 million.
The chair said the project’s unallocated owner contingency stood at about $783,000 and the contractor’s contingency was approximately $2 million, with some additional potential returns to the town from favorable contractor events. "Given the schedule of meetings it was important to get this done," the chair said, and recommended the BET condition spending so that the building committee must return when vendor negotiations are complete before releasing particular funds.
Committee members requested more detailed phase‑level charts and a breakdown of allowances (including an allowance for PCBs the presentation mentioned). The chair and building committee agreed to circulate phase charts and a memo to the BET and BOE prior to their upcoming votes.
Next steps: the BOE will take the interim request up at its Thursday meeting; the BET expects to work through a vote in May and the RTM will consider the appropriation in June per the project’s calendar.
