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Investors Capital Building repairs grow to $2.2–$2.3M; project paused pending line‑by‑line review
Summary
Presenters told the committee that field verification found the Investors Capital Building out of plumb and that unforeseen conditions expanded scope and cost; contractors provided hard subcontractor pricing in the $2.2–$2.3 million range, and staff requested a line‑by‑line review before any budget adjustment is approved.
Aaron Lautz, the project manager for the Investors Capital Building (ICB) facade work, told the PBA advisory committee that field verification and testing discovered the building was out of plumb by an average of about 2½ to 3 inches. That condition, plus other unforeseen existing conditions, required additional structural steel, spray‑applied fireproofing and concrete work that was not in the original preliminary design.
Aaron said the preliminary order‑of‑magnitude presented in February (about $1.2–$1.4 million, excluding some MEP/framing work) grew as the design team advanced the scope and engaged subcontractors. He said the most recent subcontractor pricing puts the scope to correct the deterioration in the range of $2.2–$2.3 million.
“The project is nearly at a stopping point,” the presenter said, requesting approval of a budget adjustment to execute the intended project based on verified existing conditions. Committee members voted to receive the executive summaries and detailed cost breakdowns so staff and the owner’s representative can review the numbers line‑by‑line.
Stacy and other committee members urged a careful review: the owner’s representative and county staff should vet the subcontractor numbers before the committee recommends any budget adjustments. Members also raised schedule concerns: interior work is dependent on exterior progress, the project’s dried‑in milestone is estimated for November, and turnover was projected near July–August next year, putting some federal ARPA expenditure timing at risk if delays continue.
The committee agreed the owner’s representative would review the numbers and that staff could call a special meeting within about a week to act after the line‑by‑line review if needed.
