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PBA approves $2.25 million exterior reinforcement and construction contract amendment for Investors Capital Building
Summary
The PBA approved a $2,249,121 allocation from PBA bonds and an amendment to the construction contract with Lingo Construction to reinforce the Investors Capital Building after architects found inadequate structural capacity in exposed concrete and masonry.
The Public Buildings Authority approved a plan to reinforce structural members of the Investors Capital Building and amended the construction contract to authorize the work, allocating $2,249,121 from PBA bonds for the exterior reinforcement.
Project consultants told the PBA that removal of the brick veneer exposed low-strength, non-composite concrete and masonry that had become load-bearing. Stan Lingo of Lingo Construction described the solution as a concrete-and-steel combination to carry the curtain-wall and veneer anchors and to make the structure composite. Lingo said the work requires fire-rating and some interior rework but is designed to provide a long-term solution.
Miller Architects and the owners’ representative described plans and a target of substantial completion by July 1, 2027, to support building occupancy timelines. The PBA approved the recommended scope and an amendment to Lingo Construction’s contract to perform the reinforcement; trustees also approved allocating the bond proceeds to fund the work.
The PBA also opened bids for Metro Parking Garage project P-264-1007 and moved to tabulate and return bids to purchasing for evaluation.
Next steps: Lingo Construction will proceed with the reinforcement work under the amended contract and the PBA will monitor change orders and schedule to meet the July 1, 2027 substantial-completion target.
