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Project dashboard shows $395 million GMP, buyout progress and early construction milestones
Summary
Presenters reported the school project’s Guaranteed Maximum Price at $395 million, procurement/buyout more than 70% complete, and early construction metrics showing concrete and steel progress; presenters emphasized a strategy to avoid change orders and keep the GMP unchanged.
The Revere high school project remains on its baseline path, presenters told the School Building Committee, even as the team works through procurement, submittals, RFIs and early construction milestones.
Consigli representative Darren walked the committee through a one-sheet dashboard that lists the contract/GMP at $395 million and shows a procurement buyout of roughly 70% with about 20% still to buy out. The dashboard separates a fixed GMP baseline schedule from the current outlook and highlights that the project team is trying to limit change orders by using allowances and contingency within the GMP.
Darren said the project has roughly 2,000 submittals outstanding (project-wide, including closeouts) and a bit more than 260 RFIs; he described this volume as typical for the project phase. He also described the schedule float the team is monitoring: “substantial completion is a good 40-something days” of float in the current outlook and the team is strategizing to avoid slipping the November substantial-completion date.
Financially, staff said the budget is approximately 17% complete physically while expenditures remain lower, and owner hard contingency stands at about $33.3 million. The team flagged a near-term expected National Grid back charge in July estimated at about $200,000; staff said that charge would be covered by the owner’s soft contingency if needed.
Members viewed recent site photos showing foundation walls, formed and poured walls for the auditorium and cafeteria areas, and early steel fabrication. Darren noted the structural steel is in fabrication, with shipments into July and steel erection planned shortly after the garage slab work is completed.
Committee members asked for continued reconciliation of hold amounts (staff said the full hold status is $20 million but a published figure was showing $16 million; that will be reconciled in next month’s reporting) and for periodic updates on FF&E and National Grid expenses that could affect contingency usage.
