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Project finance: presenter lists pay‑to‑date, contingency balances and proposed bundled change orders
Summary
Presenter reported two invoices for June and a pay‑to‑date figure recorded in the transcript as '40,000,000' (units not specified); contingency columns discussed total roughly 2.3 (units not specified) and the presenter proposed bundling three small change orders totaling about 11,912 into one submission for faster approval.
Presenter (Speaker 6) delivered the financial update, stating only two invoices were sent this month and that "pay to date were 40,000,000 in paid today" (amount and currency are presented in the transcript without specified units). The presenter said bid savings remain and that the project maintains a relatively healthy contingency balance. Committee members asked how an extended schedule might affect contingency balances.
Presenter (Speaker 6) detailed three proposed change orders and suggested bundling them into one package to expedite approval: telescoping vents in bathrooms (~$2,300), exploratory 8‑inch water supply line work on Route 20 (~$2,019), and a curtain wall/storefront framing change (~$7,593). The presenter said he would combine the three into one change order and email the package to the committee for approval rather than waiting a month for separate approvals.
