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Referendum projects largely on track; Robert Smalls shows liquidated damages accumulating
Summary
CLOC chair Mike McNally and follow-up speaker Ray Warco reported the district's referendum projects are mostly on schedule and on budget. They flagged Robert Smalls Leadership Academy as red due to incomplete substantial completion from contractor JE Dunn, noting liquidated damages accumulating at about $750 per day. The '23 referendum totals and contingency figures were presented.
The community oversight committee (CLOC) provided its quarterly update on referendum projects and finances during the Aug. 13 meeting.
Chair Mike McNally reviewed committee membership and reported that most major projects are green (on schedule and on budget), but Robert Smalls Leadership Academy remained in red status because JE Dunn had not reached substantial completion for part of phase 2. McNally said liquidated damages for that contract were "accumulating at a rate of $750 a day" and that the work was progressing and expected to finish.
Ray Warco and other committee members summarized the referendum financials: the initial 2019 referendum started with about $344.61 million and bond premiums were added subsequently; the '23 referendum is $439 million, and staff said the committee had committed just over $100 million in the first year while leaving approximately $338 million to be allocated. Committee members reported combined contingencies of around $28 million and that most project contracts and subcontracts were in closeout or completed stages.
Provenance: CLOC presentation at SEG 312–371 and finance slides through SEG 695.
