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Princeton ISD approves $40.6 million GMP for Abbott Elementary
Summary
The Princeton ISD Board of Trustees unanimously approved a Guaranteed Maximum Price (GMP) of $40,634,158 for Abbott Elementary School and included the approval as part of capital project planning. The minutes do not include contract details or payment schedule.
The Princeton ISD Board of Trustees unanimously approved a Guaranteed Maximum Price (GMP) of $40,634,158 for Abbott Elementary School during its Jan. 21, 2026 regular meeting.
Trustee Starla Sharpe moved to approve the GMP, and John Campbell seconded; the motion passed unanimously. The minutes record the dollar amount and the board's approval but do not include contract exhibits, payment schedule, or scope details in the transcript. The approval was made after the board returned from executive session late that night.
The vote was recorded in open session and the board placed the project within the district's capital plan. The minutes do not specify which contractors will perform the work, the GMP breakout, nor a construction timeline. Board materials or the full contract packet would be needed to confirm those details.
