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Princeton ISD trustees approve $21.85 million GMP for Jackie Hendricks Stadium renovation
Summary
The Princeton Independent School District Board of Trustees unanimously approved a Guaranteed Maximum Price (GMP) of $21,853,422 for the Jackie Hendricks Stadium and Field House renovation during its Oct. 21 meeting.
The Princeton Independent School District Board of Trustees voted unanimously Oct. 21 to approve a Guaranteed Maximum Price for the Jackie Hendricks Stadium and Field House renovation.
Trustee Bob Lovelady moved to approve “the GMP, Guaranteed Maximum Price, for the Jackie Hendricks Stadium and Field House Renovation as presented in the amount of $21,853,422.” Trustee Carlos Cuellar seconded and the motion passed unanimously. The board record lists the approved GMP amount as $21,853,422.
Board members did not record additional debate in the minutes; the motion establishes the formal contract ceiling for the project and clears the way for procurement and construction phases to proceed under that price cap. The district’s construction update was listed among the information items presented earlier in the meeting.
