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Princeton ISD board approves $76,381,718 GMP for Banschbach Middle School
Summary
At its Sept. 16 meeting the Princeton ISD Board of Trustees voted unanimously to approve a Guaranteed Maximum Price of $76,381,718 for Banschbach Middle School, including alternates for Trane HVAC (1A) and a generator (2). The vote was made by Carlos Cuellar and seconded by Bob Lovelady.
At its Sept. 16 regular meeting, the Princeton ISD Board of Trustees approved a Guaranteed Maximum Price (GMP) of $76,381,718 for construction of Banschbach Middle School. Trustee Carlos Cuellar made the motion; Trustee Bob Lovelady seconded and the motion passed unanimously.
The GMP approval included alternate plans 1A (Trane) and 2 (generator). The board did not record additional funding details or a construction timeline in the publicly posted minutes. The approval authorizes the district to proceed under the approved cost ceiling; specific contract execution and project scheduling were not specified in the transcript.
The vote was recorded as unanimous among members present.
