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Board approves $43.9 million cap for new Juan M. Alvarado Elementary project
Summary
Southwest ISD trustees approved a guaranteed maximum price (GMP) not to exceed $43,867,934 for the Juan M. Alvarado Elementary Project and authorized staff to negotiate terms and conditions. The motion passed unanimously.
Trustees approved a guaranteed maximum price (GMP) for the Juan M. Alvarado Elementary Project not to exceed $43,867,934 and authorized district staff to negotiate the terms and conditions of the GMP.
The motion to approve the GMP was made by Trustee James Sullivan and seconded by Trustee James Gonzalez; all trustees voted in favor. The approval follows presentations and design review sessions included earlier on the agenda for multiple capital projects.
The board record notes the GMP amount and the authorization for district staff to finalize contract terms; no additional budgetary breakdown or funding source was specified in the minutes. The project was presented as part of the district's broader capital program and will proceed under the approved price ceiling.
