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Board approves $20,000 amendment to GMP for Lake Travis High School agriculture building renovation
Summary
The board approved a $20,000 increase to the Guaranteed Maximum Price for the Lake Travis High School Agriculture Building Renovation and Addition project, revising the GMP to $7,577,418 to correct a calculation error. The motion passed unanimously.
During the Sept. 18 meeting trustees approved an amendment increasing the Guaranteed Maximum Price (GMP) for the Lake Travis High School Agriculture Building Renovation and Addition project by $20,000 to correct an identified calculation error. The prior GMP was $7,557,418; the amended GMP is $7,577,418.
Trustee Phillip Davis seconded the motion moved by Trustee Kim Flasch; trustees voted 7–0 to authorize the amendment, consistent with contract terms that require board authorization for any GMP increases.
