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Board approves $176,640 decrease to Audubon Elementary GMP
Summary
Trustees voted unanimously to approve a final change order that reduces the Guaranteed Maximum Price for Audubon Elementary by $176,640.38, setting the GMP at $34,030,902.11 under B&C Constructors.
On Sept. 9 the Magnolia ISD Board approved Motion No. 6050 to accept a final change order for Audubon Elementary's construction contract with B&C Constructors. Trustee Jordan Blake moved and Trustee Stacia Norris seconded the motion to decrease the Guaranteed Maximum Price (GMP) by $176,640.38; the board recorded the revised GMP as $34,030,902.11.
The motion carried unanimously. The minutes do not detail the work items covered by the change order; the board record lists the dollar change and the revised GMP but does not include an itemized change-order log in the minutes distributed with the Sept. 9 meeting record.
