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Board approves $1 million contingency increase for T.M. Clark elementary project
Summary
The board authorized increasing the Owner's Contingency for the Bond 2023 New T.M. Clark Elementary School project from $1,252,342 to $2,252,342 and approved budget amendments including use of General Fund balance; vote 7–0.
During its March 30 meeting Gregory‑Portland ISD's board approved an increase to the Owner's Contingency for the Bond 2023 New T.M. Clark Elementary School project, raising contingency from $1,252,342 (2.59% of the original GMP) to $2,252,342 (4.56% of the updated GMP).
Mark Roach moved to approve the administration's recommendation and Nicole Nolen seconded; the motion passed unanimously. The board authorized necessary budget amendments, including use of General Fund balance to support the contingency increase. District materials tied the change to project schedule and completion timeline considerations.
The amendment increases the district's immediate budget exposure for the Clark project and signals adjustments to project risk management and schedule oversight as construction progresses.
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