Capital bids come in lower; contingency remains substantial
The Capital Projects Committee reported final bids for several contracts came in below earlier estimates; staff said the package (including contingency) would be submitted to the state and that contingency remains significant ($4.5 million noted).
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Town staff told the Finance Committee that final bids for several capital contracts (referred to as contracts 2, 4 and 5) arrived and came in below previous estimates. A staff member said the numbers had dropped from initial budgets and that the capital submission would be finalized and sent to the state.
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