Lubbock ISD to seek third-party bond management services; RFP in development
Administration reported that a request for proposals is being developed to evaluate third-party bond management services to provide construction oversight and maximize bond funds for instructional projects; administration said budgets are being monitored and the first elementary school projects are targeted for bid advertisement near the end of the calendar year.
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The Facilities Committee was told that district staff are developing a request for proposals to evaluate third-party bond management services to provide oversight during construction. Administration said the objective is to maximize the portion of bond funding directed toward instructional projects rather than administrative costs by outsourcing some oversight responsibilities.
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