The District and Gilbane Building Co. have reached
agreement
on a Guaranteed Maximum Price (GMP) contract of $22,860,574. The restoration of Fernway Elementary will be $15,811,155 and $7,049,420 is for District-wide improvements that occured in 2019. The GMP contract places a guaranteed maximum dollar amount the District will be required to pay.
The contract for the Fernway project includes $700,000 for basic sitework, $314,056 for cabinet work inside classrooms, $290,035 for additional storage area, $116,785 for air conditioning, and $369,041 in revisions to make the building ADA compliant and to meet city mechanical and electrical codes. The District realized a savings of approximately $210,000 by opting for high-quality rubber tile flooring that is durable, requires little maintenance and provides better acoustics in the classroom. Although original plans did not include air conditioning, installing it at this time is sensible because the actual cost is much lower than originally anticipated and because it provides the District with an opportunity to present Fernway as a twenty-first century model for our facilities moving forward.
The completion date for Fernway continues to be July 20, 2020, with the building opening for the 2020-2021 school year. The project is progressing as planned and should meet all completion dates that have been reported to the Board of Education.
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