PHASE II UPdate February 2022

Project Schedule Update

February Updates

• Slab Poured Area C
• MEPFP Rough-Ins
• Masonry Block Areas A & C
• Steel Erection
• Exterior Wall Framing and Sheathing Areas A/B
•  Roof Truss Installation Area A
• Site Utilities

Substantial Completion Estimate: Winter 2022

The following RFI’s are Outstanding:

• Plumbing Clarifications
• Lugs at Panel H1S
• Cleanouts Area B 2nd Floor
• AV Supply Chain Substitution

Critical Submittals:

• Roofing Submittals
• Glazing Submittals
• Flooring Submittals
• Food Service Equipment
• Roller Shad Submittals
• Ductwork Submittals

Schedule Risks

• Unforeseen Conditions
• Potential Material Delivery Delays
• Weather
• Potential Labor Shortage

Budget Risks

• Unforeseen Conditions

Contingency Budget

Original Contingency:  $755,200 

Contingency Spent: $68,234

Anticipated Changes: $77,852

Anticipated Contingency Remaining:   $609,114

*Anticipated changes are being tracked and discussed in bi-weekly OAC meetings.

Unknown Conditions Allowance

Original Allowance: $100,000

Remaining Allowance: $91,133

Construction Contract

McGrath Early Site Work (Completed Work)

L. Keeley Construction Original Contract: $1,228,264

Total CO’s (x2): ($14,043)

Current Contract: $1,214,221

Projected Contract: $1,214,221

Total Projected Savings Against Bond: $14,043

McGrath Building (Work In Progress)

ICS Construction Original Contract: $15,104,000

Changes to Date: $68,234 (*thru CO #2) Current Contract: $15,172,234

Projected Spent Contingency: $200,000

Projected Contract: $15,372,234

Total Projected Savings Against Bond: $500,000