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The committee unanimously approved transfers of $562,796.77 to Barnum School’s owner contingency and $554,094.91 to Norton School’s owner contingency. It also approved construction, technology, equipment, and service payments, along with multiple change orders and purchase orders for the two school projects.
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The budget transfers move projected unused or encumbered funds and bid savings into reserve accounts for remaining work at Barnum and Norton. Reported contingency balances were approximately $13 million for Barnum, including GMP contingency, and $6.1 million for Norton. The committee also reviewed a recovery plan because Barnum’s construction schedule was running later than expected, but the provided minutes excerpt does not include the full revised completion schedule.
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