PRHS's $36 Million Expansion/Renovation Project Coming in Under Budget
The Pine-Richland High School project is estimated to cost about $216,000 less than expected.
Photos
Pdfs
Nearly all the bills have been paid for the $35.9 million expansion/renovation project for Pine-Richland High School and the projected final tally shows the project will come in at about $216,000 under budget.
That is what Assistant Finance Director Ryan Manzer told the Pine-Richland School Board on Monday night.
The numbers reflect savings on financing costs and furniture plus the remaining construction contingency, according to documents provided to the board.
Here is a summary of overall costs. For more details, click on the PDF of project costs in the photo box to the right.
| PRHS EXPANSION PROJECT | Original | Projected | Projected |
| as of 12/31/2012 | Budget | Costs | Variance |
| Financing | $702,653 | $411,918 | 290,735 |
| Pre-Construction / Construction | $3,698,444 | $4,266,666 | (568,222) |
| Construction | $26,788,649 | $27,939,409 | (1,150,760) |
| Insurance | $692,085 | $721,461 | (29,376) |
| Other Expenditures | $2,714,587 | $2,380,491 | 334,096 |
| Construction Contingency | $1,339,432 | 1,339,432 | |
| Total Costs | $35,935,850 | $35,719,945 | 215,906 |
__________________________
Please help us get to 1,000 Facebook “likes” by clicking here and “liking” us.
Check out some of today's other top stories here.
