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
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