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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.

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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