Memorandum
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This memorandum discusses the recommendation to increase the construction contingency for the Guadalupe River Park Ranger Station Demolition Project from 10% to 20%, totaling $132,792. The increase of $66,000 is necessary to cover unforeseen costs encountered during construction. The project is currently 50% complete and is expected to finish by the end of July 2025. An additional $71,000 is also requested for project delivery costs. The total remaining project costs are approximately $1,000,000, with a remaining budget of $889,000, indicating a need for additional funding.
Key points
- Recommendation to increase construction contingency from 10% to 20%.
- Total contingency amount after increase will be $132,792.
- Additional $66,000 needed for unforeseen construction costs.
- Project is 50% complete and expected to finish by the end of July 2025.
- Total remaining project costs are approximately $1,000,000.
- Remaining budget is $889,000, indicating a need for additional funding.
Limitations
- The document contains placeholders and unfilled options that affect the summary.
- Specific dates and dollar amounts are mentioned but not detailed in the summary.
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