Project Manager David Griggs, with Etkin Skanska Inc., reported at the April 27 regular meeting of the Oxford Schools Board of Education that the school district’s bond issue is currently $976,931 over budget.
Griggs informed board trustees ‘there is an overage? and ‘it has increased;? however, he also stated that there are more change orders yet to come.
‘I haven’t brought any change orders to be deducted because the numbers aren’t ready yet,? he explained.
Two specific projects are currently over their individual allotments in the district.
What will be the new Oxford Middle School, currently the high school, is $4,334 over the bond issue amount of $6,512,588.
Griggs told board members the work in this building is 75 percent complete, but there are still a couple areas to complete, such as the auto shop and carpeting.
The soon-to-be Oxford High School, currently the middle school, is $1,406,715 over the allotted $52,396,963 bond amount.
Costs have increased in several areas of this project; with the contingency fund alone, which was set at $1,977,300, being overdrawn by $1,462,035.
Cost savings from other projects in the district have aided in bringing the total overage down; and Griggs informed board members he is bringing the higher numbers in order to present the ‘worst case? scenario.
‘Now we are going to fix this,? he stated. ‘This is not coming back to Oxford.?
‘I believe the bond has to support itself, so this has to get to zero.?
Look for more details on this issue in future editions of The Oxford Leader.