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Board of Education Approves Woodbury Guaranteed Maximum Price #2
On Tuesday, the Board of Education approved a Guaranteed Maximum Price (GMP) resolution from Gilbane Building Co. for the second phase of construction at Woodbury. This GMP covers the development of the building pad for new construction as well as external demolition of the current structure’s “wings.” The GMP commits that this phase of work will be completed at an agreed upon cost not to exceed approximately $1.75 million.
The Board of Education approved the GMP for the first phase of construction on March 11. That work included asbestos abatement and selective demolition. The Board will be asked to approve a GMP for the third and final phase at a later date.
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