BEVERLY — The city has enough money left in its "contingency" fund to bring the $80.8 million high school project in on budget, the city's finance director said.
The city has about $1 million remaining out of the $2.8 million it had set aside at the beginning of the project to cover any "change orders" from the original budget, according to Finance Director John Dunn.
With construction about 75 percent complete, Dunn said the $1 million should be enough to pay for any more unforeseen costs.
"For the most part, we think that the big-change orders have been identified," he said.
The biggest change in the budget so far has been the $310,934 extra spent for terrazzo flooring. Dunn said it was decided to use terrazzo, which lasts longer and requires less maintenance, over a bigger section of the new academic wing than was originally planned.
Dunn said many of the change orders have come from the renovation part of the project, when plumbing, electrical or structural problems are discovered when ceilings and walls are taken down.
The project involves building a four-story academic wing and renovating the current field house, cafeteria and auditorium. Students and teachers are scheduled to move into the new building Nov. 30.
The entire project, including demolition of the current academic wings and parking lot and landscaping work, won't be complete until December 2011.
The Massachusetts School Building Association is scheduled to reimburse the city for 58.42 percent of the total cost of the project, or about $47.5 million, Dunn said. The city will pay about $33 million.
Staff writer Paul Leighton can be reached at 978-338-2675 or pleighton@salemnews.com.
Sister Says She Reported Brother in Patz Killing
Patz Suspect's Sister: I Went to Police in 1980s
Diplomatic Expulsions Follow Fresh Syria Report
15 Dead in Northern Italy's 5.8-magnitude Quake
Angry Birds Spreading Their Wings
Witness Describes Fla. Face-chewing Attack
Man Falls Off Crane, Dies After Police Standoff
Russia Condemns Ally Syria Over Massacre of 108
Dairy Farm Uses Chiropractor to Help Cows
Unexpected Smog in Pristine National Parks
Air Canada Plane Makes Emergency Landing
New Ticks Spread Across Southeast, Diseases Rise
Bring Your Own Tech Programs Charge Up Students
Pope's Butler Vows to Help Vatican Investigation
Mother of Allegedly Abused Girl Denies Claims
Raw Video: 19 Dead in Qatar Shopping Mall Fire
Service Dogs Help Wash. Soldiers Battling PTSD
Raw Video: Heckler Bursts in on Blair Testimony
Japan Farmers Plant, Seek Radiation-free Rice
