Board sets aside the YMCA expansion's last $83,000 as an owner contingency fund
How we attribute this: speaker_122 → Mark Merrill — the chair names him immediately before he speaks: "...the why renovation talk in so mark merrill yep uh thank you so uh this will" [t=449], and this label continues the same sentence and presentation without interruption: "be gmp number three um currently there is no owner contingency allowance in the budget..." [t=457]. One naming event by direct address (not self-stated), so held at `probable` per the meeting's speaker roster.
Who it touches
- Terre Haute YMCA
Tracked in the archive
The Terre Haute Board of Public Works and Safety approved a third amendment (GMP 3) to the construction contract for the YMCA expansion, creating an owner-contingency fund — money set aside for problems outside the contractor's control, like unexpected asbestos — that the project's budget didn't have until now. 0:07:29 — open the recording, cued to 7 minutes 29 seconds
Mark Merrill, presenting the project, told the board GMP2 (the contractor's prior guaranteed maximum price — a construction contract that caps what the contractor can charge) was $11,517,000 against a total project budget of $11,600,000, leaving about $83,000 with no line item; this amendment assigns that remainder to the new contingency fund. 0:07:37 — open the recording, cued to 7 minutes 37 seconds
He said the project has already drawn on a separate construction-contingency fund for smaller asbestos-abatement work, which is the owner's responsibility rather than the contractor's. 0:08:10 — open the recording, cued to 8 minutes 10 seconds
More from the record
- Voice vote approval0:09:56 (9 minutes 56 seconds)
Outcome
Approved on a voice vote; no per-member tally was recorded.
Approved on a voice vote; no per-member tally was recorded.
This summary was drafted with AI assistance and reviewed by an editor against the recording and documents linked above. Nothing publishes without a resolvable source.