How do we know the projects will not exceed the dollar amounts that were stated in the Bond?
The bottom line is that the numbers cannot be exceeded because the bond amount is capped.
The district does not have any money to build school buildings other than what is raised through the bond referendum. Put simply, the team understands that there is no additional money to use. It is in Johnson Controls and A&E's best interest to establish budgets that are realistic and that will not be exceeded, because at the end of the day, if the project goes over budget, the district does not have the money to spend. On top of that, the elementary district can not request additional dollars from the voters. They are limited by state law to the amount shown in the referendum.
The amounts identified in the bond are set and cannot be exceeded. The design and construction team has done extensive cost estimating to develop the project budgets based on their expertise and vast experience building similar projects in Montana and therefore they have built the project budgets around those numbers. In order to provide budget certainty, the team has allowances for unforeseen problems and for inflation. The bottom line is that the numbers cannot be exceeded because the bond amount is capped.
Questions? Please Contact:
Stephen Schreibeis at 406-377-5339 or email@example.com