Fort Mill Town Council on Monday approved a guaranteed maximum price of $34,858,984 with Hood Construction for the town’s new operations center on Banks Road, clearing the way for a June groundbreaking on a facility that will house the public works and utilities departments.
The total cost of the project, including soft costs, design, furnishings and information technology, will run closer to $38.25 million, Assistant Town Manager Eric Davis told council. The town will pay for the work with a $25 million state appropriation secured in 2023, $10 million in installment purchase revenue bonds, and $3.25 million in cash reserves along with investment earnings on the state earmark.
Town Manager Cary Vargo said the guaranteed maximum price includes $1.25 million in contingency and $379,000 in allowances. The construction timeline was extended from 14 months to 15 months, and the contract carries a penalty of $1,000 per day if the work runs past 450 days. Brett Manilla will serve as the town’s lead project manager, with Bill Renan as secondary. Fencing around the Banks Road site is expected to go up within the week, with groundbreaking expected in June…