RCG-2390

Fairhaven Dental Group TI

CloseoutOn plan

Fairhaven Dental Group · 275 Winslow Street, Suite 100 · West Valley · Medical Office TI

Projected margin vs bid

+0.30pts

12.8% projected · 12.5% bid · +6,385

Project manager

J. Castellanos

Superintendent

K. Doyle

Project executive

R. Arden

Start

10 Nov 25

Substantial completion

25 Jun 26(was 19 Jun 26, +6d by CO)

Field schedule

5 days behind

Superintendent’s note · Substantial completion 24 Jun. Punch closed 31 Jul. Retention release pending the owner's final lien waiver package — 77 days outstanding.

Revised contract

$1.17M

$1.15M contract + $23k in 6 approved COs

Projected final cost

$1.02M

revised budget $1.03M

Cost variance

+$3,850

projected final cost against revised budget

Cost to date

$1.01M

99% of projected final cost

Billed to date

$1.16M

99% of contract · overbilled $1

Retention held

$77k

5% withheld by owner, reduced from 10% at 50%

Value at risk

no unapproved work in progress

Progress

Cost percent complete: 99%
Field percent complete: 98%
Schedule percent elapsed: 100%

76 days past the contract completion date with $9,100 of cost still to spend.

Margin bridge

Margin in the bid1,150,000 at 12.5%	143,750
+Margin on approved change orders6 approved · 22,935 sold against 20,400 of cost	2,535
+Cost variance against revised budgetoverruns and savings across 12 cost codes	3,850
= Projected margin12.8% of 1,172,935	150,135

Largest movers

08 Openings	(1,350)
21 Fire Suppression	1,050
09 Finishes	1,450
23 HVAC	2,250

Open exposure

Cost code detail

Projected final cost = cost to date + remaining committed + uncommitted budget + unapproved change order exposure + PM forecast adjustmentOver budget only (4)

	Original budget	Approved COs
01 General Requirements	104,150	—	104,150	36,150	104,150	700	104,850	(700)	99%	97%
02 Existing Conditions	36,500	—	36,500	37,050	36,350	700	37,050	(550)	98%	100%
03 Concrete	15,600	3,800	19,400	18,950	18,950	0	18,950	450	100%	98%
05 Metals	20,900	6,700	27,600	27,350	27,350	0	27,350	250	100%	100%
06 Wood & Plastics	62,600	—	62,600	62,300	62,100	200	62,300	300	100%	97%
07 Thermal & Moisture	15,600	—	15,600	15,450	15,400	50	15,450	150	100%	100%
08 Openings	67,800	—	67,800	69,150	68,550	600	69,150	(1,350)	99%	100%
09 Finishes	177,300	9,300	186,600	184,450	180,600	4,550	185,150	1,450	98%	97%
21 Fire Suppression	31,300	—	31,300	30,250	30,250	0	30,250	1,050	100%	98%
22 Plumbing	73,000	—	73,000	72,150	70,950	1,200	72,150	850	98%	100%
23 HVAC	187,700	—	187,700	185,450	184,350	1,100	185,450	2,250	99%	100%
26 Electrical	213,800	600	214,400	214,700	214,700	0	214,700	(300)	100%	98%
Total — 12 cost codes	1,006,250	20,400	1,026,650	953,400	1,013,700	9,100	1,022,800	3,850	99%	98%

Rows expand to the subcontracts, purchase orders and invoices behind the committed and actual figures. Committed on every line is the sum of the commitments listed inside it; actual is the sum of the invoices and direct costs booked against it.

Subcontractor insurance certificates on this job: 18 firms under contract, 1 with an expired or expiring certificate.