RCG-2447

Redstone Self-Storage Conversion

FinishesOn plan

Redstone Storage Partners · 1155 Foundry Row · South Metro · Adaptive Reuse

Projected margin vs bid

+0.80pts

14.3% projected · 13.5% bid · +11,241

Project manager

L. Navarro

Superintendent

V. Petrov

Project executive

R. Arden

Start

26 Jan 26

Substantial completion

29 Oct 26(was 16 Oct 26, +13d by CO)

Field schedule

1 days behind

Superintendent’s note · Unit partitions complete on levels 1 and 2. Access control commissioning the week of 21 Sep. Tracking to the contract date.

Revised contract

$919k

$890k contract + $29k in 6 approved COs

Projected final cost

$787k

revised budget $795k

Cost variance

+$7,800

projected final cost against revised budget

Cost to date

$654k

83% of projected final cost

Billed to date

$793k

86% of contract · overbilled $30k

Retention held

$62k

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

Value at risk

no unapproved work in progress

Progress

Cost percent complete: 83%
Field percent complete: 82%
Schedule percent elapsed: 82%

50 days to substantial completion with $133,350 of cost still to spend.

Margin bridge

Margin in the bid890,000 at 13.5%	120,150
+Margin on approved change orders6 approved · 28,791 sold against 25,350 of cost	3,441
+Cost variance against revised budgetoverruns and savings across 15 cost codes	7,800
= Projected margin14.3% of 918,791	131,391

Largest movers

08 Openings	(1,100)
07 Thermal & Moisture	1,050
05 Metals	1,600
02 Existing Conditions	2,950
09 Finishes	4,000

Open exposure

Cost code detail

Projected final cost = cost to date + remaining committed + uncommitted budget + unapproved change order exposure + PM forecast adjustmentOver budget only (5)

	Original budget	Approved COs
01 General Requirements	76,850	—	76,850	26,350	64,350	12,500	76,850	—	84%	86%
02 Existing Conditions	69,300	—	69,300	68,450	64,650	1,700	66,350	2,950	97%	94%
03 Concrete	38,500	5,150	43,650	43,300	39,100	4,200	43,300	350	90%	91%
04 Masonry	15,400	—	15,400	15,150	13,400	1,750	15,150	250	88%	91%
05 Metals	46,200	6,750	52,950	51,350	47,400	3,950	51,350	1,600	92%	93%
06 Wood & Plastics	15,400	—	15,400	15,350	10,100	5,250	15,350	50	66%	65%
07 Thermal & Moisture	46,200	2,300	48,500	47,450	39,500	7,950	47,450	1,050	83%	81%
08 Openings	53,900	—	53,900	55,000	43,350	11,650	55,000	(1,100)	79%	75%
09 Finishes	92,400	4,650	97,050	95,150	66,400	26,650	93,050	4,000	71%	73%
21 Fire Suppression	46,200	—	46,200	45,500	39,450	6,050	45,500	700	87%	83%
22 Plumbing	30,800	—	30,800	30,900	27,050	3,850	30,900	(100)	88%	84%
23 HVAC	46,200	—	46,200	46,650	39,450	7,200	46,650	(450)	85%	88%
26 Electrical	107,800	4,650	112,450	113,300	97,650	15,650	113,300	(850)	86%	84%
31 Earthwork	23,100	—	23,100	22,950	21,250	1,700	22,950	150	93%	95%
32 Exterior Improvements	61,600	1,850	63,450	64,250	40,950	23,300	64,250	(800)	64%	61%
Total — 15 cost codes	769,850	25,350	795,200	741,100	654,050	133,350	787,400	7,800	83%	82%

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: 22 firms under contract, 1 with an expired or expiring certificate.