RCG-2451

Beacon Health Medical Office TI

Rough-InBelow bid margin

Beacon Health Partners · 1420 Alder Creek Parkway, Suites 200–260 · North Metro · Medical Office TI

Projected margin vs bid

−2.03pts

9.0% projected · 11.0% bid · (68,007)

Project manager

D. Whitfield

Superintendent

M. Ferraro

Project executive

T. Hollis

Start

02 Mar 26

Substantial completion

03 Jan 27(was 18 Dec 26, +16d by CO)

Field schedule

12 days behind

Superintendent’s note · Level 2 ceiling close-up held pending resolution of CO-014. Imaging suite float fully consumed; recovery plan depends on a decision by 25 Sep.

Revised contract

$4.39M

$4.20M contract + $193k in 11 approved COs

Projected final cost

$4.00M

revised budget $3.91M

Cost variance

−$90,600

projected final cost against revised budget

Cost to date

$2.34M

59% of projected final cost

Billed to date

$2.64M

60% of contract · overbilled $73k

Retention held

$213k

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

Value at risk

$110k

2 change orders built without approval

Progress

Cost percent complete: 59%
Field percent complete: 55%
Schedule percent elapsed: 62%

116 days to substantial completion with $1,658,600 of cost still to spend.

Margin bridge

Margin in the bid4,200,000 at 11.0%	462,000
+Margin on approved change orders11 approved · 193,443 sold against 170,850 of cost	22,593
+Cost variance against revised budgetoverruns and savings across 12 cost codes	(90,600)
= Projected margin9.0% of 4,393,443	393,993

Largest movers

23 HVAC	(92,550)
01 General Requirements	(26,000)
02 Existing Conditions	(17,000)
22 Plumbing	(6,350)
21 Fire Suppression	(1,150)

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

387,300

—

387,300

127,450

242,950

170,350

413,300

(26,000)

59%

60%

02 Existing Conditions

135,600

14,300

149,900

151,700

147,650

19,250

166,900

(17,000)

88%

95%

03 Concrete

58,100

11,900

70,000

67,900

54,500

13,400

67,900

2,100

80%

76%

05 Metals

77,500

—

77,500

66,650

62,350

4,300

66,650

10,850

94%

96%

06 Wood & Plastics

232,400

35,000

267,400

266,600

62,750

204,650

267,400

—

23%

18%

07 Thermal & Moisture

58,100

—

58,100

56,450

33,500

22,950

56,450

1,650

59%

60%

08 Openings

251,800

—

251,800

240,450

126,100

114,350

240,450

11,350

52%

48%

09 Finishes

658,500

24,800

683,300

670,300

264,100

406,200

670,300

13,000

39%

31%

21 Fire Suppression

116,200

9,600

125,800

126,950

79,900

47,050

126,950

(1,150)

63%

61%

How the forecast is built — 21 Fire Suppression

Cost to date	79,900
+Remaining committed (subcontracts and POs)	47,050
+Uncommitted balance — scope fully bought out	—
= Projected final cost	126,950
Revised budget	125,800
Variance	(1,150)

Field progress

Field percent complete is 61%, set by DL-2451-035 on 08 Sep 26, filed by M. Ferraro.“Branch lines and drops installed at the new ceiling elevations.”

Change orders affecting this code

CO-012Sprinkler main reroute at Level 2 imagingApproved9,600

Commitments against this code

Commitment	Subcontractor / supplier	Value	Invoiced	Retention	Outstanding	Billed %	Field %
SC-2451-2101Subcontract	Guardian Fire SystemsWet sprinkler system, standpipe and fire pump testing	126,950	79,900	6,081	47,050	63%	59%

22 Plumbing

271,200

7,950

279,150

278,300

196,050

89,450

285,500

(6,350)

69%

66%

23 HVAC

697,200

16,200

713,400

720,550

538,200

267,750

805,950

(92,550)

67%

62%

26 Electrical

794,100

51,100

845,200

831,700

532,800

298,900

831,700

13,500

64%

Total — 12 cost codes

3,738,000

170,850

3,908,850

3,605,000

2,340,850

1,658,600

3,999,450

(90,600)

59%

55%

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.