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

$110,408 of value at risk. 2 change orders are being built in the field without a signed change order. $98,800 of that cost is already in the forecast; none of the revenue is in the contract.

16 of 16 change ordersStatusCause

	Description						Submitted
CO-014	Abandoned pneumatic tube system and non-conforming duct, L2 plenum	Unforeseen Condition	Work Proceeding — Unapproved	86,400	96,768	9d	24 Jul 26	47
CO-011	Condensate drainage for six fan coil units	Design Error / Omission	Submitted to Owner	12,400	13,640	2d	09 Jul 26	62
CO-010	Level 1 lobby flooring — porcelain tile in lieu of LVT	Owner Request	Submitted to Owner	26,900	30,935	—	07 Aug 26	33
CO-015	Access panels at 14 VAV and valve locations	Field Coordination	Draft	7,300	8,395	—	not submitted	7
CO-002	Fire-rated ceiling assembly, Corridor C2 (ASI-014)	Design Error / Omission	Approved	24,800	27,280	3d	04 May 26	22
CO-008	Two additional Level 2 sub-panels (revised panel schedule)	Design Error / Omission	Approved	19,700	21,670	3d	29 Jun 26	21
CO-004	AHJ-required smoke dampers at six corridor penetrations	Regulatory / AHJ	Approved	16,200	17,820	2d	14 May 26	19
CO-012	Sprinkler main reroute at Level 2 imaging	Field Coordination	Approved	9,600	11,040	1d	31 Jul 26	19
CO-005	Solid surface upgrade, Level 2 nurse station	Owner Request	Approved	22,600	25,990	—	04 Jun 26	18
CO-006	Relocate 4 in. sanitary line at imaging equipment pad	Field Coordination	Approved	8,750	10,063	1d	21 May 26	18
CO-007	Badge readers and door position switches at nine openings	Owner Request	Approved	31,400	36,110	—	18 Jun 26	18
CO-003	Slab depression at abandoned chase, Level 1	Unforeseen Condition	Approved	11,900	13,685	2d	09 Apr 26	15
CO-001	Casework and hand sinks, Exam 214–218	Owner Request	Approved	18,400	21,160	—	17 Apr 26	14
CO-009	Mastic abatement under existing VCT, Suite 240	Unforeseen Condition	Approved	14,300	16,445	4d	01 Apr 26	14
CO-013	Credit — delete two exam room sinks, Suite 260	Owner Request	Approved	(6,800)	(7,820)	—	15 Jul 26	14
CO-016	Additional data drops, Suites 210 and 220	Owner Request	Rejected	5,900	6,785	—	11 Jun 26	19
Total — 16 change orders				309,750	349,966	of which 110,408 is at risk

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