RCG-2465
Summit Orthopedic Surgery Center TI
FinishesOn planSummit Orthopedic Group · 3300 Harrow Ridge Drive, Building 2 · West Valley · Medical Office TI
Projected margin vs bid
+0.40pts
11.9% projected · 11.5% bid · +28,427
Project manager
D. Whitfield
Superintendent
K. Doyle
Project executive
T. Hollis
Start
08 Dec 25
Substantial completion
16 Nov 26(was 30 Oct 26, +17d by CO)
Field schedule
3 days behind
Superintendent’s note · Ceilings closed in the OR block; terminal cleaning and air balance scheduled the week of 28 Sep. Three days behind, inside float.
Revised contract
$3.12M
$2.98M contract + $139k in 8 approved COs
Projected final cost
$2.75M
revised budget $2.76M
Cost variance
+$13,000
projected final cost against revised budget
Cost to date
$2.07M
75% of projected final cost
Billed to date
$2.40M
77% of contract · overbilled $52k
Retention held
$179k
5% withheld by owner, reduced from 10% at 50%
Value at risk
$0
no unapproved work in progress
Progress
- Cost percent complete
- 75%
- Field percent complete
- 76%
- Schedule percent elapsed
- 80%
68 days to substantial completion with $674,750 of cost still to spend.
Margin bridge
| Margin in the bid2,980,000 at 11.5% | 342,700 |
| +Margin on approved change orders8 approved · 138,777 sold against 123,350 of cost | 15,427 |
| +Cost variance against revised budgetoverruns and savings across 12 cost codes | 13,000 |
| = Projected margin11.9% of 3,118,777 | 371,127 |
Largest movers
| 05 Metals | (1,750) |
| 26 Electrical | (1,000) |
| 07 Thermal & Moisture | 1,600 |
| 06 Wood & Plastics | 2,200 |
| 02 Existing Conditions | 2,650 |
Open exposure
- No unapproved work in progress, no subcontractor billing ahead of production and all insurance certificates current.
Cost code detail
Projected final cost = cost to date + remaining committed + uncommitted budget + unapproved change order exposure + PM forecast adjustment| Original budget | Approved COs | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 01 General Requirements | 273,200 | — | 273,200 | 93,000 | 212,700 | 60,500 | 273,200 | — | 78% | 77% |
| 02 Existing Conditions | 95,700 | — | 95,700 | 93,050 | 88,300 | 4,750 | 93,050 | 2,650 | 95% | 95% |
| 03 Concrete | 41,000 | 7,750 | 48,750 | 49,450 | 44,550 | 4,900 | 49,450 | (700) | 90% | 89% |
| 05 Metals | 54,700 | 31,650 | 86,350 | 88,100 | 76,300 | 11,800 | 88,100 | (1,750) | 87% | 90% |
| 06 Wood & Plastics | 164,000 | — | 164,000 | 161,800 | 86,800 | 75,000 | 161,800 | 2,200 | 54% | 57% |
| 07 Thermal & Moisture | 41,000 | 12,050 | 53,050 | 51,450 | 39,350 | 12,100 | 51,450 | 1,600 | 76% | 74% |
| 08 Openings | 177,600 | — | 177,600 | 177,950 | 127,500 | 50,450 | 177,950 | (350) | 72% | 69% |
| 09 Finishes | 464,600 | 27,000 | 491,600 | 486,700 | 302,400 | 188,450 | 490,850 | 750 | 62% | 63% |
| 21 Fire Suppression | 82,000 | 5,400 | 87,400 | 86,500 | 70,050 | 16,450 | 86,500 | 900 | 81% | 77% |
| 22 Plumbing | 191,300 | 13,500 | 204,800 | 204,800 | 164,500 | 40,300 | 204,800 | — | 80% | 82% |
| 23 HVAC | 491,900 | 5,400 | 497,300 | 488,600 | 398,550 | 90,050 | 488,600 | 8,700 | 82% | 82% |
| 26 Electrical | 560,300 | 20,600 | 580,900 | 576,850 | 461,900 | 120,000 | 581,900 | (1,000) | 79% | 82% |
| Total — 12 cost codes | 2,637,300 | 123,350 | 2,760,650 | 2,558,250 | 2,072,900 | 674,750 | 2,747,650 | 13,000 | 75% | 76% |
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, 0 with an expired or expiring certificate.