RCG-2487
Trailhead Coffee Roasters Fit-Out
FinishesBelow bid marginTrailhead Coffee Roasters · 118 Copper Lane, Unit B · North Metro · Retail Fit-Out
Projected margin vs bid
−16.03pts
−4.0% projected · 12.0% bid · (55,305)
Project manager
S. Okafor
Superintendent
A. Reyes
Project executive
R. Arden
Start
18 May 26
Substantial completion
15 Sep 26(was 11 Sep 26, +4d by CO)
Field schedule
21 days behind
Superintendent’s note · Twenty-one days behind. The mechanical rebuy cost four weeks and the hood inspection cannot be scheduled until the shaft enclosure is closed.
Revised contract
$360k
$340k contract + $20k in 3 approved COs
Projected final cost
$374k
revised budget $317k
Cost variance
−$57,900
projected final cost against revised budget
Cost to date
$301k
80% of projected final cost
Billed to date
$296k
82% of contract · overbilled $7k
Retention held
$30k
10% withheld by owner
Value at risk
$16k
1 change order built without approval
Progress
- Cost percent complete
- 80%
- Field percent complete
- 85%
- Schedule percent elapsed
- 95%
Cost is −15 points behind the calendar. 6 days remain to substantial completion and $73,650 of cost is still to spend.
Margin bridge
| Margin in the bid340,000 at 12.0% | 40,800 |
| +Margin on approved change orders3 approved · 19,895 sold against 17,300 of cost | 2,595 |
| +Cost variance against revised budgetoverruns and savings across 11 cost codes | (57,900) |
| = Projected margin−4.0% of 359,895 | (14,505) |
Largest movers
| 23 HVAC | (26,400) |
| 09 Finishes | (17,100) |
| 01 General Requirements | (9,400) |
| 22 Plumbing | (5,050) |
Open exposure
$15,904 of value at risk. 1 change order is being built in the field without a signed change order. $14,200 of that cost is already in the forecast; none of the revenue is in the contract.
5 of 5 change orders
| Description | Submitted | |||||||
|---|---|---|---|---|---|---|---|---|
| CO-003 | Grease exhaust shaft enclosure omitted from permit set | Design Error / Omission | Work Proceeding — Unapproved | 14,200 | 15,904 | 11d | 27 Jul 26 | 44 |
| CO-005 | Added mural wall blocking and lighting, seating area | Owner Request | Draft | 3,400 | 3,910 | — | not submitted | 5 |
| CO-001 | Landlord-required electrical panel relocation | Owner Request | Approved | 9,800 | 11,270 | 3d | 11 Jun 26 | 15 |
| CO-002 | Floor sink and indirect waste at espresso bar | Regulatory / AHJ | Approved | 4,600 | 5,290 | 1d | 24 Jun 26 | 14 |
| CO-004 | Storefront door hardware upgrade to panic device | Regulatory / AHJ | Approved | 2,900 | 3,335 | — | 02 Jul 26 | 12 |
| Total — 5 change orders | 34,900 | 39,709 | of which 15,904 is at risk | |||||
Subcontractor insurance certificates on this job: 17 firms under contract, 0 with an expired or expiring certificate.