The Beaver Local Board of Education moved the district's K-12 school construction project a step closer to initiation during a special meeting held Monday evening at the administration building in Lisbon.
Board members voted to approve a guaranteed maximum price of $4,168,199 to be paid to Hammond Construction to complete the project. The figure includes $3,865,745 to cover subcontracted work, $155,832 for construction personnel costs, and Hammond's fee of $53,491.
The project to construct a new K-12 school is estimated to cost $52.2 million. The Ohio Facilities Construction Commission is contributing $32.4 million towards the project.