While it’s full steam ahead for the Village of Radium community hall project, council heard a budget update from chief administrative officer Mark Read at their regular council meeting on Wednesday, August 16th.
According to Mr. Read, the village set aside a $460,000 contingency fund for the project, Mr. Read stated to council the project is $376,000 over the initial budget. He confirmed to the Pioneer that just the mechanical tender came in high but he didn’t have the specific details.
“When you put things out for tender, I would have to go on a piece of equipment by piece of equipment basis looking at the original cost estimates and see what pieces of equipment were quoted at a higher amount,” said Mr. Read. “It would be a fairly complex process because we’re talking the entire mechanical system for the entire building so there’s so many different components.”
According to Mr. Read, the original cost estimates for the project were from a firm in Vancouver, in which they apply multipliers to the area to try to compensate for higher costs. With being in a rural area, cost tends to run higher.
“At the end of the day it’s when the tenders come in that you know what the prices are at,” said Mr. Read.
The village has received donations in the way of supplies for the project which has helped save a significant amount for the new hall.
“With our wood siding alone, our original budget estimate was $110,000 and that wood was donated from Canfor. So we’re $110,000 to the good right there. Also, with the basic wood for the ceiling panels– that was donated as well– so there we saved about $50,000 from our original budget,” said Mr. Read.
When asked if the Village has enough left in the contingency to cover any additional costs of the building, Mr. Read stated that they have options for additional funding. Adding ‘if we end up going over budget somewhat it’s not going to be an issue.’
“At this point in time, I’m really not that concerned because, as I said, all of the big post and beam, the foundation, electrical, mechanical– 90 per cent of the costs of the building have already been awarded,” said Mr. Read.
The community hall project has been able to stick to schedule thus far and is full steam ahead for a fall placement of the roof.