CONSTRUCTIONAMENDED

New Jersey Schools Development Authority Board Meeting Agenda May 2026

Multiple Change Orders Revise Newark Science Park HS Contract

$1,450,343; three change orders totaling -$98,722 (cumulative COs $428,989 to $481,831 over time)NJ Schools Development AuthorityPRECISION BUILDING & CONSTRUCTION LLCMay 6, 2026

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Description

Three deductive change orders totaling $98,722 were executed on Precision Building & Construction, LLC's contract for the Newark Science Park High School project, revising the contract value to $1,833,451. Despite these reductions, cumulative change orders still represent a 26.41% increase over the original $1,450,343 award.

Contract Details

Contract Amount

$1,450,343; three change orders totaling -$98,722 (cumulative COs $428,989 to $481,831 over time)

Vendor

PRECISION BUILDING & CONSTRUCTION LLC

Agency

NJ Schools Development Authority, NJ

Contract Type

CONSTRUCTION

Document Date

May 6, 2026

Renewal Info

Contract amended by CO #4, #5, and #6 on March 31, 2026, reducing prior cumulative change orders and setting the cumulative change order percentage at 26.41%.

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