Construction Contracts

Contracts

If the Maximum Allowable Construction Cost (MACC) is over $500,000:

  • Complete a (Board of Trustees) BOT action item.
  • Send to Associate and Assistant Directors for review.
  • Upon BOT approval, move to contract execution.

If the MACC is under $500,000 or the BOT has approved the action item:

  • Notify Capital Budget of the price.
  • Request initiation of contract.

Hold 15 minute meeting with Capital Budget to review contractor's retainage before signing the contract.