For this project we have hired DCI as our construction managers. They are seasoned contractors with extensive experience working on similar projects in Iowa. They will work with the city and the architects to ensure the project is on budget.Throughout the design process, there will be regular cost estimates, each with more detail that help the design team and city stay aligned with the budget.
The city is not allowed to bond beyond the amount approved by voters. Of course, anyone who has ever taken on a construction project no matter how big or small knows that there are always unforeseen costs. In the architecture and construction industry, these are called contingencies. A contingency budget is built into the overall budget. Typically, at this point in the project, this is around 20% of the total project budget. This means that our budget is built to be flexible to accommodate unforeseen situations.