by News Bureau on Friday, Jul. 26, 2013
CAPE GIRARDEAU, Mo., July 26, 2013 – The Southeast Missouri State University Board of Regents today awarded the contract to River City Construction, LLC for construction of a River Campus expansion project.
The firm, based in East Peoria, Ill., submitted the low bid for construction of a 93,754-square-foot, three-story building to include both residential and academic space. The project is expected to be completed by July 2014 and was originally approved by the Board last December.
Kathy Mangels, vice president for finance and administration, said bids for the project were opened and evaluated last week. Six bids were received, and while the four lowest bids were within $650,000 of one another, the low bid submitted was higher than the University had budgeted for the project. The total project cost including architectural fees, construction, furniture and equipment is now estimated at $24.9 million.
System Facilities Revenue Refunding and Improvement Bonds Series 2013 that were issued to finance the project totaled $23,616,000, she said, resulting in a funding shortfall of $1.38 million. Mangels says the University has identified additional funding sources from previous construction projects that are in the closeout phase and are under budget. These sources total $3.5 million, which would cover the shortfall, while still allowing for an 8.5 percent project contingency.
Mangels told the Regents, who met by teleconference this morning, that University officials have met with the architects and representatives from the low bidder to discuss possible value engineering ideas and the impact of the construction schedule. She added that River City Construction, LLC is the same company that recently completed renovations to Magill Hall and is familiar with the University and understands the institution’s deadlines.
“We are comfortable with the contractor that they can meet the timeframe,” she said. The expansion at the River Campus will include practice rooms, sectionals, a choral rehearsal room, a dance studio and a directing/acting studio. The first floor also will include dining space with seating for approximately 120 people. An art classroom will be located on a mezzanine level, and 13 faculty offices will be housed on the second floor. The remaining space on the second floor will consist of student rooms, lounges, practice rooms and a fitness room. The third floor will house additional student rooms and lounges, for a total of 184 beds. The project will also include a 125-space parking lot.