Derby Public Schools has set a guaranteed maximum price of $12,359,595 for a new 42,000-square-foot administrative center and improvements at Tanglewood Elementary School.
School board members approved the amount at their Aug. 5 meeting.
The guaranteed maximum price is the most McCownGordon Construction, the company overseeing all of the district’s bond projects, can bill the district without a change order.
(Read more: Derby News | derbyinformer.com)