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Thursday, June 25, 2009

Woodfill - Wow, What a Miss

Staggering blow today with news that Woodfill's bids have come in 12.5% over budget or $1.1m. Given the current economy this is a huge miss in estimation and will eat into 'urgent needs funds' that could have been used in other places in the district.

I know I have mentioned this before but doesn't this count towards the $924m in stimulus funds dedicated towards education in the state of Kentucky alone? Where is this money being spent? I know the state of Kentucky launched a site to inform citizens of how the money is being allocated but it is sorely lacking in details.

1 comment:

  1. Considering the state of the economy and the building industry, I know the district was expecting to receive bids in line with estimates, if not lower. They figured that there is such a slump that contractors would cut their price on materials and labor to keep their folks busy while they ride out the storm.
    To have the bids come in significantly higher, in this environment, is a big mistake on the part of whomever did the orginal estimate.