Understanding Building Costs

Public Safety Building Committee member Carl Soderberg broke down the costs for the building design (Option B) presented at the Annual Town Meeting in 2021:

Prevailing wages increase the entire project cost by approximately 22% over what would be paid otherwise.

Massachusetts requires an Owner's Project Manager (OPM) to guide projects with an estimated construction cost of $1.5M or more. An Owner's Project Manager is a person or firm with professional experience in construction and the role they play is as a representative of the Owner. They act solely in the best interest and at the direction of the Owner (in this instance, the Town of Princeton) to protect the Owner during the Design and Construction process.