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Jim believes Stone has made the rounds of town hall and probably <br /> spoke with Bob Sherman. <br /> Tom said he only had a preliminary look at the schedule of values <br /> and faxed his comments to SMMA. The number for the STP was <br /> interesting -- $285 , 000 . <br /> Joel explained that is only the equipment , it doesn' t include the <br /> subtrades . <br /> Tom said for a $20 million project there should be a more <br /> detailed schedule of values . <br /> Joel said this is just a first draft , SMMA will comment , <br /> Chartwell will comment . It ultimately has to be approved before <br /> the first payment request . <br /> VALUE ADDED LIST <br /> Paul explained , as he understood it , this Committee is going to <br /> come to an agreement amongst themselves for the value added items <br /> and then ask for a lump sure price and will either accept that or <br /> deny it . <br /> Merry Sue said she is not sure everything should be grouped <br /> together , separate out; the landscape . The Committee still needs <br /> answers on some items . <br /> Paul explained there are 2 factors : the added design time , added <br /> fee . It makes a big difference on how you go about this process . <br /> Peter would like to set the FF&E budget first so we know what is <br /> left over to spend. <br /> Ed does not think that becomes critical for a number of months . <br /> Merry Sue agreed, some of this money has to go back to <br /> technology. We need to see budget figures and to date the <br /> Committee has not seen those figures . <br /> Ed Frenette said the Committee will have to make some gross <br /> assumptions and they will recommend some of the money go into <br /> contingency and you can buy some things from that also . They <br /> will mare a recommendation at the next meeting . <br /> Paul suggested having that discussion in Executive Session. <br /> Paul asked Tom Wren to prepare a revised budget , to help put <br /> everyone ' s mind at ease . <br /> Peter said the Committee needs to know, from the technology <br /> subcommittee , what they need. <br /> Steve does not think they will end tip spending the $4 . 7 million <br /> which has been mentioned . They need more details before they can <br /> decide . <br /> He agreed you should go back to the contractor with a minimum <br /> number of lines . <br /> Paul said they should lump items together but there some things <br /> which can be done at the end of the job . If they don' t like <br /> Stone ' s price on those items , they can be bid . The Committee <br /> should think about what items can be done at the end of the job. <br /> 4 <br />