If the Maximum Allowable Construction Cost (MACC) is over $500,000:
- Complete a (Board of Trustees) BOT action item.
- Send to Associate and Assistant Directors for review.
- Upon BOT approval, move to contract execution.
If the MACC is under $500,000 or the BOT has approved the action item:
- Notify Capital Budget of the price.
- Request initiation of contract.
Hold 15 minute meeting with Capital Budget to review contractor's retainage before signing the contract.