A recently released study compares costs of traditional school construction with less expensive contract school buildings.
The Interagency Committee on School Construction recently published its October 28 report, The Cost of School Construction: A Comparison of the Monarch Global Academy and Conventional School Facilities Report to Governor Larry Hogan and the Board of Public Works.
The report describes contrasts several cost factors for the Monarch Global Academy contract school and conventional school facilities in Maryland:
- Building Size
- Educational Specification
- Complexity of Design
- Clarity and Completeness of the Procurement Documents
- Building Technologies
- Code and Regulatory Requirements
- Project Delivery Method
- Procurement Method
- Procurement Requirements
The two elementary schools contrasted in the report had a difference in project cost of $38.55 per square foot.
For more information, read the complete report.