FAMU Ends Contract with Builder of New Dorm
Florida A&M University yesterday terminated its contract with Premier Construction and Development, the company hired to build the school’s new 800-bed residential facility. The FAMU Board of Trustees said that an exponential increase in costs for the project, from a $34 million original estimate to $48 million, sped the move to end.
According to the Tallahasse Democrat, the university is also auditing all previous contracts with Premier.
(Premier President Steve) Ghazvini addressed FAMU’s trustees prior to their vote to terminate the contract, telling them he wanted to continue working with them on the new residence hall. He said delays starting the project will require considerable overtime to meet the deadline for completing the dorm, which accounts for much of the extra cost.