Richardson City Council authorized a contract setting a maximum price for the Richardson Public Library’s renovation.
Council approved the guaranteed maximum price, which caps a portion of the construction costs incurred by the city, worth around $31.4 million to Balfour Beatty Construction during its Feb. 12 meeting.
Two-minute impact
The authorized funding will help pay for building improvements, increasing the building’s floor space and new site utilities, according to city documents. The guaranteed maximum price contract is part of the overall budget for the project, which is $48.1 million, per city officials.












