What is the difference between school construction projects and privately funded construction projects? Why are there large cost differences between public and private construction projects?
Privately funded projects do not have the same legal requirements as publicly funded projects. All public school-related improvements are required by State law to pay prevailing wages, or union wages, to the contractors working on the schools. This State law requirement accounts for the largest difference in price between a private and public work project. There are other factors that impact construction costs such as the following: contractors are required to be prequalified by the New Jersey School Development Authority school projects are usually phased in over a period of time (consecutive years over the summer and after school hours) to minimize disruptions to students and staff. Construction over a longer period of time requires increased mobilization of contractor personnel and also additional years of inflation. As an example, it may require a second shift for improvements that need to be expedited over the summer to be ready for classes in the fall. A school referendum project
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