Building Update 133 – “Construction Timeline”
August 15, 2024
PROJECT UPDATE: I wanted to give everyone the latest info from Trident Construction (General Contractor) concerning our updated project timeline. We have a new Tiered Timeline from our Project Manager for completion of the AR Phase 1 Building Project (see below):
Tier Timeline & Scope of Work
TIER LEVEL START DATE END DATE SCOPE OF WORK
Tier 1: Bldg. Shell Sept 2024 Mar 2025 Dried-in Shell, Utilities Run
Tier 2: Bldg. Finished Apr 2025 Jun 2025 Worship Wing Upfit, CO*
Tier 3: Ed. Wing Upfit Jul 2025 Aug 2025 Ed. Wing Upfit
*Certificate of Occupancy (CO)
From the above, you can see we are scheduled to have a completed Phase 1 Building Project by the end of August 2025. Yay!!! It’s hard to believe, but this is only a year away! To that end, we need your help as each of the above Tier Levels come with its own respective internal funding requirement.
AR has done so well so far paying all the costs internally to date which comes to $1,533,537 (including the 12 acres of land). This represents a lot of sacrifice from a lot of individuals & families to get us to this point. Way to go AR fam!!!
After AR pays the first $500K to Trident Construction (GC) which will probably happen by the end of this month, the Construction Loan will kick-in, paying 64% to AR’s 36% of future GC invoices.
With Vertical Construction beginning next month, AR will be pushing hard between now and the end of the year to increase our financial reserves in an effort to stay ahead of the funding power curve. This is so we can move as quickly as possible through the 7 Project Milestones and avoid any unnecessary delays.
If you would like to make a contribution to the Building Project via the Building Fund, you can do so on Sunday during worship or on-line via the church website: ashleyridgechurch.org
Derrick Horres, AR Building Project Leader