2015 CAWV Construction Forecast

SCHOOL BUILDING AUTHORITY OF WEST VIRGINIA

As Printed in the Contractor Association of West Virginia's

Construction News

November/December 2014 
 
 
Workers at Cameron.JPGThe School Building Authority of West Virginia (SBA) annually distributes funds for school construction and renovation. The Authority has now established a bonding plan to deliver a consistent flow of construction funds on an annual basis to address school needs over the next 10-15 years. The SBA Goal is to provide $50,000,000 annually for worthwhile projects and this along with local school district funding will average approximately $100,000,000 annually. West Virginia schools have benefitted greatly by having more funding available for improvements. Much has been accomplished but the need to continue School Improvements will become even more critical in the future, as funding will not keep up with construction inflation.
 
The SBA takes pride in structuring their bids to allow West Virginia contractors to be able to stretch their bonding capacity and participate in the state’s school construction program. We also take great pride in processing our pay application quickly. Our turn-a-round time has been ten (10) days since the beginning of the program in 1990. The SBA awarded several new projects in 2014. More frequent, continuous, and sustainable expenditures over an extended period of time will have a cumulative effect on the local economy through employment, taxes and local production. The construction generated by the SBA funds will alleviate the need for reactive expenditures created by emergency repairs that only provide short-term solutions to health and safety issues.
 
The school construction program in West Virginia is nationally recognized as one of the most successful in the nation. The long-term financial commitment to the economic future of our state is shared by the Governor’s Office, Legislature, County Boards and the taxpayers in West Virginia. The continued support and participation of West Virginia’s construction industry is essential to the continued success of this model school construction program. The SBA is appreciative of the important role our contractors play in continuing the success of West Virginia Virginia’s school construction program.