Line 1 (General conditions) is billed to $4,348,120 against an adjusted scheduled value of $4,102,000
claimed $4,348,120supported $4,102,000
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CBS-2405 · Coral Bay Surgical Center
Meridian Builders
C-CBS-2405-05 · original $58,600,000 · retainage 10% · owner Coral Bay Health Properties Inc · lender Truist
Adjusted value
$58,990,009
Billed to date
$53,585,305 (91%)
Observed complete
90%
Amount at issue
$492,240
progress observed Aug 27, 2026 by Owner representative site walk · source site_observation_cbs-2405.pdf p.5
Draw history
| App | Period ending | Status | Completed to date | This period | Retainage held | Retainage required | Due | % billed |
|---|---|---|---|---|---|---|---|---|
| 1 | Dec 8, 2025 | Paid | $900,037 | $900,037 | $90,004 | $90,004 | $810,034 | 2% |
| 2 | Jan 7, 2026 | Paid | $1,678,597 | $778,560 | $190,128 | $190,128 | $901,116 | 3% |
| 3 | Feb 6, 2026 | Paid | $4,545,045 | $2,866,448 | $476,773 | $476,773 | $2,579,803 | 8% |
| 4 | Mar 8, 2026 | Paid | $12,593,140 | $8,048,095 | $1,259,314 | $1,259,314 | $7,042,873 | 21% |
| 5 | Apr 7, 2026 | Paid | $24,951,880 | $12,358,740 | $2,495,188 | $2,495,188 | $11,122,866 | 42% |
| 6 | May 7, 2026 | Paid | $37,310,620 | $12,358,740 | $3,731,062 | $3,731,062 | $11,122,866 | 63% |
| 7 | Jun 6, 2026 | Paid | $45,936,540 | $8,625,920 | $4,593,654 | $4,593,654 | $7,763,328 | 78% |
| 8 | Jul 6, 2026 | Paid | $50,560,080 | $4,623,540 | $5,056,008 | $5,056,008 | $4,161,186 | 86% |
| 9 | Aug 5, 2026 | Certified | $52,480,578 | $1,920,498 | $5,248,058 | $5,248,058 | $1,728,448 | 89% |
| 10 | Sep 4, 2026 | Submitted | $53,585,305 | $1,104,727 | $5,358,531 | $5,358,531 | $994,254 | 91% |
Change orders
| Number | Description | Applies to | Status | Approved | Amount |
|---|---|---|---|---|---|
| CO-001 | Owner-directed revision, general conditions | line 1 — General conditions | pending | — | $215,694 |
| CO-002 | Owner-directed revision, sitework and excavation | line 2 — Sitework and excavation | approved | Feb 28, 2026 | $343,388 |
| CO-003 | Owner-directed revision, fire protection | line 13 — Fire protection | approved | Mar 30, 2026 | $46,621 |
Exceptions
Line 1 is billed $246,120 above its base value while change orders totalling $215,694 on this line are still unapproved
claimed $4,348,120supported $4,102,000