JFB Secures School Expansion Contract
JFB Construction Holdings announced that it has executed an $18.8 million contract to serve as general contractor for the first phase of a public high school expansion project in DeSoto County, which is located in the south-central region of Florida.
The project is the first of three planned phases with a total estimated value of about $100 million. The scope covers an expansion of an existing high school campus by approximately 100,000 square feet across a 40-acre site, to add capacity for an additional 1,379 students.
Construction for Phase 1 should be starting anytime now. JFB Construction Holdings expects to substantially complete the project by January 2026, with an immediate impact on the company’s Q4 2025 revenue. Phase 2, which is valued at more than $30 million, is scheduled to start in June 2026.
JFB emphasized that its strong balance sheet, which includes more than $34 million in working capital, enhances its bonding capacity and was a key factor in securing the contract. The company will partner with Building Tomorrow’s Schools, a school developer with a track record of coordinating construction of more than 40 schools in Florida, for this project.
This contract marks a strategic move for JFB Construction Holdings into the educational/K-12 construction segment, leveraging its construction management experience across 36 states. According to the company, “This project is one of the most important contract wins for our company.”
JFB Construction Holdings is a real estate development and construction firm with broad experience in both residential and commercial projects. Its portfolio includes multifamily communities, shopping centers, national franchise locations, and luxury estate homes. The company has built a strong reputation for high-quality workmanship and efficient project delivery, earning the majority of its business through referrals and repeat clients who value its consistent performance.
What Are the Possible Legal Implications Involved?
Winning a large public-sector construction contract comes with significant legal responsibilities. First, the contractor must comply with strict bidding, bonding, and procurement rules. Any mistakes made during this process can lead to contract termination or legal penalties.
The company is also bound by detailed performance timelines and quality specifications. This means that any delays or defects can trigger liquidated damages or claims involving breach of contract. Additional concerns include workplace safety compliance, subcontractor disputes, prevailing-wage requirements, permitting, environmental regulations, and potential liability if the project exceeds budget.
Because taxpayer funds are involved, audits, transparency requirements, and heightened oversight are common. Insurance coverage, indemnification clauses, and surety bonds also play a major role in managing risk throughout the project’s lifecycle.
Learn More About Construction Contracts
It takes a lot of planning and professional input to get a construction project off the ground. A strong contract is necessary.
Orlando construction & development contract lawyer B.F. Godfrey from Godfrey Legal will work to ensure that all disciplines are coordinated and that the project is managed efficiently to attain a timely completion. Schedule a consultation today by calling (407) 890-0023 or filling out the online form.
Source:
ng.investing.com/news/company-news/jfb-construction-secures-188-million-school-contract-in-florida-93CH-2147111
