The project earned $18,023,685 in revenue against $11,728,402 in direct and corporate-adjusted costs, producing a gross profit of $6,295,283 (34.9% margin). This figure includes the $592,999 Indy A-Team retainage, which JWTC is retaining (Indy non-performance) and carrying as Held — TBD pending final documentation. These figures are stated after the corporate adjustments captured above and before any allocation of JWTC executive time (J.W. Turner, Brian Benoit) or the Phase One Consulting Mar–Jun true-up. Operations ran 24 hours a day for twelve days (February 1 – 12, 2026) and demobilized on February 12. The remaining open items are settlement-side rather than operational.
| Document | Date | Description | Amount |
|---|---|---|---|
| City of Baltimore Emergency Award | Jan 2026 | Emergency snow & ice removal — unit / time-charge basis | $18,023,684.50 |
| JWTC ↔ Indy A-Team MSA | Feb 12, 2026 | Prime sub agreement; pay-if-paid; 10% retainage; flow-down (Md. venue) | — |
| Direct Payment Agreements (DPA) | Mar 26, 2026 | JWTC ↔ 14 second-tier subs; isolates JWTC from Indy retainage liability | — |
| Final Settlement Addendum v2 | Apr 29, 2026 | Final disbursement framework to 14 subtiers | — |
| Contract Value Realized | $18,023,684.50 | ||
| Invoice | Date | Description | Amount | Payment Ref | Status |
|---|---|---|---|---|---|
| Inv2/1-4/26 | 02/28/26 | Work performed 2/1 – 2/4/26 (initial deployment) | $1,848,922.50 | City pay | Paid |
| In2/4-12/26 | 03/31/26 | Work performed 2/4 – 2/12/26 (FINAL operations) | 16,174,765.00 | City pay | Paid |
| In2/4-12/26 CM | 04/28/26 | Credit memo — true-up to actual payment | (3.00) | City pay | Memo |
| Total Revenue Earned & Collected | $18,023,684.50 | All Paid | |||
| Cost Category | Class | Amount | % of Costs |
|---|---|---|---|
| Tier-1 Subcontractors — $7,067,663.11 | |||
| Indy A-Team Services LLC (net of $592,999 retainage reclass)² | Sub Insured Labor | $5,343,588.31 | 46.1% |
| ICS Materials Inc | Sub Insured Labor | 1,391,644.80 | 12.0% |
| Randy A Ball dba Reclaimit Enterprises | Sub Insured Labor | 266,280.00 | 2.3% |
| Interlock Paving Inc | Sub Insured Labor | 66,150.00 | 0.6% |
| Total Tier-1 Subcontractors | $7,067,663.11 | 60.9% | |
| Tier-2 Subcontractors via DPA — $4,528,304.24 | |||
| Stihlwater Environmental Services | Sub Insured Labor | $865,362.00 | 7.5% |
| Local Buckets LLC | Sub Insured Labor | 794,379.40 | 6.9% |
| Steven Lambert dba Debris Pro LLC | Sub Insured Labor | 740,721.00 | 6.4% |
| Western Excavation LLC | Sub Insured Labor | 566,599.00 | 4.9% |
| Total Disaster Services LLC³ | Sub Insured Labor | 435,261.60 | 3.8% |
| The Clawguy LLC | Sub Insured Labor | 344,874.00 | 3.0% |
| Truckers Alliance Brokerage dba TDR LLC | Sub Insured Labor | 200,000.00 | 1.7% |
| Midwest Industrial Contractors Corp | Sub Insured Labor | 170,330.00 | 1.5% |
| PrimeCoat Concrete Designs, LLC | Sub Insured Labor | 98,934.30 | 0.9% |
| BMB Group LLC | Sub Insured Labor | 69,020.00 | 0.6% |
| The Ground Keeper LLC | Sub Insured Labor | 61,190.50 | 0.5% |
| Black Water Fleet | Sub Insured Labor | 54,040.00 | 0.5% |
| Slave Driver LLC | Sub Insured Labor | 44,510.20 | 0.4% |
| Musick Trucking LLC | Sub Insured Labor | 29,148.00 | 0.3% |
| HD Worxs (crew travel & lodging) | Other Construction Costs | 13,170.97 | 0.1% |
| Phase One Consulting, LLC (Feb invoice) | Other Construction Costs | 11,002.69 | 0.1% |
| Bank of America Commercial (project CC) | Travel / Auto / Supplies | 7,765.52 | 0.1% |
| Paul Bader (foreman, OCC 1099) | OCC – Labor 1099 | 6,600.00 | 0.1% |
| Joseph Pace (vehicle damage backcharge to Church's) | Midwest to Subtier Church's | 5,995.06 | 0.1% |
| Dreamlions Financial Solutions (L. Schlegel reconciliation) | Sub Insured Labor | 5,000.00 | 0.0% |
| Beverly Cochran (foreman supervision) | Sub Insured Labor | 4,400.00 | 0.0% |
| Total Tier-2 Subcontractors via DPA | $4,528,304.24 | 39.1% | |
| Total Direct Project Costs (Job-Costed) | $11,595,967.35 | 100.0% | |
| Item | Basis | Amount |
|---|---|---|
| Baltimore wage enforcement (pending) | Accrued liability against project | $17,000.00 |
| Tiffany Ward — corporate overhead labor | 60 hours × $80/hr | 4,800.00 |
| Jazmin Janakes — corporate overhead labor | 60 hours × $80/hr | 4,800.00 |
| Charlene Zak-Knepper — reconciliation labor | ~325 hours × $120/hr (30 hrs/wk × 2.5 months) | 39,000.00 |
| Lindsey Baumgardner — JWTC labor | 120 hours × $80/hr | 9,600.00 |
| Melissa Markus — JWTC labor | 40 hours × $80/hr | 3,200.00 |
| Nick Sobrino — JWTC labor | 40 hours × $80/hr | 3,200.00 |
| Brian Benoit — garage door repair (out-of-pocket) | Paid personally; unpaid; allocated to Baltimore | 1,000.00 |
| Brian Benoit — JWTC Reimbursement Pkg, Baltimore portion | $8,888.49 of $20,713.06 expense report (2/21 – 5/10), submitted 6/14, unpaid | 8,888.49 |
| Castlerock Resources LLC — INV-1082157 | Leased employee services (A. Barfield & M. Matus); invoice dated 6/11/26, Net 15 | 40,945.71 |
| Total Corporate Adjustments | $132,434.20 | |
| Contract Revenue Earned | $18,023,684.50 |
| Less: Tier-1 Subcontractors (Indy net, ICS, Reclaimit, Interlock) | (7,067,663.11) |
| Less: Tier-2 Subcontractors via DPA (20 vendors) | (4,528,304.24) |
| Total Direct Project Costs (Job-Costed) | (11,595,967.35) |
| Less: Corporate Adjustments (wage enforcement, OH labor, OOP, Castlerock) | (132,434.20) |
| Total Costs Incurred | (11,728,401.55) |
| Gross Profit, Pre-Overhead | $6,295,282.95 |
| Gross margin percentage | 34.9% |
| Includes $592,999 Indy A-Team retainage retained by JWTC and carried as Held — TBD (see note 2). | |
| Note: Direct project costs and the corporate adjustments captured above represent the project's fully-burdened cost. Gross profit of $6,295,283 (34.9%) is the reported result. Allocations of JWTC executive time (J.W. Turner, Brian Benoit) and the Phase One Consulting Mar–Jun true-up remain to be set and would adjust the figure if applied. | |
| Item | Basis | Amount | Treatment |
|---|---|---|---|
| Indy A-Team retainage (retained by JWTC) | Per Brian (6/15) — retained on Indy non-performance; reflected in profit, carried as Held — TBD pending final documentation | $592,998.69 | Held — TBD |
| TDS settlement dispute ($295K claim vs $197,822 offer) | JWTC settling at HOLD wire amount; balance not paid | $97,178.40 | Not Paying |
| TDS additional dispute | Separate item; not paying | $92,000.00 | Not Paying |
| Indy retainage withheld FROM subtiers | Sub claim against Indy per DPA — not JWTC liability | $522,501.67 | Not JWTC |
1. Source of cost data. The QuickBooks job-cost report dated June 15, 2026 (Baltimore_QB_as_of_2026-06-15) supersedes the June 10 pull. The principal change between the two pulls is a $592,998.69 General Journal reclass of the 10% Indy A-Team retainage from "Sub Insured Labor" expense into a balance-sheet payable ("NP – Indy A-Team Retainage," $592,998.69). This is a GL reclassification, not a cash movement, and is why Indy A-Team's recognized project cost dropped from $5,936,587.00 to $5,343,588.31 between the two pulls. A $5,995.06 backcharge to Joseph Pace (Mercedes C300 damage flowed to Midwest / Church's sub-sub) was added in the same window.
2. Indy A-Team retainage treatment. Per Brian Benoit's direction on June 15, 2026, the $592,998.69 NP – Indy A-Team Retainage is retained by JWTC on the basis of Indy A-Team non-performance and is reflected in the gross profit above. It is carried as Held — TBD pending final documentation of the retention; the position is considered settled in JWTC's favor, with the “TBD” reflecting paperwork rather than outcome. It is not released to Indy.
3. Total Disaster Services (TDS) — settlement posture. The $197,821.60 wire dated 5/22/26 labeled "HOLD" is the TDS settlement payment. TDS has claimed approximately $295,000 owed; JWTC's position is to settle at $197,822 (a $97,178 dispute) and to deny a separate $92,000 dispute. Both disputed amounts are footnoted above but not deducted from profit pending written settlement.
4. Remaining items not yet allocated. The corporate adjustments above capture the project's fully-burdened operating cost, and gross profit of $6,295,283 (34.9%) is the reported result — not an estimate. Two items remain open and would adjust the figure if and when set: allocations of JWTC executive time for J.W. Turner and Brian Benoit (hours and rate to be determined) and the Phase One Consulting Mar–Jun true-up (approximately 78 days of post-operations Final Settlement drafting, retainage forensic analysis, KATZ communications analysis, DPA wire support, and daily close-out support; rate to be set by Brian). The Castlerock Resources invoice has been deducted in full per Brian Benoit's direction on June 15, 2026.
5. Source documents. Baltimore_QB_as_of_2026-06-15_Charlene.xlsx; Brian Benoit JWTC Reimbursement Package FINAL (2/21 – 5/10), submitted 6/14/26; Subtier Comparison Summary as of 04-28-26 R1; Leslie Schlegel's Final Report 4.17.26; Final Settlement Addendum v2 (sent 4/29/26); Direct Payment Agreement final 3/26/26; Indy A-Team MSA executed 2/12/26; all settlement-wire ACH detail through 5/22/26; Castlerock Resources INV-1082157 (received 6/11/26).