Construction will begin in April 2025 and be completed by the end of the season. Among all proposals, this approach provided the lowest project cost, minimized scheduling and execution risks, and reduced the impact on member play.

The work will be performed under a fixed-price contract, meaning HNT is responsible for delivering the project at the agreed-upon cost, which aligns with the Club’s shareholder-approved budget. Additionally, as HNT’s sole major project in 2025, Silver Springs will receive their full attention and resources to ensure efficient and timely completion.

Construction has been planned to take place from April 1 to October 31, with a planned work schedule of six days per week, 12-hour days, and the possibility of seven-day weeks if needed to meet the schedule.

Work will proceed in a phased manner, starting with the initially selected hole in mid-April and continuing through the remaining holes in an optimized sequence. One hole will be taken out of play during irrigation construction on that hole, after which it will be returned to play and construction will progress to the next hole in the project sequence.

As the Club continues to work with HNT on the project timeline, more information will be released to the membership on a proactive basis containing details on anticipated hole closures and timelines.

No cancellations are planned. Weekly leagues, tournaments, and guest play will continue as scheduled, with all tournament dates available on the Club Calendar. Efforts will be made to minimize any disruption while maintaining a vibrant golf season and experience for members and guests.

To ensure focus is on successful execution of the Project and minimizing member disruption, no other major course enhancements are planned in 2025.

There will be isolated damage to some cart paths as a result of irrigation installation. HNT Services are responsible for repairing any such damage, which will be completed near the end of the project. The Club is assessing conducting continued repair and replacement of some of the cart paths under the regular maintenance budget in conjunction with the irrigation project to take advantage of any contracting and cost synergies.

Future course capital improvements will be guided by the Club’s 10-year master plan, approved through the annual capital budget process, and be funded through existing capital dues and share sales without additional financial commitments from members.

The criteria used in the selection of the irrigation construction contractor included cost, proposed schedule and execution plan, and impact on member play during construction.

Silver Springs requested the contractors to provide bids for a number of options, which included commencing the work in either 2025 or 2026, and completing the project over one or two seasons.

The Club believes that the selected bid from HNT Services Ltd., where the project will commence in 2025 and be completed in one season, provides the lowest overall cost, risk, and impact on member play.

The project will be performed under a fixed price construction contract, where the contractor is responsible for delivering the stipulated project for that cost and within the proposed schedule.

The project is being executed under a fixed-price contract with HNT Services, ensuring costs remain within the shareholder-approved budget. Under this structure, HNT is responsible for any cost overruns, reducing financial risk for the Club.

The new irrigation system will greatly enhance course playability and aesthetics, turf health, and improve water sustainability, while improving system reliability and efficiency, reducing operating and maintenance costs, and lowering water consumption. Members will begin seeing improvements as each hole re-opens following turf recovery care. The new irrigation system is designed to optimize water distribution, reducing waste and promoting consistent course conditions.