Title
Consideration of and action on the Guaranteed Maximum Price (GMP) agreement with Comex Corporation, the Construction Manager-at-Risk (CMAR) for the new Municipal Court project.
Body
Summary:
The GMP for the new Municipal Court project will consist of construction of the building. The cost of the GMP is $8,000,00.00, which includes a $254,291.00 owner held contingency and $100,000.00 contractor held contingency.
Fiscal/Budgetary Impact:
Project funded by Series 2025 Certificates of Obligation Bond Funds in the amount of $6,000,000.00, with the remaining $2,000,000.00 to be funded from General Fund reserves, which are available for this purpose.
Recommended action
Award the GMP to Comex Corporation, the Construction Manager-at-Risk (CMAR) for the new Municipal Court project.