Title
The Guaranteed Maximum Price (GMP) and Construction for the Police and Municipal Courts Facility (aka Robert Libke Public Safety Building)
Body
RECOMMENDED ACTION (Motion):
Move to approve the Guaranteed Maximum Price, proposed by P&C Construction (P&C), and proceed to the construction phase of the Police and Municipal Court Facility.
BACKGROUND:
The Police and Municipal Courts Facility has reached the final stage of the project prior to construction, which is to present the Guaranteed Maximum Price (GMP) and to request approval to proceed to construction.
Police staff have been working with the design team, construction company, and project manager to narrow the scope of the project to meet staff needs, community expectations, and the project budget. After several months of what has been an exhaustive, productive process, the project team is pleased to announce that the project is on budget. With the successful conclusion of the public review and permitting processes, the team is ready to proceed to construction. After refining plans through the Schematic Design, Design Documents, and 50% Construction Documents phases; P&C requested competitive bids for construction. The GMP was reached using these bids and adding their oversight costs.
The proposed GMP is $18,068,767.00. The overall project budget is $23,200,000.00.
BUDGET IMPACT:
Amount: $18,068,767.00
FY(s): 2019-20, 2020-2021
Funding Source: Bond, Capital Reserves, Sale of Existing Building