03-10-2009 Regular School Board Meeting
Agenda Item #47


Title
Amendment #3 to Agreement for Design/Build Services at Johnson MS, McNair MS and Stevenson ES

Discussion

Heard Construction, Inc. was approved as the Design-Builder for the Additions and Renovations project at Johnson Middle School, McNair Middle School and Stevenson Elementary School at the June 12, 2006 Board meeting.  The original Agreement contained a Guaranteed Maximum Price (GMP) of $7,900,000. 

Previously approved Amendments #1 and #2 increased the GMP to $13,291,866.  This Amendment #3 will decrease the GMP by $1,831,028.65 to $11,460,837.35.

Notes: 
1)  The final GMP contained in this Amendment is consistent with the Independent Accountant's Report prepared by Carr Riggs & Ingram dated February 10, 2009.

2)  The decrease of the GMP contained in this Amendment consists of two elements:
     a) A deduction of the value of the Owner Direct Purchases (ODP) in the amount of $1,376,993.89.  This is an administrative change only - the School District will not receive a credit for this deduction since the value of the ODPs were previously deducted from the purchase order to Heard COnstruction, Inc.
     b) A deduction for Project Savings in the amount of $454,034.76 - the School District will receive a credit for this amount. 

Attachment:  Amendment #3



Recommendation

Approve Amendment #3 to modify the existing Agreement for Design/Build Services with Heard Construction, Inc. for the Additions and Renovations project at Johnson Middle School, McNair Middle School and Stevenson Elementary School to decrease the Guaranteed Maximum Price (GMP) in the amount of <$1,831,028.65>  to $11,460,837.35.  Accept the project as complete and authorize the release of retention to Heard Construction, Inc.



Meeting Date(s)
Information - 3/10/2009
Consent after Information3/24/2009

Authority for Action
1001.42 F.S.

Involves Expenditure of Funds Directly in the Classroom
No

Source of Funding
Agenda Item will not Require the Expenditure of Funds

FY
Amount
Budgeted
Fund
Cost Center
Project
Function
Object
Program

Contact
Dane G. Theodore, Director, Planning & Project Management


Attachment:  Amendment #3.pdf