Agenda Item #28
Amendment #3 to Agreement for Design/Build Services at Cocoa Beach Jr/Sr High School
The purpose of this Agenda Item is to close the Agreement for Design-Build Services with W.G. Mills, Inc. for the Additions and Renovations project at Cocoa Beach Jr/Sr High School.
W.G. Mills, Inc. was approved as the Design-Builder for the Additions and Renovations project at Cocoa Beach Jr/Sr High School on June 12, 2006 for a Guaranteed Maximum Price (GMP) of $13,225,000. Previously approved Amendments #1 and #2 increased the GMP to $30,097,825. Amendment #3 is a decrease to the GMP in the amount of <$4,806,299> to deduct Owner Direct Purchases, Unused Contingency, Unused Sales Tax Savings, Unused General Conditions, Unused General Requirements, Unused Allowances and an Audit Adjustment.
The final GMP contained in this Amendment is consistent with the Independent Accountant's Report prepared by Carr, Riggs & Ingram dated June 26, 2009.
The decrease of the GMP contained in this Amendment consists of two elements:
Remaining funds in the project will be used to perform additional work at Cocoa Beach Jr/Sr High School in the following priority:
Upon completion of the additional work listed above, any remaining funds will, upon Board approval, be transfered to another project within the Certificate of Participation (COP) or used to pay debt on the COP.
Approve Amendment #3 to modify the Agreement for Design-Build Services with W.G. Mills, Inc. for the Additions and Renovations project at Cocoa Beach Jr/Sr High School to decrease the Guaranteed Maximum Price in the amount of <$4,806,299> to $25,291,526. Accept the Agreement as complete and authorize the release of all remaining retention to W.G. Mills, Inc.
Information - 8/25/2009
Consent after Information9/8/2009
Authority for Action
Involves Expenditure of Funds Directly in the Classroom
Source of Funding
Agenda Item will not Require the Expenditure of Funds
Dane Theodore, Director, Planning & Project Management 633-1000 x657
Attachment: Amendment No 3.pdf