10-14-2008 Regular School Board Meeting
Agenda Item #43


Title
Amendment #4 to Agreement for Design / Build Services for Additions and Renovations at Palm Bay High School

Discussion

Skanska USA Building, Inc. was approved as the Design-Builder for the Additions and Renovations project at Palm Bay High School at the January 17, 2006 Board meeting.  The original Agreement contained a Guaranteed Maximum Price of $14,600,000.  Previously approved Amendments No. 1, No. 2 and No. 3 increased the Guaranteed Maximum Price to $26,011,607.  Amendment No. 4 is for a decrease of $3,556,826.41 for Owner Direct Purchases. 

Notes: 
1)  The final Guaranteed Maximum Price included in this Amendment is consistent with the Independent Accountant's Report prepared by Carr Riggs & Ingram dated August 26, 2008.
2)  The purpose of this Amendment is to deduct the value of the Owner Direct Purchases from the Guaranteed Maximum Price.  This is an administrative change only - no credits are due to the School Board.



Recommendation
Approve Amendment No. 4 to modify the existing Agreement for Design/Build Services for Additions and Renovations at Palm Bay High School with Skanska USA Building, Inc. to decrease the Guaranteed Maximum Price (GMP) in the amount of $3,556,826.41.  Accept the project as complete and authorize the release of retention.

Meeting Date(s)
Information - 10/14/2008
Consent after Information10/28/2008

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 Theodore  633-1000 x657


Attachment:  Amendment No 4 - Final.pdf