Title
Power District Catalyst Project Phase II Construction GMP (B)
Explanation
In June 2012, the City Commission approved the lease of the Power District Catalyst Warehouse to Prioria Robotics, and the Guaranteed Maximum Price (GMP) proposed from CPPI Inc. for the first phase of construction, which consists of building stabilization and core-and-shell improvements. Phase I started in mid-July beginning with selective demolition, lead abatement and cutting exterior wall openings.
Since June, staff has been developing Phase II (Project Build-out) design and construction documents and finalizing a GMP for the final phase of building improvements to the Catalyst warehouse property. Phase II will consist of interior building improvements, including interior partitions, finishes, mechanical, electrical and plumbing systems, as well as site improvements. Phase II construction is anticipated to begin in September, and is scheduled to be finished by early February in order to meet the lease requirements of tenant occupancy in February 2013. Oelrich Construction is under contract with the City of Gainesville for Continuing Construction Services and has been selected as construction manager of the Catalyst Project Phase II.
The GMP provided by Oelrich Construction is $1,196,886. The GMP represents the maximum amount that can be paid by the City, assuming no major changes in the scope of the project. The opportunity does exist; however, that the City may pay less than the GMP as the actual bids for trade packages may be less than proposed in the GMP, resulting in savings that are returned to the City. Additionally, if any contingency remains after project closeout, that amount is returned to the City as well. In contrast, if the actual bids for trade packages are more than proposed in the GMP, the City will not pay more than the amount in the GMP.
As the project has continued to progress, additional needs of the project and tenant, Prioria Robotics, have b...
Click here for full text