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Title: Recommendation: I recommend the School Board approve an Amendment to the Construction Management at Risk Agreement to establish the Final Guaranteed Maximum Price (GMP) for construction in the amount of $6,427,542. to Hedrick Bros. Construction Company, Inc. for Description: Construction Management at Risk Services required for renovation, repairs and structural upgrades to the original Approved Construction Budget: $5,794,200. No. of Stories: 2 (existing) Construction Type: Terra Cotta and Stucco (existing) Gross Square Feet: 17,387 Construction Cost Per Gross Square Foot: $372. Building Cost Per Gross Square Foot: $238. Student Stations:164 Construction Cost Per Student Station: $39,500. Building Cost Per Student Station: $25,216. Preconstruction Fee: $50,619. GMP: $6,427,542. Total Cost of Construction: $6,478,161. Building Cost: $4,135,425. Financial Impact: The financial impact is $6,427,542. The source of funds is the corresponding Capital Projects Budget. An additional $815,000. will be transferred to the Project Budget from Capital Contingency. The District will provide Builder's Risk insurance at a total cost of $47,564. For Additional Information, contact: Joseph M. Moore (moorej@palmbeach.k12.fl.us) Joseph M. Sanches Attachments (list):
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