Impact
WARD: 4
COMMITTEE: Parks & Recreation
$ IMPACT: $1,500,000.00
Title:
Approval of Guaranteed Maximum Price (GMP) for the Historic Reed House Event Center renovation in the amount of $1,500,000.00. The GMP will include $1,000,000.00 to Peachtree Construction Services for maintenance and code compliance construction, $300,000.00 for CDBG improvements and site work, and $200,000.00 in project contingency and to authorize the Mayor to sign and execute all related documents.
Body
ISSUE: Guaranteed Maximum Price (GMP) for the Historic Reed House Event Center renovation in the amount of $1,500,000.00. The GMP will include $1,000,000.00 to Peachtree Construction Services for maintenance and code compliance construction, $300,000.00 for CDBG improvements and site work, and $200,000.00 in project contingency and to authorize the Mayor to sign and execute all related documents.
BACKGROUND: Following the issuance of the Construction Manager at Risk (CMAR) contract, the processes began to evaluate in detail the current state of the residence. Peachtree Construction brought in their subcontractor's to each evaluate necessary repairs and/or improvements to either restore to original condition or bring to current codes and specification their respectable fields of expertise. Concurrently, Lyman Davidson Dooley put their approved conceptual plans into production to make the residential structure meet commercial codes. Peachtree Construction submitted an initial breakdown of costs based on their investigations and the plans drafted by LDD, Inc. in early July. These costs were broken down further into phases. Throughout July and early August, meetings between Croy, LDD, and Peachtree took place to value engineer any savings in cost that could occur as well as develop phases that made logical sense throughout construction processes. For example, all demolition and site preparation could occur simultaneously. Lift installation coul...
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