A. Project Type: The City intends this project to be completed as a Construction Manager at Risk (CMAR) project. The intention is for the selected CMAR firm to assist the Owner and its Design Team with cost estimating, value engineering, and constructability review during the design phase, and then upon approval of a Guaranteed Maximum Price, shall build the Civic Legacy – Arena Removal project. B. Project Budget: The estimated construction budget for the project is $10,000,000 which includes all preconstruction and construction fees, labor, materials, equipment, general conditions, a 10% Owner’s Contingency, and other miscellaneous project costs. The CMAR is expected to collaborate with the Owner and Design Team to fully vet and manage the project within this budget, ensuring that the total project cost does not exceed the established amount. Any costs beyond this budget will require prior approval from the Owner. C. Contract: The CMAR contract shall be independent of any other consultant contract entered into by the City, such as the demolition design contract. The contract will be based on actual cost of initial services and at a later time a fixed fee, not to exceed a Guaranteed Maximum Price (GMP) for construction services. Development of the GMP is based on open book, competitive bids solicited from qualified subcontractors and vendors. All savings, including unused contingency, will be retained by the Owner. If the CMAR fails to negotiate an acceptable GMP, the City can directly utilize the design package to solicit a competitive bid(s) for completion of the entire project.
