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Board approves $74.96 million amendment for new Woodland Junior High, bringing GMP to $99.65 million
Summary
The Fayetteville School Board approved contract amendment No. 8 for the new Woodland Junior High School construction, adding $74,963,679 to the project and setting the guaranteed maximum price (GMP) at $99,650,513 after value-engineering and market revisions.
FAYETTEVILLE, Ark. — The Fayetteville School Board voted unanimously to approve a $74,963,679 contract amendment for the new Woodland Junior High School, completing the guaranteed maximum price (GMP) for the project at $99,650,513.
Kelly Freeman, senior project director for Connect Advisors, presented the amendment on behalf of Nabholz Construction and described a substantial value-engineering process after the initial market estimate. "Tonight, we're asking the…
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