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Board approves GMPs for Cambridge and Woodridge renovations; permits still pending
Summary
Trustees approved guaranteed maximum price (GMP) amendments totaling roughly $44 million for Cambridge and Woodridge elementary renovations; presenters said permits were in review and a notice to proceed would follow approval.
The Alamo Heights ISD Board of Trustees approved guaranteed maximum price (GMP) amendments for Cambridge and Woodridge elementary school renovations at the board meeting, authorizing construction teams to proceed while permitting is finalized.
Project-control staff described the two GMP amendments in detail: Cambridge’s amendment (Amendment 3) lists a GMP of $30,241,625 with an approximate 22-month duration and owner contingencies and allowances totalling about $1,822,000; Woodridge’s amendment (Amendment 4) listed a GMP of $13,814,474 with an approximate 16-month duration and contingencies…
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