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Select Board approves $168.426 million guaranteed maximum price amendment for Pierce School construction
Summary
The board approved an amended guaranteed maximum price (GMP) for the Pierce School construction contract with Consigli to preserve eligibility for MSBA reimbursement and to give the town flexibility to handle photovoltaic procurement and tariff risk.
The Select Board voted to amend the Pierce School guaranteed maximum price with Consigli from $165,193,382 to $168,426,339 to allow an allocation for potential tariff and inflation contingency and to preserve state reimbursement options.
Project representatives, including the owner’s project manager and Consigli representatives, told the board that the…
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