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Sanitary district approves RFQ guidelines for guaranteed maximum-price contracting
Summary
The Muncie Sanitary District approved project guidelines to solicit qualifications for guaranteed savings/guaranteed maximum price (GMAX) contracting for upcoming phases of its long-term control plan projects.
The Muncie Sanitary District Board on May 28 approved project guidelines for a request for qualifications (RFQ) to select firms for guaranteed savings/guaranteed maximum price (GMAX) contracts for the next phase of long-term control plan work.
Rick Conrad, district administrator, said the district used similar guaranteed savings or GMAX contracts in a prior phase and generally was satisfied with the approach. "The…
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