Board approves guaranteed‑maximum‑price amendments for two school construction projects
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Summary
The board approved guaranteed maximum price (GMP) amendments to Panzika’s construction manager‑at‑risk contract for two school buildings after the administration described the GMP process and contingencies; the motions passed 4–0 and Panzika and GPD representatives were present to answer questions.
The Bedford City School District board on June 26 approved guaranteed maximum price (GMP) amendments to the district’s construction‑manager‑at‑risk contract with Panzika for two school projects: the new middle‑school building (referred to as the “Bridal” project in materials) and the new K–2 building.
The administration explained the GMP is part of the construction‑manager‑at‑risk process and that bids from subcontractors were received and reviewed. The GMP sets the guaranteed maximum price and includes contingency funds; change orders are allowed only for unforeseen conditions outside the contractor’s control, the administration said.
“We had scope review meetings with all of the subcontractors … these contractors are highly experienced,” the administration said, and noted representatives from Panzika and GPD were present for questions. The transcript records the district asking questions about the purpose of the amendment and the superintendent and staff explaining the process and contingency limits.
Board members voted to approve the resolutions; the transcript records a roll call with four “Yes” votes and the motions passing 4–0.
The administration said the GMPs follow the early‑site contracts the board approved in previous meetings and represent the next step to lock subcontractor pricing and proceed with building construction. No specific dollar amounts for the GMPs are quoted in the recorded discussion; the administration said contingencies remain for unforeseen conditions and that the GMPs reflect the evaluated subcontractor bids.