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Authority approves $975,000 increase to stadium guaranteed maximum price to cover lighting fixtures
Summary
The Chattanooga Sports Authority approved a resolution adding $975,000 to the contractor's guaranteed maximum price to cover a contract allocation for stadium lighting fixtures that were split between the team and the authority; the board moved the resolution and carried the motion with one member recorded as opposed (name not specified).
The Chattanooga Sports Authority on Thursday approved a resolution to increase the guaranteed maximum price (GMP) for stadium construction by $975,000 to cover a portion of lighting fixtures.
Finance staff said the change is administrative and does not represent additional scope or a design oversight. The lighting fixtures were initially…
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