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Council authorizes city manager to execute GMP 2 for Raleigh Convention Center relocation and expansion
Summary
Council authorized the city manager to execute Guaranteed Maximum Price (GMP) 2 for the convention‑center relocation/expansion project to advance site work and major construction packages; one councilor voted no.
Raleigh City Council authorized the city manager to execute Guaranteed Maximum Price (GMP) 2 for the Raleigh Convention and Performing Arts Complex relocation and expansion project, enabling bidding and procurement of larger construction packages aimed at reducing inflationary risk.
Carrie Painter, representing the Raleigh Convention and Performing Arts Complex, said GMP 2 will allow the construction manager at risk (CMAR) team to bid larger bundles of work — including…
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