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Final guaranteed maximum price for Culpeper Landing elementary comes in about $700,000 below early estimate, officials say
Summary
Board heard an update that the final guaranteed maximum price (GMP) for the Culpeper Landing elementary school under a Construction Manager at Risk procurement is $56,964,422, about $700,000 less than the early GMP; the division said sufficient funds exist and early site work has begun.
Chesapeake Public Schools staff reported a final guaranteed maximum price for the new Culpeper Landing elementary school that the presenter said is about $700,000 lower than the previously approved early GMP.
“Tonight, we have established the final guaranteed maximum price of $56,964,422, which is over $700,000 less than the early price,” said the staff presenter, describing the project procurement under a construction manager at risk (CMAR) model. The board had approved an early GMP of $57,700,000 in June 2024, the presenter said.
Why it matters: the Culpeper Landing school is a major capital project for the division and the procurement method, CMAR, shifts early collaboration between the architect, contractor and construction staff to manage cost and schedule risks.
The presenter said the division competitively selected an architecture firm and S.B. Ballard Construction Company as the general contractor under CMAR, then developed design and pricing through roughly 20 percent design and over the subsequent 11 months. Staff said the project includes funding for HVAC systems and equipment and that the board approved an additional $3 million in February for furnishings and equipment. Early site work has begun, the presenter reported.
The discussion was informational; the transcript does not show a formal board vote on the final GMP during this meeting. The presenter praised the project team—RRMM (architects), S.B. Ballard, and new construction staff—for bringing the design within budget and noted that CMAR was selected to reduce cost uncertainty compared with traditional design‑bid‑build procurement.
