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Committee approves amended guaranteed maximum price for courthouse remediation work after lower bids
Summary
A revised GMP of $1,366,156 for initial courthouse work was approved by the Finance Committee, replacing a prior $2.17 million estimate; future GMPs for foundation and full renovation remain pending.
The Finance Committee voted to amend the existing ordinance to reflect a new guaranteed maximum price (GMP) of $1,366,156 for the first phase of courthouse work after contractor pricing returned lower than earlier estimates.
Officials reported that when the project was earlier estimated using Ruland’s preliminary figures, the GMP was set at about $2.17 million. Subsequent hard pricing yielded the lower GMP and the committee instructed…
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