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Land Bank approves approximately $223,900 owner's rep contract for 41 Jefferson relocation project
Summary
Commissioners authorized execution of a contract to hire Vertex for owners project management services for the 41 Jefferson project; the contract was described as a flat fee plus allowances totaling about $223,900.
The Nantucket Land Bank Commission authorized staff to execute a contract to retain Vertex for owner's project management services related to moving five of six dwellings at 41 Jefferson.
Staff explained the contract amount as a flat fee of about $211,093 plus allowances (approximately 10 percent) for reimbursable expenses, bringing the total to roughly $223,900. The commission voted to authorize the contract; recorded votes in the meeting show commissioners Neil, Mark and Christina voting aye and the chair indicated the contract could be executed.
Staff said Vertex would act as the owner's representative through project completion. The item followed prior discussion at an earlier meeting and commissioners thanked staff who had advanced the procurement.
Commissioners asked few substantive questions during the vote. The contract execution was approved and staff were authorized to sign and proceed with the procurement process and project oversight under the contract terms.
