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School board approves $11.09 million GMP addendum for Giles County High, moves $5 million between funds
Summary
At a special-called meeting in June the Giles County School Board approved a guaranteed maximum price (GMP) addendum for the Giles County High School renovation totaling $11,086,502.50, and approved a $5,000,000 intra-district fund transfer to cover remaining work and start bids for Bridgeforth Middle School.
The Giles County School Board voted to approve a guaranteed maximum price addendum for the Giles County High School renovation and to transfer $5,000,000 between school funds to cover remaining work and kick off bidding for a middle-school project. The approvals came during a special-called meeting in the Central Office Boardroom in early June.
Board leadership introduced the GMP addendum, saying Brinley Construction would act as the construction manager at risk. "The guaranteed maximum price for Giles County High's deal is $11,086,502.50," a construction representative told the board. The representative said that figure represents the most the district would pay unless later change orders are approved.
District and contractor speakers told the board the GMP increased from earlier estimates after design clarifications and many…
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