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Council approves about $1.3 billion GMP for new airport terminal
Summary
The council approved an ordinance establishing a roughly $1.3 billion guaranteed maximum price for construction manager Hensel Phelps to build Terminal C at San Antonio International Airport; staff said the project remains on schedule and within the approved capital budget.
The San Antonio City Council approved an ordinance to set a guaranteed maximum price (GMP) for construction of Terminal C at San Antonio International Airport, advancing a major phase of the airport's terminal development program.
Airport staff described the action as a key delivery milestone for the Terminal Development Program. Jesus Saenz, director of aviation, told the council the GMP transfers construction cost and schedule risk to the construction…
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