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Council accepts amended guaranteed maximum price for city service building; staff says figure came in below estimate
Summary
Council moved to accept an amended guaranteed maximum price (GMP) for the city’s service building project and passed the motion by voice vote; staff said the submitted GMP was below earlier estimates (transcript cites figures 17.02 and 16.06 but does not specify units).
The Macedonia City Council voted to accept an amended guaranteed maximum price (GMP) for the city service building and noted the GMP came in below the previously presented estimate.
During discussion, staff explained the GMP is a guaranteed maximum the contractor cannot exceed and that the amount provided by the…
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