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Cutler Bay council approves GMP amendment for Legacy Park phase 2
Summary
The Town of Cutler Bay approved a guaranteed maximum price amendment for phase 2 of the Legacy Park and Municipal Complex after a presentation on costs, buyout-savings incentives and funding sources; the council approved the measure by voice vote.
The Town of Cutler Bay council approved a guaranteed maximum price (GMP) amendment for phase 2 of the Legacy Park and Municipal Complex during a brief special meeting.
Emma Jones, the owner's representative with Stantec, presented a timeline and cost breakdown for GMP 2 and said, "The total is $11,860,067." She described GMP 2 as covering underground utilities (water, electrical, sewer, stormwater) and early-buyout long-lead items such as electrical switchgear and the elevator. Jones said roughly $8,400,000 of work is eligible for buyout savings and…
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