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Board approves GMP amendment for Maplecrest project; staff cites strong bidder turnout

LEBANON R-III Board of Education · August 14, 2024
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Summary

Trustees approved a gross maximum price (GMP) amendment for the Maplecrest Construction project and a project-expense budget; contractor representatives reported 18 bid packages and a total project budget in the $4.78 million range.

The Lebanon R-III board approved GMP amendment No. 1 for BrandCo Enterprises for the Maplecrest Construction project, authorizing the recommended contract amount and the project-expense budget that together produce a total project budget in the approximately $4.78 million range.

Contractor representative Brandon Poindexter said the district received strong interest from bidders: "We had 18 bid packages and average 3 bids per package," and noted the team was “very close to our budget” compared with earlier presentations. Staff walked trustees through the GMP breakdown and associated project expenses (architectural fees, testing, technology, furniture and a contingency line).

Discussion included a request for a clear system to track expenses and confirmation the district had contractors hold pricing for a set period to preserve alternates. The board moved to approve the amendment and associated project-expense budget; the motion carried and staff will proceed with next steps outlined by the construction team.