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Moody ISD authorizes superintendent to negotiate Guaranteed Maximum Price amendment
Summary
Trustees authorized the superintendent to negotiate and execute a Guaranteed Maximum Price amendment for a district project and approved the proposed GMP; the minutes do not list the GMP dollar amount.
During the Aug. 12 meeting Trustee Newman moved, and Trustee Fairey seconded, to approve the proposed Guaranteed Maximum Price (GMP) and to authorize the superintendent to negotiate and execute the GMP amendment. The board approved the motion unanimously.
The minutes record the board's authorization but do not state the exact GMP amount or reference the specific construction contract attachments; the superintendent and administration were authorized to complete the negotiation and execution steps described in the motion.
