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FINANCIAL IMPACT: The Guaranteed Maximum Price ("GMP") for this site work project is <br />$1,308,733. This GMP includes a substantial contingency that represents the CMAR's level of <br />risk assumed within the GMP prior to receiving bids from site and grading contractors for this <br />phase of the Project. The breakout of this GMP is attached to the CMAR Contract and will <br />ultimately be included in Appendix E of that Contract. Note that this breakout sums the traffic <br />control element, the site work elements, the general conditions, overhead, regulatory, and fee <br />elements of the GMP. If the contingency is not used, those funds are not disbursed to the <br />CMAR. <br />This GMP will be added to the second phase GMP that the County expects to receive in April of <br />this year. <br />RECOMMENDATION(S): The Manager recommends that the Board approve the Construction <br />Manager at Risk Contract site work package at the Guaranteed Maximum Price of $1,308,733, <br />subject to final review and approval of the County Attorney; and authorize the Chair to sign on <br />behalf of the Board.