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1 <br /> ORANGE COUNTY <br /> BOARD OF COMMISSIONERS <br /> ACTION AGENDA ITEM ABSTRACT <br /> Meeting Date: March 15, 2022 <br /> Action Agenda <br /> Item No. 6-a <br /> SUBJECT: 203 South Greensboro — Consideration of Guaranteed Maximum Price (GMP) <br /> DEPARTMENT: Asset Management Services <br /> (AMS) <br /> ATTACHMENT(S): INFORMATION CONTACT: <br /> 1) Project GMP Travis Myren, Deputy County Manager, <br /> 919-245-2308 <br /> PURPOSE: To consider and approve next steps for the 203 South Greensboro project with the <br /> final Guaranteed Maximum Price (GMP) of$34,692,067 and a total project for construction and a <br /> total project budget of $41,174,840. The County's share of the total project cost is $22,218,882. <br /> BACKGROUND: The 203 Project is a joint venture between the Town of Carrboro and Orange <br /> County. The scope for the project includes the construction of a new Orange County library <br /> branch as well as permanent facilities for the Skill Development Center. The Town of Carrboro's <br /> portion of the project includes meeting spaces, a small theater, and offices. The proposed site of <br /> the development is located on an existing Carrboro municipal parking lot near the center of the <br /> town. <br /> This project is being executed through a Construction Manager at Risk (CMAR) project delivery <br /> method. This delivery method requires the Construction Manager(CM)to deliver the project within <br /> a Guaranteed Maximum Price (GMP) which is based on the construction documents and <br /> specifications at the time of the GMP plus any reasonably inferred items or tasks. The project <br /> architect for the project is Perkins & Will, and the Construction Manager is Barnhill Contracting <br /> Company. <br /> Bidding for the GMP began on January 17, 2022, and concluded on February 16, 2022. A <br /> preliminary GMP and associated budget implications were presented to the BOCC at the March <br /> 1, 2022 Business meeting. The County received the final GMP on March 8, 2022. The final GMP <br /> did not change from the GMP presented at the Board's March 1, 2022 Business meeting. The <br /> final GMP for construction remains $34,692,067. The total project budget including design fees, <br /> furniture, fixtures, and equipment and a five percent (5%) owner's contingency brings the total <br /> project budget to $41,174,840. Based on the County's dedicated space in the building, associated <br /> parking, and the County's share of common areas, the County's total project cost is $22,218,882 <br /> as shown in the following table: <br />