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12 <br /> Option 2: Delete the Orange County Skills Development Center from the project with a <br /> more comprehensive redesign. <br /> This option would take the design back to a conceptual phase but could result in greater cost <br /> savings due to the opportunity to utilize a pre-cast parking deck. Additional public hearings and <br /> design approvals would be required. The time for redesign with associated approvals is <br /> estimated to be fourteen months plus an additional three months for permitting and bidding. <br /> Design and preconstruction costs would be applicable. The more extensive redesign would cost <br /> approximately $1,539,000. The Construction Manager estimates a construction cost savings of <br /> approximately $4,158,500. <br /> Based on an analysis of the construction market by Barnhill, construction costs are not <br /> expected to decline over the foreseeable future. Escalation of material and labor costs is <br /> expected to continue nationally due to supply and demand. Other large construction projects in <br /> central North Carolina are currently being developed and subsequently the project may <br /> experience less interest and less competitive pricing if the project is re-bid at a future date. <br /> Travis Myren reviewed the background information for the item and gave the following <br /> PowerPoint presentation: <br /> Slide #1 <br /> Agenda Itarn fi-a <br /> r <br /> ORANGE COUNTY <br /> NORTH TH R LINA <br /> 203 South Greensboro <br /> onsideration of Guaranteed Maximum Price <br /> Board of Orange County Commissioners <br /> March 15,2022 <br /> 1 <br />