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• <br />3. 'Project Construction Method <br />Construction management at risk contract. (G.S. § 143-128(al)(4)). <br />4. Construction Manager at Risk. <br />TCM~to contract with the County as provided in G.S. §143-64.31. <br />TCM: <br />(1) will provide construction management services for the Project throughout <br />the preconstruction and construction phases, and <br />(2) will guarantee the cost of the Project will not exceed the budgeted Project <br />. Cost of $17,939,079.' <br />This guaranteed Project Cost will be adjusted in the event (1) the County <br />introduces any changes to the scope of the work envisioned by TCM and the <br />design professionals2 or (2) TCM is delayed in the commencement of <br />construction by reason of the public bid process or by. reason of matters <br />reasonably beyond TCM's control. <br />• <br />TCM remuneration: retention of private elements and the amount by which the <br />budgeted Project Cost exceeds achaal Project Cost incurred. <br />5. TCM Construction Method. <br />TCM will publically advertise, prequalify and accept bids on a single prime basis <br />from licensed general contractors. <br />TCM and the County will develop mutually agreeable prequalification criteria <br />including, but not limited to: <br />• <br />This sum to be reduced by those.portions of the contract balances remaining to <br />be paid to design professionals whose contracts must be assigned to the County pursuant <br />to G.S.. § 143-64.31. <br />ZThe Project budget contemplates that TCM will deliver a shell and the upfitted <br />space, the latter as szpecified by the County. The Project budget includes an upfit <br />allowance of $35/ft for the office building interior and an upfit allowance of $55/fl for <br />the library interior. The Project Cost will be adjusted to the extent the office building and <br />library interiors upfit costs exceed the budgeted office building and library interior <br />allowances contained in the guazanteed Project Cost. The interior upfit costs shall be <br />identified in the bid documents and the cost to upfit the interiors shall be identified in the <br />construction bid(s). <br />-3- <br />