New Elementary School Guaranteed Maximum Price Recommendation to - - PowerPoint PPT Presentation

New Elementary School Guaranteed Maximum Price

Recommendation to Coppell ISD Board of Trustees March 26, 2018

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Number of Subcontractor Bids Received

230 !!

• We are very confident we received the best pricing possible given the

number of bids received per trade.

• The timing of the bidding was crucial.

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Construction Cost versus Budget

Total budgeted dollars for project (Including contingency) $31,625,000 Less total needed for architectural and material testing (7% of GMP) $2,068,582 Less total proposed Guaranteed Maximum Price (GMP) $29,551,178 Project Under Budget $5,240

*$862,000 included in GMP as contingency will only be spent if absolutely necessary

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Hurdles to Overcome

Items we did not account for when 2016 bond committee convened in 2015 Storm shelter requirement (additional cost - 7,000 sq ft @$200) $1,400,000 Additional pier depth (72 foot deep piers versus 35 foot) $ 500,000 *Additional square footage (10,000 sq ft @ $275) $2,750,000 Total unexpected additional costs included in GMP $4,650,000

* Additional square footage was added based upon demographers long-term enrollment projections. Total comfortable enrollment for campus at 110,000 sq ft total is 868 students.

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