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Res 2017-22 Accepting GMP from McGough Construction RESOLUTION NO. 2017-22 A RESOLUTION ACCEPTING THE GUARANTEED MAXIMUM PRICE (GMP) FROM MCGOUGH CONSTRUCTION COMPANY, FRIDLEY'S CONSTRUCTION MANAGER AT RISK FOR THE CITY OF FRIDLEY'S CIVIC CAMPUS PROJECT WHICH INCLUDES: CITY HALL, POLICE, FIRE AND PUBLIC WORKS BUILDINGS WHEREAS,The CityCouncil has contracted with McGough Construction Company, LLC as its Construction Manager At Risk (CMAR); and WHEREAS, The City Council has now been presented Guaranteed Maximum Price (GMP) from McGough Construction Company, LLC, of $43,115,442; and WHEREAS, A GMP is required to allow McGough Company to be the City's Construction Manager at Risk CMAR, as opposed to being a Construction Manager Agency (where the City holds the risk of over- runs in the budget); and WHEREAS, The CMAR formal bid process commenced with bid packets available for 31 contacts began with packets available on March 25, 2017; and WHEREAS, the processes have resulted in twenty eight (28) of the thirty one (31) categories being successfully bid; and WHEREAS, the three (3) bid packets to be opened later this week have had safe numbers as placeholders to represent those values in the CMAR's GMP formula; and WHEREAS, the GMP's acceptance by the City Council is essential to the advancement of McGough Construction Company's ability to advance as the City's CMAR, rather than its CMA; and WHEREAS, it is in the City of Fridley's best interest to have a Construction Manager At Risk, guaranteeing pricing and performance, rather than a Construction Manager Agency, with the City holding the risk on a project this large; and NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Fridley approves the GMP and authorizes assignment of contracts as stated to McGough Construction Company, its CMAR and authorizes the Mayor and City Manager to sign the Award/assignment documents as directed by staff to effectuate the agreed upon terms of the CMAR agreement with McGough Construction Company. This resolution hereby adopted by the City Council of the City of Fridley. PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 22ND DAY OF MAY, 2017. ______________________________________ ATTEST: SCOTT J. LUND – MAYOR ________________________________ DEBRA A. SKOGEN - CITY CLERK