HomeMy WebLinkAboutSubmittal-Mayor RegaladoN
January 7, 2010
Mayor Tomas Regalado
City of Miami
3500 Pan American Drive
Miami, FL 33133
Re: Marlins Stadium Site Parking
Dear Mayor Regalado:
As a direct result of further conversations regarding the above -referenced project, Suffolk Construction is
willing to commit to a Guaranteed Maximum Price (GMP) in the amount of $75,000,000. This GMP will not
increase with the exception of unforeseen conditions, any changes to the plans as they relate to code issues after
the permit has been issued, and/or owner -initiated changes in the scope of the work. These are work items that
are typically covered by an Owner's Contingency.
We understand the City will engage us to perform preconstruction services in the amount of $168,174 for the
months of January and February, 2010, We understand that when we successfully enter into a GMP contract
with the City, the value of these services will be included in our contract and are currently included in our GMP
estimate of $75,000,000. Should we not be able to reach a successful GMP contract, we understand we will be
compensated only the amount of $168,174 for our services. During this preconstruction period, we will actively
solicit pricing from the subcontractor community and be prepared to submit and enter into a GMP contract with
the City by the first week of March, 2010. It would be our expectation that we will arrive at a final GMP value
of less than $ 75,000,000.
Our efforts during this preconstruction period to arrive at a final GMP will be completely open book and
transparent. We will work cooperatively with the City's staff and Project Manager to achieve an end result
which will exceed your expectations. Our final GMP will be based on the final drawings issued by Leo A. Daly,
and under no circumstance will the cost exceed $75,000,000.
Additionally, Suffolk is committed to meet and exceed the CSBE and CWP goals that were established in the
initial request for proposal for this project, and we will meet all of the conditions required by the contract.
We would appreciate it if you could forward this proposal to the City Manager and Commissioners for your
acceptance as soon as practical, so we may formally begin work.
We sincerely appreciate your consideration, and we look forward to working with you on this exciting project.
Should you have any questions or wish to discuss this further, please do not hesitate to contact me.
Sincere .,
Timothy . Sterl g
Vice President— Miami Opera .ons
cc: Rex B. Kirby, Suffolk Construction
Juan Diaz, Esq. Suffolk Construction
Jolm Casey, Suffolk Construction
(f lat�, o r �cdado
80 SW 8th Street, Suite 2710 • Miami, Florida 33130 • 305-374-1107 • Fax: 305-374-1138
MAIN OFFICES: NORTHEAST: Boston, MA • MID -ATLANTIC: Falls Church, VA • SOUTHEAST: West Palm Beach, FL • WEST COAST: Irvine, CA
Marlins Stadium Site Parking
January 7, 2010
GMP Summary
Direct Construction Costs 65,465,113
General Conditions 3;639,017
Insurances
733,953
Construction Contingency 3,286,917
Fee 1,875,000
GMP 75,000,000
* Any savings realized in the Direct Construction Costs will be added to the
Construction Contingency. Any remaining savings in the Construction
Contingency at the end of the project will be subject to a 60/40 split respectively
between the City of Miami and the Construction Manager in accordance with the
Owner Agreement.
Assumptions To Date
• Materials Testing by Construction Manager
• Inspection Costs by the City of Miami
Submitted Into the public
recorconnection with
item on 01-1q-14
Priscilla A. Thompson
City Clerk