Opening of Proposals - Kennedy Park Rehabiliation CMc Proj No 125-037 - Garmong

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PROJECT APPROACH 4. GMP Garmong recommends establishing the Guaranteed Maximum Price (GMP) after the competitive bidding process has been completed. This approach aligns with the City of South Bend's cost/benefit objectives by providing greater cost certainty and transparency. By waiting until subcontractor bids are received, we can: Reduce Contingencies: With actual bid data in hand, we can minimize the need for broad estimating assumptions, resulting in a more accurate and lean GMP. Clarify Scope and Alternates: The City will have a clear understanding of which scope items and alternates are included in the GMP, allowing for informed decisions on value engineering opportunities and scope adjustments prior to GMP finalization. Enhance Owner Confidence: Establishing the GMP post -bid ensures that the Owner enters into the agreement with full visibility into market pricing, subcontractor qualifications, and the impact of any design refinements. Support Competitive Pricing: This timing allows Garmong to leverage competitive tension among bidders, ensuring the City receives the best value for each trade package. Contingency Approach: Garmong will structure contingency to reflect the actual risk profile of the project at the time of GMP development. We would anticipate a construction contingency of 3% for a project of this size with a GMP execution after bidding. 5. Project Schedule Garmong is fully prepared to meet the City of South Bend's project schedule for the Kennedy Park Aquatics and Recreation Center. We understand the importance of beginning construction in early 2026 and achieving substantial completion by fall 2027, contingent on state approvals. Our team will work proactively during preconstruction to align design development, permitting, and bidding milestones with the overall schedule. We will also implement detailed construction phasing and sequencing strategies to ensure timely delivery of both the aquatics center and park amenities. Approach to Final CMC Contract Garmong is pleased to confirm that, having recently completed the MILK Dream Center Project for the City of South Bend using the CMc delivery method, we are fully familiar with and supportive of the City's standard CMc contract format. In fact, we would be willing to utilize the exact same contract as previously drafted and executed by the City. As a result, no negotiation phase would be necessary, and we could be under contract in less than one day following selection. This streamlined approach eliminates delays, ensures alignment with City expectations, and allows the project to move forward efficiently. Should any adjustments be required, our team is prepared to collaborate promptly with City representatives to finalize the CMc agreement. Based on our prior experience, we estimate that even with minor revisions, the contract could be reviewed, approved, and executed within 5 business days of selection. Communication Garmong maintains a structured and transparent communication process throughout all phases of a project. Our team will provide consistent updates to the Owner through weekly progress meetings, detailed monthly reports, and collaborative project management platforms. All communication will be aligned with the City's requests and expectations. The bottom line is that we work for you — if you have questions or concerns, we will be there to answer them and make sure you are never surprised. 1h GARMONG Kennedy Park Renovation I Garmong Construction