Monday, January 23, 2012

Comments left regarding the Casino Building project:

Anon:  Guaranteed Maximum Price (GMP)
The GMP of $6,000,000 was approved by the City on June 7, 2011.
There have not been any adjustments to the GMP.
Potential Cost Impact Issues:
The following items are under consideration as additional scope of
work that may exceed the GMP:
□ The Owner is currently negotiating with potential
tenants. These negations may lead to cost impacts that
are unknown at this time.
□ The Owner has indicated that they will be
incorporating the slab on grade and several demising
walls into the project. A/E to provide appropriate
details so a complete scope impact exercise can take

Anon: Can someone analyze the comment above in plain speak? Thanks. 

Skip Rable:  Plain speak = get ready for the change orders to start rolling in. There was no way this was to be a max $6 million project.

Depending on the extent and level of tenant fit out, the City may need to do more to the vanilla box spaces. Also the ground floor tenant spaces are normally left as dirt or sand for bars and restaurants. The tenant can design their space and the plumbing and electrical rough can be installed, then the concrete slab (floor) is poured. Sounds like the City may want to pour the slab now. This may result in a tenant to saw cut the slab to install their unique plumbing and electric lines, if needed, then pour back the trenches with more concrete.

And this before we even begin to think of the utility laterals necessary for the NEW Casino building.

Can you say $7 million, maybe $7.5 million????