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LTC 596-2019 Miami Beach Convention Center Project Update No. 33MIAMI BEACH City of Miami Beach , 1700 Conventio n Center Drive , Miami Beach, Florida 33 139, www.miamibeac hfl .gov OFFICE OF THE CITY MANAGER LTC # 596-2019 LETT R TO COMMISSION TO : Mayor Dan Gelber and Members of FROM : Jimmy L. Morales , City Manager DATE : November 6 , 2019 SUBJECT : Miami Beach Convention Cent r Construction Project Update No. 33 The purpose of this LTC is to update th Mayor and City Comm ission on the Miami Beach Convent ion Center (MBCC) Renovation and Expansion Project. The f inancial information provided is through August 13, 2019. Project Dashboard is attached as Exhibit A and corresponding Budget Summary Breakdown is attached as Exhibit B. SCHEDULE UPDATE & PROJECT MILESTONES Construction of the project commenced in December 2015 and is 99.5% complete through August 13, 2019 . The project currently remains on budget and within the guaranteed maximum price as established by the Construction Manager at Risk (CMAR) Agreement. As reported in LTC #239-2019 on April 24, 2019 , the City and Clark convened a two-day mediation commencing February 26 , 2019 to discuss outstanding claims. The mediation resulted in a mutual impasse with the parties agreeing to continue to progress with the work on the Project and keep the lines of commun ication open in order to achieve the common goal of fin ishing the work as soon as possible. It is anticipated that , once the project is completed , the City and Clark will engage in a second meeting to resolve any claims and close out the project. FINANCIAL UPDATE TO August 13, 2019 The usual project dashboard with updated financial information is attached as Exhibit A. A corresponding Budget Summary Breakdown is attached as Exhibit B. Narrative updates are as follows: CONSTRUCTION DRAW Taking into account direct purchases and payments for the construction, including retainage , a total of $530.4 million, or 95.6%, of the total updated GMP amount of $554.6 million has been paid through August 2019 . For a detailed breakdown , refer to Exhibit B (GMP + Direct Purchases Line Item). Financial Protection (Current Retainage and Liquidated Damages) As of August 13 , the City is holding $16.8 million in retainage from amounts due to Clark to assure that it can secure the correction of any defective or non-conforming work and complete punch list items currently being documented until final completion of the project. In addition , a total of $4.8 million in liquidated damages have been withheld from Clark as of August 24 , 2018. Notice of Default and Failure to Cure As reported in the previous project updated , LTC #448-2019 dated August 9, 2019 , the City and Clark agreed to a Cure Plan as a result of the City 's July 9, 2019 Notice of Default and Opportunity to Cure, which Cure Plan had Clark achieving a temporary certificate of occupancy (TCO) by Miami Beach Convention Center Monthly Construction Project Update No. 33 November 6, 2019 Page 2 of 3 September 151h, substantial completion on November 151h and final completion by January 17, 2020. As of the date of this LTC, Clark has failed to achieve TCO and has further notified the City that Clark will not be able to meet the substantial completion and final completion milestones provided in the Cure Plan. Accordingly, Clark's default continues to be unabated. Due to Clark's inability to progress the work and comply with the "Cure Plan", the City was left no other option but to remove a portion of the scope of work from Clark and directly engage with the fire alarm contractor, Honeywell, to facilitate certain fire alarm work that is critical to obtaining a TCO. The discreet scope of work is at no additional cost to the City as it will be charged to Clark via a deductive change order. The City continues to do everything within reason to assist Clark in bringing the Project to Final Completion, while reserving its rights and remedies under the CMAR agreement. Events Despite the above issues with Clark, the City continues to host events per the terms of the CMAR agreement under Special Event permits. The Auto Show is currently taking place and will load out on November 131h. On November 171h the 2019 Art Basel Miami Beach fair (ABMB) will commence loading with an opening day of December 41h. Fiscal Year (FY) 19/20 includes a total of 52 events with a total projected economic impact of $75 million. Construction Manager's (CM) Contingency The CM has utilized 100% of the CM contingency. Clark has applied $2.2 million of their fee to pay subcontractor change orders that are not payable by the City under the terms of the CMAR agreement. Direct Purchase The City continues its direct purchase of materials for the project originally budgeted at a sales tax savings of approximately $6 million. Through August 13th, the City has directly purchased $63.6 million in materials resulting in sales tax savings of $4.65 million. The tax savings shortfall of $1.35 million has been funded out of Owner's contingency. OWNER COSTS A total of $66.7 million, or 95%, of the owner cost budget has been expended to date. Art in Public Places (AIPP) The total $7.1 million budget has been expended on the follow works: • Franz Akermann-Completed. • Ellen Harvey-Completed. • Joep van Lieshout-Completed. • Joseph Kosuth-Completed. • Sarah Morris-Completed. • Elmgreen and Dragset-Sculpture is fabricated. Installation in the Park is scheduled prior to ABMB 2019. OWNER CONTINGENCY For a full detailed breakdown of all Owner costs and credits, refer to Exhibit B2. A total of $32.4 million of the available owner contingency of $35 million has been utilized. Reimbursement from Other CMB Funds A total amount of $11.9 million has been reimbursed to the project for expenses incurred due to event related operating costs, builder's risk claims, enhanced stormwater culvert expenses and other costs. Miami Beach Convention Center Monthly Construction Project Update No. 33 November 6, 2019 Page 3 of3 OVERALL COSTS From an overall project perspective, including owner contingency, $586 million, or 95.1% has been spent on the current $615.4 million project. If there are any questions, please do not hesitate to contact myself or Maria Hernandez at Extension 2584. Attachments: Exhibit A-Project Dashboard Exhibit B -Budget Summary Breakdown Exhibit B2 -Owner Contingency Log JLM I MH 2016 -2019 $0m $100m $200m $300m $400m $500m $600m Total Project Cost 95.1% Expended D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J A S $0m $50m $100m $150m $200m $250m $300m $350m $400m $450m $500m $550m Net GMP Draw 95.64% Expended $0m $5m $10m $15m $20m $25m $30m $35m $40m $45m $50m $55m $60m $65m Owner Costs 95% Expended $0m $5m $10m $15m $20m $25m $30m $35m $40m Owner Contingency $0m $5m $10m $15m $20m $25m $30m CM Contingency (Included in Net GMP) Total Project Notes: •95.1% of the total Project budget has been expended. Construction GMP Notes: •95.64% of the total GMP budget has been expended. •$0 of the CM contingency remains on the project. Owner Cost Notes: •$3.4M remains in the Owner’s Budget including $1.6M in FF&E. •$2.6M remains in the Owner’s Contingency. (not included in Owner Cost) EXHIBIT B Dashboard Summary Trade Costs $410,205,803 66.62%815,449 $411,021,252 66.79% Direct Purchase 0 0.00%-67,798,059 -67,798,059 -11.02% Storm Water Drainage Culvert 0 3,309,692 3,309,692 0.54% Recon 50,803,086 19 50,803,086 8.26% Change Orders 0 0.00%15,866,381 15,866,381 2.58% Subtotal 410,205,803 66.62%2,996,549 413,202,352 67.14%397,974,358 96.31%15,227,993 Contractor Soft Costs General Conditions (Clark Staffing)24,465,886 3.97%4,403,289 28,869,175 4.69%28,455,202 98.57%413,973 General Requirements 14,760,103 2.40%3,299,075 18,059,178 2.93%18,059,177 100.00%1 Payment & Performance Bond 3,708,000 0.60%97,348 3,805,348 0.62%3,800,165 99.86%5,183 GL Insurance 1,807,650 0.29%286,368 2,094,018 0.34%2,093,315 99.97%702 CMr Fees (3.8%)17,288,003 2.81%2,910,379 20,198,382 3.28%11,717,767 58.01%8,480,615 CCIP GL Wrap 0 0.00%4,740,576 6 4,740,576 0.77%4,740,576 100.00%0 CM Contingency 29,747,613 4.83%-29,747,613 7 0 0.00%0 0.00%0 Base GMP 501,983,058 81.53%-11,014,030 490,969,028 79.78%466,840,561 95.09%24,128,467 Other GMP Items (Including all mark ups) P-Lot Park (allowance)10,000,000 1.62%-10,000,000 12 0 0.00%0 0.00%0 Storm water Drainage Culvert 3,475,000 0.56%-3,475,000 0 0.00%0 0.00%0 Subtotal 13,475,000 2.19%-13,475,000 0 0.00%0 0.00%0 Total GMP (Clark)515,458,058 83.72%-24,489,030 490,969,028 79.78%466,840,561 95.09%24,128,467 Direct Purchase Tax Savings -6,000,000 -0.97%6,000,000 15 0 0.00%0 0.00%0 15 Total Net GMP 509,458,058 82.74%-18,489,030 490,969,028 79.78%466,840,561 95.09%24,128,467 Direct Purchases 0 0.00%63,631,381 63,631,381 10.34%63,603,310 99.96%28,071 GMP + Direct Purchases 509,458,058 82.74%45,142,351 554,600,409 90.12%530,443,871 95.64%24,156,538 Owner's Cost City Staffing & Expenses 1,561,000 0.25%1,221,228 4 2,782,228 0.45%2,713,260 97.52%68,969 Consultant Fees (SAG)1,047,725 0.17%389,513 1,437,238 0.23%1,204,839 83.83%232,399 Owner's Rep (Hill)5,585,673 0.91%2,852,619 8,438,292 1.37%7,966,712 94.41%471,580 Design Fees (Fentress)26,669,442 4.33%1,685,499 8 28,354,941 4.61%28,005,744 98.77%349,197 Owner's Cost Estimator (US Cost)400,030 0.06%609,219 5 1,009,249 0.16%1,009,249 100.00%0 Pre GMP CM Fee (Clark)2,594,073 0.42%-1,037,629 1,556,444 0.25%1,556,444 100.00%0 Testing & Inspections 2,328,943 0.38%714,450 3,043,393 0.49%2,688,902 88.35%354,491 Permit & Plan Reviews 2,400,000 0.39%896,181 11 3,296,181 0.54%3,238,627 98.25%57,554 Other 783,526 0.13%2,057,820 2 2,841,345 0.46%2,554,500 89.90%286,846 Other - Legal / DAP Board 63,515 0.01%585,377 9 648,892 0.11%642,219 98.97%6,673 Other - Spectra 0 0.00%291,950 10 291,950 0.05%291,950 100.00%0 Public Art (AIPP)6,900,000 1.12%220,422 1 7,120,422 1.16%7,116,566 99.95%3,856 MBCC FF&E 6,830,945 1.11%0 6,830,945 1.11%5,241,875 76.74%1,589,070 Insurance: OCIP GL Wrap 9,000,000 1.46%-9,000,000 3 0 0.00%0 0.00%0 Builder Risk/Building (net)1,600,000 0.26%242,737 1,842,737 0.30%1,842,737 100.00%1 0 Professional Liability Umbrella 1,000,000 0.16%-382,117 617,883 0.10%617,883 100.00%0 Carl Fisher Renovation Allowance 2,500,000 0.41%-2,500,000 13 0 0.00%0 0.00%0 Subtotal 71,264,872 11.57%-1,152,730 70,112,141 11.39%66,691,506 95.12%3,420,636 P-Lot Park (allowance)0 0.00%0 12 0 0.00%0 0.00%0 Escalator/Elevator/Kitchen Upgrades 0 0.00%0 17 0 0.00%0 0.00%0 Reimbursement from other CMB Funds 0 0.00%-11,911,009 16 -11,911,009 -1.94%-11,908,162 99.98%-2,847 Total Without Owner's Contingency 580,722,930 94.32%32,078,611 612,801,541 99.57%585,227,214 95.50%27,574,327 Owner's Contingency 0.00%-32,379,896 2,620,104 0.43%0 0.00%2,620,104 Total Owner's Contingency 35,000,000 5.68%-32,379,896 14 2,620,104 0.43%0 0.00%2,620,104 Total Budget With Owner's Contingency $615,722,930 100.00%-$301,285 18 $615,421,645 100.0%$585,227,214 95.09%$30,194,431 For Budget Notes see Page 2 10/7/15 Original Budget % Total Miami Beach Convention Center Expansion & Renovation Project Balance Remaining Budget Variance Current Budget % Current Expenses Approved Budget % Spent Current Forecasted Budget Page 1 of 2 EXHIBIT B Exhibit B Budget Notes: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Remaining amount for additional Escalator/Elevator/Kitchen Upgrades approved by Commission under Reso 2017-29829. Total budget variance includes additional bond proceds of $147,449 + Additional funding in the amount of $4,034,625 for Art Basel Elevator & Escalator per Resolution No. 2017-29829 + Additional funding from RDA 4th Amendment per Reso No. 631-2018, and removal of PLot Park and Carl Fisher Clubhouse allowances, which are now tracked as separate projects. Total use of Owner Contingency to Date. Refer to Exhibit B2 for detailed summary. Projected Sales Tax Savings from submitted Direct Purchase Orders; Future anticipated $1.3M shortfall in Direct Purchase of materials. Reimbursement for operational expenses (Reso 2017-29830), Builder's Risk claims, stormwater culvert (2017-29829) & re-roofing of existing building (2015-29144). Costs for additional permitting fees. P-Lot Park Allowance removed from Project budget, and will be tracked separately. Carl Fisher Clubhouse Allowance removed from Project budget, and will be tracked separately. Additonal fees for miscellaneous design revisions and extra site visits requested by Contractor; approx. $414K of the total has been deducted from Clark's Contract. Additional Costs for Dispute Avoidance Panel and outside legal counsel. Moving expenses, parking fees and other expenses for relocation of building operator. Additional Cost Estimating services to support GMP reconciliation negotiations with Construction Manager. $4.7M in general liability insurance was originally to be purchased directly by the owner, but was actually purchased by the contractor. Also refer to Footnote No. 3. Total use of Contractor Contingency to Date. Refer to Exhibit B1 for detailed summary. Miscellaneous costs such as surveys, studies, public information officer (PIO), and utility fees. Insurance Savings as a result of implementing a CCIP (Contractor Controlled Insurance Program) rather than an OCIP (Owner Controlled Insurance Program). A portion of the savings from insurance was allocated to City Staffing to cover costs from Fiscal Year 2014 through December 2018. The previous budget estimate included only Fiscal Years 2015 through part of 2018. A portion of the savings from insurance was allocated to AiPP to provide for actual costs. Pursuant to Sec. 82-587 of the CMB Code, the total amount allocated to AiPP has been transferred to the Art in Public Places Fund. GMP Reconciliation. Refer to LTC# 331-2017 issued on June 26, 2017 for details. Page 2 of 2 EXHIBIT B2 Miami Beach Convention Center Expansion & Renovation Project Owner's Contingency Report Through August 2019 SUMMMARY ORIGINAL OWNER'S CONTINGENCY $35,000,000 MODIFICATIONS (ADDS) Bond offering additional proceeds $147,449 RDA Reimbursement $6,914,221 Total Modifications $7,061,670 USES Jun 2016 4,630 Jul 2016 - Aug 2016 29,967 Sep 2016 - Oct 2016 2,518,080 Nov 2016 (96,710) Dec 2016 179,685 Jan 2017 794,486 Feb 2017 (58,386) Mar 2017 4,321,164 Apr 2017 16,125,999 May 2017 - Jun 2017 78,710 Jul 2017 (16,224) Aug 2017 (1,465,262) Sep 2017 131,865 Oct 2017 4,378,844 Nov 2017 300,000 Dec 2017 (50,785) Jan 2018 2,940,884 Feb 2018 98,251 Mar 2018 (897,010) Apr 2018 22,503 May 2018 (12,728) Jun 2018 105,144 Jul 2018 4,006,505 Aug 2018 (24,655) Sep 2018 909,152 Oct 2018 1,371,819 Nov 2018 534,884 Dec 2018 22,950 Jan 2019 325,023 Feb 2019 40,461 Mar 2019 2,803,257 Apr 2019 (1,444,833) May 2019 1,086,124 Jun 2019 378,824 Jul 2019 129,631 Aug 2019 (130,680) Total Use 39,441,566 REMAINING OWNER'S CONTINGENCY $2,620,104 MONTH CHANGE ORDER #DESCRIPTION Trade Cost Mark-ups AMOUNT June 32 Deductive change order against CM's contingency for extra site visits by design team -148,999 June 34 Deductive change order against's CM's fee for design remediation work -6,000 June 35 Additional fire rated 2nd floor service corridor wall 107,850 5,355 113,205 June 36 Additional construction fence panels 44,228 2,196 46,424 SUBTOTAL 152,078 7,551 4,630 August 40 New 8” sanitary sewer line on Washington Avenue 28,549 1,418 29,967 SUBTOTAL 28,549 1,418 29,967 October N/A US Cost - GMP Reconciliation 945,080 October N/A Permit & Plan Reviews 855,000 October N/A Design Miami 2016 - Generators 408,000 October N/A Additional amount needed for the first 12 months of warehouse lease payments for Spectra Staff (Total costs of months 1-12: 531,316.50)287,800 October N/A Spectra - Cost associated with relocation of the warehouse equipment 22,200 SUBTOTAL - 0 2,518,080 November 43 Clark / Banker backcharge for additional structural engineering services approved for Fentress in Amendment 20.-96,710 SUBTOTAL - 0 -96,710 December N/A Design budget adjustment to increase Fentress PO through Amendment 23. 179,685 SUBTOTAL - 0 179,685 20 1 6 Exhibit B2 Page 1 of 4 EXHIBIT B2 MONTH CHANGE ORDER #DESCRIPTION Trade Cost Mark-ups AMOUNT January N/A Design budget adjustment to increase Fentress PO through Amendment 24 18,625 January 52 Additional cost of generator 319,161 15,847 335,007 January 57 Honeywell Interim Funding 420,000 20,854 440,854 SUBTOTAL 739,161 36,701 794,486 February 54 Clark backcharge for additional structural engineering services required due to non- conforming work -20,000 February 55 Clark backcharge for extra design team site visits and additional structural engineering design changes requested by Clark -112,649 February 56 Switchgear replacement due to arc flash incident 70,750 3,513 74,263 SUBTOTAL 70,750 3,513 -58,386 March 58 Nash - GMP Reconciliation 2,729,128 198,112 2,927,240 March 61 NFP - GMP Reconciliation 1,299,585 94,339 1,393,924 SUBTOTAL 4,028,713 292,451 4,321,164 April 64 Reverse Nash - GMP Reconciliation -2,729,128 -198,112 -2,927,240 April 64 Reverse NFP - GMP Reconciliation -1,299,585 -94,339 -1,393,924 April 65 Removal of Park Allowance from Clark's GMP -10,000,000 -10,000,000 April 66 GMP Reconciliation 37,627,222 1,808,836 39,436,058 April 67 GMP Reconciliation - Pre-Construction Services fee balance 1,037,626 1,037,626 April N/A Reimbursement of Design Miami 2016 generators cost per Resolution 2017-29830 -408,000 April N/A Reimbursement of temporary FPL service for Art Basel 2016 per Resolution 2017-29830 -148,726 April N/A Reimbursement of Spectra's building operation costs per Resolution 2017-29830 -518,000 April N/A Remove additional funds previously allocated to FF&E -250,000 April N/A Remove additional funds previously added to raise Carl Fisher Clubhouse -1,000,000 April N/A Close PO for Clark Pre-GMP CM Fee -1,037,629 April N/A Reimbursement of stormwater infrastructure / road raising per Resolution 2017-29829 -4,513,591 April N/A Re-roofing of existing building structure (funded from separate capital renewal and replacement project)-1,689,254 April N/A Reimbursement of temporary kitchen trailer costs for Art Basel 2016 per Resolution 2017- 29830 -76,267 April N/A Reimbursement of temporary partition per Resolution 2017-29830 -1,010,500 April N/A Reimbursement of Art Basel temporary work for 2016 show per Resolution 2017-29830 -2,542,220 April N/A P-Lot Park allowance 5,000,000 April N/A Additional allocation for permit fees 39,800 April N/A Design budget adjustment to increase Fentress PO through Amendment 26 27,610 April N/A Cost estimating budget reduction -302,202 April N/A Budget reduction for miscellaneous (Other) costs -1,597,542 SUBTOTAL 24,636,135 1,516,385 16,125,999 June N/A JLL Amendment No. 9 - Additional consulting services 160,000 June N/A Fentress Amendment 28 - design revisions associated with relocation of 19th St pump station 2,585 June N/A Mark-ups associated with re-roofing scope of work - funded from separate capital renewal and replacement project -83,875 SUBTOTAL - 0 78,710 July 68 Additional power requirements necessary in the DMARC room 4,812 239 5,051 July 73 Reverse CO 56 - MC Dean -70,750 -3,513 -74,263 July 75 Additional door hardware at East Concourse to accommodate the needs of the events, building operator and project phasing.50,481 2,506 52,987 SUBTOTAL -15,457 -767 -16,224 August 76 Scope removal - Canal Seawall -1,500,000 -74,478 -1,574,478 August 77 Addition of a drywall soffit at East Concourse - work associated with acoustical panel ceiling connection issues.45,990 2,284 48,274 August 78 Deductive change order to cover additional arch / eng services performed by A/E due to non conforming field conditions related to RFI 3251 / NCR 1255 -20,875 August 79 Installation of water meters 1,959 97 2,056 August 81 Field modification of urinal screens as directed by the A/E for ADA compliance 1,226 61 1,287 August 82 Construction Change Directive #022 - new sanitary sewer line for Carl Fisher Clubhouse 74,315 3,690 78,005 August 87 Repairs to fire protection line in north loading dock damaged during an event 447 22 469 SUBTOTAL -1,376,063 -68,324 -1,465,262 September 88 Deductive change order against CM Contingency for additional design services -10,000 September 89 Cost above the GMP allownance for the rooftop ballroom trellis 22,652 1,125 23,777 September 90 Additional cost associated with weatherproofing the rooftop parking crash walls 60,955 3,027 63,982 September 92 Fire rated enclosure around gas line in egress area required by Code 10,849 539 11,388 September 94 AIPP - De-scope expansion joint covers for Sarah Morris walls -1,420 -70 -1,491 September N/A Design budget adjustment to increase Fentress PO through Amendment 33 44,210 SUBTOTAL 93,036 4,619 131,865 October 74 CCD 021 - DRER Sewer main revisions, Convention Center Dr. and Meridian Road grading and reconfiguration revisions, and South Dock grading revisions 360,980 17,924 378,904 October 96 Builders Risk Claim - Rain Event 8/1/17 1,696,601 84,240 1,780,841 October N/A Budget reallocation to Other for utilities bills 1,277,579 October N/A Budget reallocation to Legal for monthly outside legal council 110,000 October N/A Budget reallocation for Testing / Inspections 831,520 SUBTOTAL 2,057,581 102,163 4,378,844 November N/A Art Basel expenses incurred in connection to the west side entrance and concourse 300,000 SUBTOTAL 0 0 300,000 December 100 Deductive change order against CM Contingency for additional submittal reviews by Fentress Architects. -50,785 SUBTOTAL 0 0 -50,785 20 1 7 Exhibit B2 Page 2 of 4 EXHIBIT B2 MONTH CHANGE ORDER #DESCRIPTION Trade Cost Mark-ups AMOUNT January N/A Design budget adjustment to increase Fentress PO through Amendment 35 99,413 January N/A Hill Amendment 1 1,876,175 January 103 DAP Allowance Overage to Clark 100,802 January 105 Scope revisions 17,143 851 17,994 January 106 Roof Anchor Alternate -10,782 -535 -11,317 January 107 Modifications to Hall D Air Handler Unit Hand Railings & Grating 95,387 4,736 100,123 January 108 Art Basel 2017 Costs 262,313 13,024 275,337 January 109 Post Hurricane Irma Clean-up and Damages 465,777 0 465,777 January 110 CCD-28 NW Trellis -57,630 -2,861 -60,492 January 111 CCD 026 Roadway and Pavement Revisions 111,511 5,537 117,048 January 113 CCD 023 -17,393 -864 -18,257 January 115 Field Order #5 -23,349 -1,159 -24,508 January 116 Relocate Electrical & Telecom Receptacles 2,656 132 2,788 SUBTOTAL 845,633 18,861 2,940,884 February 117 Temporary Work for Art Basel 2017 107,622 5,344 112,966 February 119 Art Basel 2017 Milestone Temp Generator and Premium Time Costs 678,468 33,687 712,156 February N/A Purchase of material associated with re-roofing scope of work - funded from separate capital renewal and replacement project -726,871 SUBTOTAL 786,090 39,031 98,251 March 120 Partial reversal of Change Order 96 - Builders Risk Claim - Rain Event 8/1/17 -1,250,000 -1,250,000 March 122 Hurricane Irma Excusable Delay 257,952 2,896 260,848 March 123 CCD-30 - Column wrap changes 9,272 460 9,733 March 124 Art Basel 2017 Costs: added doors, temporary fencing, temporary fire hose 64,783 3,217 68,000 March 125 Multi-Subcontractor Costs related to RFIs / Markups OCO#119 correction 13,728 682 14,410 SUBTOTAL -904,265 7,254 -897,010 April 126 CCD 029 - Rigging Point, Door Levers, Portal Glass - PCO 810591 13,540 672 14,212 April 127 Junior Ballroom North Wall Finish 7,899 392 8,291 SUBTOTAL 21,439 1,064 22,503 May 129 CCD 031 - credit for Convention Center Drive light pole bases -17,013 -844 -17,857 May 130 PCO 810450 - CCD 024 Non-Art Basel Changes -36,512 -1,813 -38,325 May 131 Art Basel 2017 Damages - PCO 810607 41,399 2,056 43,454 SUBTOTAL -12,126 -602 -12,728 June 133 Multi-Subcontractor Costs Related to RFIs 5,492 273 5,764 June 134 Washington Avenue Repairs (CCD 103) and costs related to RFI responses 94,679 4,701 99,380 SUBTOTAL 100,170 4,974 105,144 July 139 Scope changes due to RFI Responses 113,331 5,627 118,958 July 142 CCD-032: AiPP coord, 18th St Drainage, 21st St Grading and Curb 70,049 3,478 73,527 July 74 Adjustment for portion related to the stormwater culvert, which is funded by stormwater infrastructure funds per Resolution 2017-29829 -141,394 -7,021 -148,415 July N/A Funding reallocation per Resolution 633-2018 3,750,000 July N/A Reimbursement to Art Basel for expenses incurred due to delays caused by Hurricane Irma and August 2017 rain event 375,000 July N/A City's Portion of Insurance Reimbursement per Setttlement (Change Order #66) - Bus Duct -80,509 July N/A City's Portion of Insurance Reimbrusement per Setttlement (Change Order #66) - Arc Flash/Switchboard -82,057 SUBTOTAL 41,985 2,085 4,006,505 August 143 Incorporate changes related to RFI responses 17,071 848 17,919 August 144 Reverse CO #96 and #120 - Bldr's Risk -93,674 -65,866 -159,539 August N/A Design budget adjustment to increase Fentress PO through Amendment 36 116,966 SUBTOTAL -76,602 -65,018 -24,655 September N/A Design budget adjustment to increase Fentress PO through Amendment 38 50,320 September N/A City Staffing / Expenses 455,332 September 147 CCD 027 - AiPP Revisions for West Lobby Ceiling Rigging Points & Southeast Planting Bed -4,019 -200 -4,219 September 148 PCO 810641 – Elevator Shunt Trips at Breakers / 810973 – 18th Street Protection Slab / 810810 – Add silicone sealant for kitchen trim 11,725 582 12,307 September 150 CCD-106 - Ballroom Signature Changes (PCO 810773)10,007 497 10,504 September 142 Credit AiPP portion of change order - paid by AiPP fund -3,193 -159 -3,351 September N/A Credit DPO - Consolidated Electric - Carl Fisher Clubhouse Grant -10,238 September N/A Reduction of stormwater infrastructure / road raising reimbursement 250,083 September 74 Contingency use adjustment related to road raising 141,394 7,021 148,415 SUBTOTAL 155,914 7,742 909,152 October 151 CCD-105 - Landscaping Layout on Washington Ave (2018-05-31)43,239 2,147 45,386 October N/A Direct purchases tax savings shortfall 1,326,433 SUBTOTAL 43,239 2,147 1,371,819 November N/A Builder's Risk extension 03/01/19 0 392,116 November N/A Budget reallocation to "Other" for Herc & Master Mechanical for temporary chillers 0 298,502 November 152 CCD 033 - 21st Street Park Descope - PCO 810707 Rev 1 -308,037 -15,295 -323,332 November 153 Multi-Subcontractor Change Orders due to RFI Responses 63,710 3,163 66,873 November 154 Standby Personnel for AHIMA 2018 & BET 2018 40,583 2,015 42,598 November 155 CCD 037 - Impact Resistance Soffit - PCO 810831 52,467 2,605 55,072 November 156 Sales tax and P&P Bond loss from reversal of balance of Nash DPOs 2,714 341 3,055 SUBTOTAL -148,563 -7,171 534,884 December 157 Incorporate changes related to RFI responses -20,972 -1,041 -22,014 December 158 Standby Personnel for AHIMA 2018, ISAPS 2018, and JIS 2018 42,836 2,127 44,963 SUBTOTAL 21,864 1,086 22,950 20 1 8 Exhibit B2 Page 3 of 4 EXHIBIT B2 MONTH CHANGE ORDER #DESCRIPTION Trade Cost Mark-ups AMOUNT January 159 Addt'l costs associated with extension of services for Owner's Rep. (Hill) trailer and aerial photography 14,488 719 15,207 January 160 PCO 810779 Rev 1 - CCD034 S-26, 18th and 19th Curbs, Sarah Morris Adj, and Camera Locations 30,171 1,498 31,669 January 161 Standby Personnel for 2018 Events 66,490 3,301 69,791 January 162 Definitize OCO #135 - Life and Safety Personnel for 2018 Events 1,758 87 1,845 January N/A Design budget adjustment to increase Fentress PO through Amendment 39 206,510 SUBTOTAL 112,907 5,606 325,023 February 163 RFI Responses, LE Miami Elevator Damage, AHJ Requests 31,759 1,577 33,336 February N/A Design budget adjustment to increase Fentress PO through Amendment 41 7,125 SUBTOTAL 31,759 1,577 40,461 March 104 MOT Labor & Material for MLB 3,258 March 165 Costs associated with Force Majeure Event Hurricane Irma 1,995,473 64,905 2,060,378 March 166 Elevators & Escalator Temporary Use for Events 40,400 2,006 42,406 March 167 Standby Personnel for Art Basel 2018, OMBAS 2019 and JIS 2019 119,366 5,927 125,293 March N/A Builder's Risk extension 300,621 March N/A Design budget adjustment to increase Fentress PO through Amendment 42 for extended CA 271,300 SUBTOTAL 2,155,239 72,838 2,803,257 April N/A Unutilized portion of funding for Art Basel Connector 0 -1,487,972 April 168 Elevators & Escalator Temporary Use for Events 41,100 2,040 43,140 SUBTOTAL 41,100 2,040 -1,444,833 May N/A Hill International Extended Contract 0 859,374 May 169 Standby personnel for Hookah & Vapor, Baptist Gala, IDEA and Seatrade 180,650 8,970 189,620 May N/A Design budget adjustment to increase Fentress PO through Amendment 43 37,130 SUBTOTAL 180,650 8,970 1,086,124 June N/A Additional Misc. Construction Scope (bollards, expansion joints, and CMU wall infill)0 150,000 June N/A Transfer unutilized parking funding from City Staffing 0 -23,513 June 170 Sales tax and P&P Bond loss from reversal of balance of David Allen DPOs 380 44 423 June 171 Standby Personnel for 2019 Events 177,697 8,823 186,520 June 172 Elevators and Escalator Temporary Use June 2019 62,300 3,093 65,393 SUBTOTAL 240,377 11,960 378,824 July 173 RFI responses 87,237 4,332 91,568 July 174 Sales tax and P&P Bond loss from reversal of balance of DPOs 18,648 2,204 20,851 July 175 RFI responses, CCD 35 and CCD 42 9,793 486 10,279 July 176 Standby personnel for Baptist Gala. 6,605 328 6,932 SUBTOTAL 122,282 7,349 129,631 August 177 Credit for owner allowances not used on the project -725,000 0 -725,000 August 178 Standby personnel for June 2019 events 142,512 7,076 149,588 August 179 AHJ requests or changes related to RFI responses 118,675 5,892 124,567 August N/A Additional Permit & Legal expenses 0 113,150 August N/A Transfer unutilized parking funds from Other Owner Costs 0 -22,498 August N/A JLL Amendment 15 0 229,513 SUBTOTAL -463,813 12,969 -130,680 TOTAL SINCE INCEPTION 33,709,761 2,030,470 39,441,566 20 1 9 Exhibit B2 Page 4 of 4