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Convention Center Renovation_Attachment EATTACHMENT E *-.;=:- illlllllllllllUhUlll,r,rrrr,rrrrrr*u*..,,,r. MIAMIBEACH CONVENTION CENTER I TABLE oF C'NTENTS I Miami Beach Convention Center Renovation & Expansion Proiect: o Section 1- Project Organization Chart t o Section 2 - Project Development Schedule I o Section 3 - Clark Construction Group GMP Amendment Approval. Commission Memorandum & Resolution - October 27,2OL5 I . Commission Power Point Presentation - October 21,20L5 o Section 4 - General Project Presentation I o Section 5 - Project Updates to Mayor and City Commission - From Current to I lncePtion:october 2017 -LTC 501-2017 MBCC Construction project Update. August 2Ot7 - LTC 439-2017 MBCC Construction Project Update I : i:y.?,i;r#ff,?i;'il"J.ii"'"11ffi:*?ffi1n1:l"Tl'lll,""o Maximum Price (GMP) Contract Reconciliation Settlement I ' til:ilL7 -LTc184-2oL7 MBcc Convention Center Construction Project . February 2017 * LTC 078-20L7 MBCC Convention Center Project Update I . January 2OL7 - LTC 048-20L7 MBCC Renovation & Expansion Large f Deliveries the Week of January 3O,2OL7 ' December 2015 - LTC 529-201G MBCC Construction Project Update I ' IffiTlr:l1i1l,;ilc so7-2016 MBcc constructio n 2oL6Art Baser & t . Iffi[iit?3'j;':;,1'*:,',il#:'.'":il','#::T:;"#:L::l:'". October 2OLG - LTC 435-2OtG MBCC Construction Recent Events I . September 2015 - LTC 364-20L6 MBCC Construction Project Update I . June ZOLO - LTC277-2O16 MBCC Construction Project Update . May 2016-LTC232-2016 MBCC Construction Project Update I . April 2016 - LTC L74-2O16 MBCC Construction Project Update f . March 2OL6 - LTC 104-2016 MBCC Construction Project Update. February 20L6 - LTC 052-2076 MBCC Project Update I . January 2OL6 - ltem R9C Convention Center Project Update I \ 1 6 ,A E .E LI;o?i oootrtr,f,.P.go< u E8fiE=oEg 6< LOo=u00ELtr(,OtrE.e EE.=LEEI LJr- .Y+J \JlAr LLr 8SCo ut .9 E EoU {J tJ OU l-o fE = LUI $tcoEi>E+rcU.E vu.E aJI^EbUl- +{ ElgEE ?L; -.-LE?E?t- = o-ov.-rE O-EFLe6La Lou t,U'i s$ EE EEt7 .E .3- EEe' E.xoI ,gPE-EEoo8E o.Eoq,EEs E=Io g +, ,E oj-EPO(EtrJOqLJP o C .9 tJ) C roo-x LU EC ro Co {=(o \LL6.e -;ro&.N.Chro.,Y oo;r-bo(J+J F(J!- nr.o .x Y l- O-o CoU (J (oom E .ro I T I I I I t I T I I I t I I I I I t 2 MIAMI BEACH CONVENTION CENTER EXPANSION & RENOVATION Project Development Schedu !e M.rlAPrlMaylrun oraft RFQ Comfrisiion Approve RFQ RFQ OutstandinS Review/lntetuiew Commission Seledion Contrad NeSotiations/lssuance of PO FeblMarl aprlMayl Junl rur I Aur | *p I odlNovl De.l rail F€blMarlAprlMayl Junl Jur tttt l,-t---,-r - - -t- - - t- -.. -t- - -..1........1........1- - -..r- - - -..r- - - - r- | - - - -.1-. - - -.1- -. -. -.t-. - - -Ir-t I tIt--t-t---t:.---.1-.--t--t---ttl U.S. Cost lnc. PO {City Rotational List) Draft Owners Rep RFP Commission Approve RFP RFP Outstanding Revievlnteryiew/Seled Commission Approve ownerg Rep Commission Oneon-One Updates Establish Budtet Conceptual 0e5ign Schematic Design 30% Design Development Cost Estimate DeiiSn Review Board Rryiew / Approval Commission Approval - DCP Package o.aft RFP Commission Approve RFP RFP Outstanding - Phase I Review/lnteryiew/Pre-Select Commission Shoft -List Seledion Commission Approve DCP Package RFP Outstanding - Phase ll Commission Approval to Cancel OB Process (Feb 11) CM @ RISX PROCUREMENT Draft RFQ Commission Approve RFQ (Feb 25) RFP Outstanding Review / Recommendation Commission S€lection (April 29) Fee NeSotiation / Contract Comma55ion Approval {Pre-Con Contrad) Pre-Construdion Period GMP Bidding @ 100% DD'5/65% C.0's Commission Approval ofGMP / 1% Tax GMP Reconciliation EOND FINAI{CING Bond Package Approval - First Readint Bond Package Approval - Second Readin8 Eond Closing & Funding CONSTRUCNON Mobilization / EnablinS work: NTP-1 Art Basel 2015 (4 halls open) & Design Miami Phase I Commencement - NTP-2 New Grand Ballr@h Art Basel 2016 (4 halls open) & oesign Miami Phaee ll (Ea5t 2 halls openl Afr Basel 2017 (4 halls open) & DM Phase lll 21st St. ParklCC odc Carl Fisher Clubhouf (S€prate Proi€d) Commission Approval for Design Completion (Feb. 100% Design Development 100% oD Cost Estimate 10O% Construdion Do6 Scope Removal Final Building Permit Apcr a/22 lssued LO/26 I l l I I l I 11) -- -l--- l-- -l- --l- -,t - l- l- .t r | | | |-l -l - I I t---l ---l --l , I I I I I'l -- "1 - '., --',---'l---l----l---',---',"'I I I I I--1-----]---l- I -l l--l---l - r I I - ----1----1----'-----r----1---1"-'1"'""'---..-r-"I-,---- --I r....i-....i....1 . I .r -l I I | | l. I I .l II I I Ij I I I I I I I t t l----t----t----.1 -.1 t- |rrrrrrr|]],,]]tltltl.1 .:l. l. l l l l :l l l l l !| l -----l----l----r- ---1-.---.-l...... ttttl IIrrrrr rrrii r rz----l---.1---.1---.1 t---l-- l- I -l- .t----t-,--t - -t -r I rttt -l---l---..1-,---l---.1---.1---l llllll---t-r L]] .1...1.1 ll ,-r---.1, tl tltllllltlll competed rasks I P€nding Taskr I No show Period l=€] Art Easel / oesign Miami I Gren spdes tltltl 3 I I I I I I I I I I I I t I I I t I I TO: FROM: DATE: SUBJECT: MIAMIBEACH City of ftliomi lcoch, 1 700 Convention Center Drive, Miomi Beoch, Florido 33139, www.miomibeochfl.gov CO SSION MEMORANDUM Mayor Philip Levine and Members the City Jimmy L. Morales, City October 21,2015 A RESOLUTION OF THE MAYOR INO CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA,PURSUANT TO ARTICLE 6 OF THE CONSTRUCTION MANAGER AT AGREEMENT ("AGREEMENT'') BETWEEN THE ClrY AND CLARK CONSTRUCTION GROUP, LLC (,,CLARK") FOR THE MtAMt BEACH CONVENTION CENTER RENOVATTON AND EXPANSION PROJECT ("PROJECT"), A GUARANTEED MAXTMUM pRtCE (.cMp') FOR THE PROJECT tN THE AMOUNT OF $515,458,058.00; APPROVING AND AUTHORIZING THE iIAYOR ANO CITY CLERK TO EXECUTE THE GMP AMENDMENT TO THE AGREEMENT; AUTHORIZING THE DIRECT PURCHASE OF MATERIALS AND EQUIPMENT IN ACCORDANCE wlTH THE AGREEiiENT; AUTHORIZING THE CITY MANAGER TO BIND COVERAGE FOR BUILDER'S RISK AND OTHER INSURANCE FOR THE PROJECT lN AN AMOUNT NOT-TO-EXCEED $11,600,000.00 (NET OF NON- CONSTRUCTION RELATED PREMIUMS FOR ON.GOING CONVENTION CENTER OPERATIONS); ESTABLISHING A CITY CONTINGENCY FOR THE PROJECT, FOR USE BY THE CITY, lN THE AMOUNT OF $35,000,000.00; AND DELEGATING TO THE CITY MANAGER THE AUTHORTTY TO USE THE CITY CONTINGENCY TO EXECUTE ANY PROJECT.RELATEO AGREEMENTS OR CONTRACT AiiENDMENTS AS MAY BE NEGESSARY FOR THE SUCCESSFUL DELIVERY OF THE PROJECT, WITH MONTHLY REPORTING TO THE CITY COMMISSION WITH REGARD TO UTILIZATION THEREOF. ADMINISTRATION RECOMMENDATION Adopt the Resolution. KEY INTENDED OUTCOME lmprove alliance with key business sectors, namely hospitality, arts & international business with a focus on enhanced culture, entertainment & tourism. FUNDING The following funding sources will be used for three notices to proceed (NTP) issued to Clark: NTP - 1: $ 25,000,000 Line of Credit Fund 443, with any use refunded by bonds NTP - 2: $480,458,058 Proposed Future RDA, Resort Tax and Parking Bonds NTP - 3: $ 10.000.000 Proposed Future RDA, Resort Tax and Parking Bonds Total $5lli^458-058 NTP - 1 Up to a not-to-exceed maximum amount of $25,000,000 no later than November 5, 2015, to authorize early procurement of Work as may be required to maintain the critical path schedule for the Project and other enabling Work. Until such time as NTP2 is issued and City obtains bond financing required for the Project, City shall have no liability or obligation whatsoever to Construction Manager or the Guaranteed Maximum Price (GMP) Amendment for Clark Construction Group, LLC for the Miami Beach Convention Center Renovation and Expansion Project October 21, 2015 Page 2 of 7 Subcontractors under the GMP Amendment or the other Contract Documents for any amounts in excess of NTP1. NTP - 2 Up to a not-to-exceed maximum amount of $480,458,058 once the bond financing has closed. NTP - 3 Up to a not-to-exceed maximum amount of $10,000,000 once the park design is compete. BACKGROUND On March 2,2015 the City issued Request for Proposals (RFP) No. 2015-129-ME for construction manager at-risk services for the Project. On May 20, 2015, the Mayor and City Commission adopted Resolution No. 2015-29028, approving the agreement with Clark Construction Group, LLC ("Clark") for construction manager at-risk services for the Project ("Agreemenfl). The Agreement set forth the terms and conditions for all construction manager at-risk services, provided for a fixed fee for Preconstruction phase services of $2,594,073, and required Clark to propose for City Commission approval a Guaranteed Maximum Price ("GMP") Amendment. ANALYSIS The GMP Amendment is attached hereto. lt includes the overall budget, Clark's GMP, GMP Drawing Set, clarifications and assumptions, owner's budget, and schedule. Overall Budget The following summarizes the overall project budget. I I I T I I I I I I I I I I I t I I I Trade Costs Contractor (Clark) Soft Costs: General Conditions (Clark Staffing) General Requirements Payment & Performance Bond General Liability lnsurance Construction Manager at-risk Fees (3.8%) Construction Manager's Contingency Convention Center Facility GMP Other GMP ltems (lncluding all mark ups) P-Lot Park (allowance) Storm water Drainage Culvert Subtotal TotalGMP Direct Purchase Tax Savings (Estimate) Net TotalGMP $410,205,803 66.62% 24,465,986 3.970/o 14,760,103 2.40% 3,708,000 0.60% 1,807,650 0.290/o 17,288,003 2.910/0 29,747,6'.13 4.930/o 501,983,058 81.53% 10,000,000 1.62% 3,475,000 0.56% 13,475,000 2.19o/o 515,458,058 83.720/o -6,000,000 e.97o/o 509,458,058 82.74oh I I I t I I t I I I I I I t I I t I I Guaranteed Maximum Price (GMP) Amendment for Clark Construction Group, LLC for the Miami Beach Convention Center Renovation and Expansion Project October 21,2015 Page 3 of 7 Owner's (City's) Cost: City Staffing & Expenses Consultant Fees (SAG) Owne/s Rep (Hill lnt'l) Design Fees (Fentress) Owner's Cost Estimator (US Cost) Pre GMP CMAR Fee (Clark) Testing & lnspections Permit & Plan Reviews Site Studies / Other Public Art (AIPP) MBCC FF&E lnsurance (Allowance): o GL Wrap o Builder RisUBuilding (net) . Professional Liability Umbrella Carl Fisher Renovation (Allowance) TotalOwner's Cost Subtotal Owner's (City's) Contingency Total Project Budget 1,561,000 0.250/o 1,047,725 0.,t70/o 5,595,673 0.g10/o 26,669,442 4.330/o 400,030 0.06% 2,594,073 0.420/o 2,329,943 0.38% 2,400,000 0.39% u7,041 0.140/o 6,900,000 1.120/o 6,830,945 1.110/o 9,000,000 1.460/o 1,600,000 0.260/o 1,000,000 0.160/o 2,500,000 0.410/o 71,264,972 1't.570/o 580,722,930 94.32o/o 35,000,000 5.68% $615,722,930 1oo.oo% Trade Costs - The trade cost budget was developed through a bidding process managed by Clark for the major first tier subcontract work, in accordance with the Agreement approved by the Mayor and City Commission pursuant to Resolution No. 2015-29028. The trade bidding process was monitored by the City's Owner's Representative, Hill International (Hill). The following is a summary of the process: . Clark issued a notice to potential subcontractors to participate in a Subcontractor Networking Event held on July 30, 2015. The notice was sent to over 1,000 potential bidders in the Clark database, a notice was posted in regional newspapers (Miami Herald, Daily Business Review, and the Orlando Sentinel), and notifications were sent to ABC East Florida, Broward Biz, Dodge, Miami Chamber of Commerce, Miami Dade Chamber of Commerce, Miami Dade Govemment, Small Business Administration, and South Florida Associated General Contractors. The networking event had over 175 subcontractors and vendors sign up with actual attendance ovet 225. o Clark issued a Request For Proposals to potential subcontractor bidders in early August. A notice was sent to the subcontractors in Clark's database, regional newspapers, and the other organizations listed above. o On August 20, Fentress Architects issued a "GMP Drawing Set" with 65% complete construction documents. The set included 2,250 drawings, and 3,000 pages of specifications. Clark created 62 separate trade bid packages from the GMP Drawing Set, and issued RFP's to the quatified bidders, which included scope descriptions to facilitate comparable bidding. The 62 trade packages were those traditionally utilized in the industry, such as electrical, plumbing, HVAC, concrete, steel, demolition, audio visual, etc. Bidders were asked to prepare a base bid consistent with the GMP Drawing Guaranteed Maximum Price (GMP) Amendment for Clark Construction Group, LLC for the Miami Beach Convention Center Renovation and Expansion Project October 21, 2015 Page 4 of 7 Set. ln addition, they were asked to provide voluntary alternates to be considered that reduced costs or schedule provided they offered the same function, warrantee, and performance as the base specifications. o Each trade bid was deposited in an electronic lock box and reviewed by Clark, Fentress Architects and their engineering disciplines, and the City's Owner's Representative (Hill lnternational). Each bidder invariably interpreted the voluminous number of drawings and specifications differently. Therefore, Clark, with oversight by Hill, and Fentress Architects and their sub consultants met with each bidder to review their scope, understand any differences and deficiencies, and then requested from each bidder a final proposalwith the refined scope. o There are seven trade packages that represent roughly 50% of the trade costs and are critical path trades. These include electrical, plumbing, HVAC, window wall, exterior "fins', audio-visual, and elevators/escalators. For these trades, the bidding process has been completed, and in each case the lowest qualified bidder was selected by Clark. By selecting these key trades prior to the GMP, it eliminated a portion of the bidding risk in the GMP. o Three more trades, demolition, concrete and steel, represent the next 25o/o of the trade costs. Bids have been received from these three trades and the scoping meetings have occurred. However, the subcontractors have not been selected. The final selection of these trades will occur shortly after the City Commission approves the GMP. . For the remaining 25o/o of the trade contracts, bids have been received and reviewed, but not scoped yet. Clark prepared an estimate for these remaining trades based on the bid information. lndependently, the City's cost estimator (US Cost) prepared an estimate for these trades, and Clark, US Cost, Hill, and SAG reconciled the two estimates for inclusion in the GMP. These trade contracts will be finalized over the next few months. ln total, Clark has received 194 bids, and three or more companies bid on 97.8o/o of the work. There will be opportunities for further sub-contracting of these 62 primary subcontracts. Clark estimates there will ultimately be up to 300 subcontractors, sub-subcontractors, and suppliers involved in the project. Clark will implement a number of initiatives to promote further involvement, including the posting of contact information for each primary subcontractor, as well as a listing of opportunities at http://www.mbccrenovation.com/. General Conditions - General conditions represent the costs related to Clark's management team for the project, as well as their on-site overhead costs such as office trailers, utilities, and technology needs as delineated in the Agreement. The staffing plan was developed in conjunction with Hill and SAG. The plan includes 44tull time (varies over time) staff on-site and 15 part time staff off-site, totaling 193,203 hours and an average all-in cost of $110 per hour. The Construction Manager At-Risk Agreement provides for a reduction in these costs if the budgeted staff hours are not ultimately required. Genera! Requirements - General requirements provide for miscellaneous costs to execute the construction. These include cranes, equipment, temporary partitions, temporary shoring, dumpsters, fire watch, security guards, site cleaning, and other similar costs. T I I t t I I I I I I T I T I I I t I t t I I I I t I I t I I t I T t I I T Guaranteed Maximum Price (GMP) Amendment for Clark Construction Group, LLC for the Miami Beach Convention Center Renovation and Expansion Project October 21, 2015 Page 5 of 7 Payment & Performance Bond - Cost of the payment and performance bond related to the construction of the project. General Liability lnsurance - Cost of Clark's general liability insurance required under Construction Manager At-Risk Agreement. This is separate from other insurance required for the Project. CMAR Fees (3.8%) - Clark's fee as previously approved by the City Commission in the Construction Manager At-Risk Agreement, equates to 3.8% of the costs under the control of Clark. Construction Manager's Contingency - Funds for Clark's use for risks assumed by Clark in providing the GMP with uncertainties that are beyond their control as specified in the GMP Amendment. Costs payable from the CM's Contingency include additional costs of the Project that are reasonably inferable from the 65% complete design documents, bid escalation costs if actual trade bids are higher than those budgeted, costs for implementing a hurricane preparedness plan, and other Clark costs as defined in the Agreement. Convention Center Facility GMP - The guaranteed maximum price for construction of the convention center is $502 million, 0.33o/o higher than the conceptual budget of $500.3 million. Other GMP ltems - ln additional to the convention center construction, the GMP will include can allowance for the P-Lot Park and the costs for an underground storm water pipe through the convention center site to move off-site storm water from 176 Street to the Collins Canal. Tota! Guaranteed Maximum Price (GMP) - The guaranteed maximum price is $515,458,058 for the convention center expansion and renovation, the convention center (P-lot) park, and the storm water pipe. Shared Savings - lf actual costs are below the Guaranteed Maximum Price, the savings are to be allocated 75o/o to the City and 25o/o to Clark. Direct Purchase Tax Savings - The City plans to purchase certain materials directly. The sales tax savings from any items purchased directly by the City will be a deductive change order to the GMP, with 100% going to the City. This anticipated sales tax savings are estimated to be $6,000,000. Owner's (City's) Costs - The City is directly responsible for various costs related to the p@ect. Contracts for several of these items have already been approved by the City Commission, including those for design (Fentress), owner's representative (SAG/Hill), and Pre- GMP services (Clark). Other City costs include those for testing and inspection, permit & plan reviews, Art in Public Places, furniture, fixtures & equipment, an allowance to renovate the historic Carl Fisher Clubhouse, and insurance. lnsurance - lnsurance costs include coverage for the following: . General Liability and Excess Liability for third-party claims for property damage and bodily injury as a result of construction activities. The limits of liability are targeted to be $200,000,000, with a $250,000 deductible. Guaranteed Maximum Price (GMP) Amendment for Clark Construction Group, LLC for the Miami Beach Convention Center Renovation and Expansion Project October 21, 2015 Page 6 of 7 o Property (including Builders Risk) insurance is for "All Risk" coverage including flood/ earthquake/named windstorm and equipment breakdown inclusive of all renovation, remodel and expansion of the Convention Center. The tota! insured values are targeted be $700,000,000 with a loss limit $600,000,000 subject to named windstorm limit of $50,000,000, and a flood sublimit of $25,000,000. The named windstorm deductible is targeted to be 5o/o of value at risk at the time of loss, subject to a $1,000,000 minimum. The all other perils deductible is targeted to be $100,000. The amount budgeted is net of the building insurance that is within the Convention Center's operating budget. The City anticipates consolidating the Builder's Risk coverage (for construction) and the City's existing Property lnsurance coverage (for Convention Center operations) under one master policy, given that the MBCC will be in operation during construction. o Owner's Protective Professional and Pollution Liability lnsurance (OPPI) protects the City from both pollution and professional liability in the event the City is brought into a legal action and the contractor's or architect's insurance has either been exhausted or the claim exceeds their limits provided. Policy limits are targeted to be at least $10,000,000. Worker's Compensation insurance providing for work related injuries is not included in the insurance budget. The individual contractors providing labor to the Project are providing this insurance and the costs are included in the trade costs. lnsurance costs are significantly higher than originally expected. This is due to general liability insurance for a project that is open for events while under construction, opening the entire facility twice for Art Basel in a partially constructed building, and due to the large renovation component of a fairly old building. The City will work with the City's Risk Management Division, an insurance broker and/or Clark to bind appropriate coverage at competitive rates. These policies needed to be in place in early December, prior to construction commencement. Accordingly, I request the authority to bind coverage for builder's risk and other insurance policies for the Project in an amount not-to-exceed $1 1,600,000 (net of non-construction related premiums for on-going Convention Center operations, currently budgeted at $2.3 million annually). I will report back to the Commission the results of the competitive process or, if necessary, come back to the Commission if any additional approvals are required. Owner's Contingency - It is recommended that the City have an Owner's Contingency of $35 million for the Project, to cover any additional Project-related expenses for which City is responsible under the Agreement; additional services or other expenses chargeable to the City under existing Project-related agreements, such as additional design services if required of Fentress Architects, or additional Owner's Representative services if required of Hill lnternational, lnc.; and other third-party agreements or expenses as may be necessary for the successful delivery of the Project. Decisions related to the use of the Owner's Contingency in construction projects often needs to be made timely to keep the project on schedule. These changes may require a change order to the construction manager, or may need to be expenditures to third parties. Where practical, I intend to seek advance approval from the City Commission. Where not, I request the authority to use the Owner's Contingency to provide for Owner project costs outlined in the Agreement, and/or to execute other agreements with third-parties as may be necessary for the successful delivery of the Project. I will provide a monthly Owner's Contingency Report outlining its uses I I I I I I I I I I I I I I t I I I I I I I I I I I I I I I I I I I t I I I Guaranteed Maximum Price (GMP) Amendment for Clark Construction Group, LLC for the Miami Beach Convention Center Renovation and Expansion Project October 21,2015 Page 7 of 7 by line item and the remaining balance. We will have a similar report from Clark related to the use of the Construction Manager's Contingency. Total Project Budget - The total project budget is $615,722,930. Schedule - The GMP amendment provides for a substantial completion date of June 30, 2018. Clarifications - The Clarifications outlines'assumptions Clark has made in the GMP when the 650/o GMP Drawing Set was incomplete. This will assist Fentress with completing the design and with minimizing disputes as to what was included in the GMP. CONCLUSION / RECOMMENDATION The Administration recommends that the Mayor and City Commission hereby accept a resolution of the Mayor and City Commission of the City of Miami Beach, Florida, accepting, pursuant to article 6 of the Construction Manager At Risk Agreement ("Agreement") between the City And Clark Construction Group, LLC ("Clark") for the Miami Beach Convention Center Renovation and Expansion Project ("Project"), a Guaranteed Maximum Price (GMP") for the Project in the amount of $515,458,058.00; approving and authorizing the Mayor and City Clerk to execute the GMP Amendment to the Agreement; authorizing the direct purchase of materials and equipment in accordance with the Agreement; authorizing the City Manager to bind coverage for builder's risk and other insurance for the Project, in an amount not-to-exceed $11,600,000.00 (net of non- construction related premiums for on-going Convention Center operations); establishing a City Contingency for the Project, for use by the City, in the amount of $35,000,000.00; and delegating to the City Manager the authority to use the City Contingency to execute any project-related agreements or contract amendments as may be necessary for the successful delivery of the project, with monthly reporting to the City Commission with regard to utilization thereof. Attachments: GMP Amendment JLM / MH T:\AGENDA\201S\OctobeAMBCC Oct 21\Clark GMP Amendment\MBCC CMR GMP - MEMO.docx RESOLUTTON NO. 2015-29188 A RESOLUTION OF THE MAYOR AND CITY COMTTIISSION OF fHE GITY OF MIAMI BEACH, FLORIDA, ACCEPTING, PURSUANT TO ARTICLE 6 OF THE GoNSTRUCTION MANAGER AT RISK AGREEMENT (,,AGREEMENT") BETWEEN THE CITY AND CLARK CONSTRUCTION GROUP, LLC ("CLARK") FOR THE MtAMt BEACH CONVENTTON CENTER RENOVATTON AND EXPANSTON PROJECT (*PROJECT"), A GUARANTEED MA)(IMUM pRtcE ("cMp") FoR THE PROJECT tN THE AMOUNT OF $515,458,058.00; APPROVING AND AUTHORIZING THE MAYOR AND CITY CLERK TO EXECUTE THE GMP AMENDMENT TO THE AGREEMENT; AUTHORIZING THE DIRECT PURCHASE OF MATERIALS AND EQUIPMENT IN ACCORDANCE wlTH THE AGREEMENT; AUTHORIZING THE Clw MANAGER TO BIND COVERAGE FOR BUILDER'S RISK AND OTHER INSURANCE FOR THE PROJECT IN AN AMOUNT NOT.TO.EXCEED $11,600,000.00 (NET oF NoN-CoNSTRUCTION RELATED PREMIUMS FOR ON-GOING GONVENTION CENTER OPERATIONS); ESTABLISHING A CITY CONTINGENCY FOR THE PROJECT, FOR USE BY THE CITY, IN THE AMOUNT OF $35,000,000.00; AND DELEGATING TO THE CITY MANAGER THE AUTHORITY TO USE THE CITY CONTINGENCY TO EXECUTE ANY PROJECT-RELATED AGREEMENTS OR CONTRACT AMENDMENTS AS MAY BE NECESSARY FOR THE SUCCESSFUL DELIVERY OF THE PROJECT, WITH MONTHLY REPORTING TO THE CITY COMMTSSION WITH REGARD TO UTILIZATION THEREOF. WHEREAS, Request for Proposals No. 2015-129-ME (the RFP) was issued on March 2,2015, with an opening date of April 9,2015; and WHEREAS, on April 29, 2015, the City Commission adopted Resolution No. 2015- 29889, accepting the recommendation of the City Manager to award the RFP to Clark and authorized the Administration to enter into negotiations with Clark, subject to prior approval of the final agreement by the Mayor and City Commission; and WHEREAS, on May 2A,2015, the Mayor and City Commission adopted Resolution No. 2015-29028, approving the CM-at-Risk Agreement between the City and Clark Construction Group, LLC, authorizing pre-construction services for the Project and specifying the terms and conditions for the development and negotiation of a Guaranteed Maximum Price ("GMP") for the construction phase services for the Project ("Agreement"); and WHEREAS, since May 20,2015, Fentress Architects, the City's architect of record for the Project, has advanced the design documentation for the Project, and City and Clark have developed and negotiated a proposed GMP for the Project in the amount of $515,458,058.00; and WHEREAS, the Administration recommends that the Mayor and City Commission accept the proposed GMP and approve the GMP Amendment attached hereto as Exhibit "A;" and WHEREAS, the Administration recommends that the City Manager be delegated the authority to bind builder's risk and other appropriate insurance for the Project in an amount not- to-exceed $1 1,600,000.00 (net of non-construction related insurance premiums for on-going I I I I I I I T t t I I I I t I I I I 3l I I I T I I I I I I t I t I I I I I I Convention Center operations), and further recommends the establishment of a City Contingency, a separate fund established outside of the GMP for use by the City for Project- related costs, in the amount of $35,000,000.00, to cover any additional Project-related expenses for which City is responsible under the Agreement; additional services or other expenses chargeable to the City under existing Project-related agreements, such as additional design services if required of Fentress Architects, or additional Owner's Representative services if required of Hilt tnternational, Inc.; and other third-party agreements or expenses as may be necessary for the successful delivery of the Project, with monthly reporting to the City Commission with respect to the progress of the Project and the utilization of the City Contingency. NOW, THEREFORE, BE IT DULY RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, that the Mayor and City Commission hereby accept, pursuant to Article 6 of the Construction Manager at Risk Agreement ("Agreement") between the City and Clark Construction Group, LLC ("Clark") for the Miami Beach Convention Center Renovation and Expansion Project ("Project"), a Guaranteed Maximum Price ("GMP") for the Project in the amount of $515,458,058.00; approve and authorize the Mayor and City Clerk to execute the GMP Amendment attached hereto as Exhibit "A"; authorize the direct purchase of materials and equipment in accordance with the Agreement; authorize the City Manager to bind coverage for builder's risk and other insurance for the Project, in an amount not-to-exceed $11,600,000.00 (net of non-construction related premiums for on-going Convention Center operations); establish a City Contingency for the Project, for use by the City, in the amount of $35,000,000.00; and delegate to the City Manager the authority to use the City Contingency to execute any Project-related agreements or contract amendments as may be necessary for the successful delivery of the Project, with monthly reporting to the City Commission with regard to utilization thereof. PASSED AND ADOPTED this day APPROVED AS TO FORM & TANGUAGE 'or-r/ of October,2015. ATTEST: F)Eo Eo o- E o *) O Oxa asI- I--*, -tsO-E O-O *rEi-)d,Az'IAq E q>R -) ,4\ -)uF ur6E oo oo o- (, t{-oZo =O C lrJl--a[Jlo[l M. 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