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Work at the Airport Basin continues, with a Holiday Inn Express claiming their stake in the new business development.
Public Works Director Kyle Zimmerman was in council chambers Tuesday to ask council to move forward with Guaranteed Maximum Price #2 for the Airport Basin Project, which would increase GMP #2 to $50,804,480.
The council passed the motion to increase the GMP, with a 7-0 vote.
According to county documents, the Design Development Submittal for the Airport Basin Site Project was awarded on May 15, 2008 to Construction Manager-at-Risk Hensel Phelps.
The award was based in part on an Initial Guaranteed Maximum Price of $56,433,607, which included New Mexico gross receipts tax in the amount of $3,722,707, escalation in the amount of $1,369,375, and contingency in the amount of $2,054,063.
Council awarded GMP #1 in the amount of $14,811,011 plus applicable gross receipts tax on June 24, 2008.
According to the documents, GMP #1 authorized the start of mobilization, earthwork, utilities, some structural work and the procurement of long-lead time or marked sensitive materials. Work began on June 30, 2008 and is currently on schedule.
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