Rizzo Corporation
Rizzo Corporation

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Rizzo, Bethel Settle GMP for Bethel Schools Projects

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Over the past year, the Rizzo Corporation, the Bethel Public Site and Building Commission, State of Connecticut Department of Administration Services, and the design team from Perkins Eastman have been working together to develop a project that satisfies the customers education objectives and falls within the approved budget. The end result of the pre-construction process is the presentation for acceptance of the Rizzo Guaranteed Maximum Price (GMP).

Prior to the GMP, Perkins Eastman developed documentation at three stages of design. Each design stage represents a higher level of completeness starting with schematic design (SD), continuing with design development (DD), and ending with construction documents (CD). At each design stage, the Rizzo pre-construction team, lead by Ed Barrett and Ron Cassella, performed constructability reviews, value engineering evaluations, schedule development, and a detailed budget. Recommendations were presented to the commission prior to moving to the next stage. With the issuance of the construction documents and with the approval of the Department of Administrative Services and the Bethel Public Site and Building Commission, the Rizzo Corporation as Construction Manager advertised the projects for subcontractor bids. Each project included over thirty bid packages. Once the bids were received and evaluated, the apparent low bidders were interviewed to make sure all the requirements were met, they fully understood the project schedule, and included all the work scope within their proposal.

Once the Rizzo Corporation was satisfied the contractors were properly vetted and confident in their abilities, the GMP was developed and presented to the Building Commission and Bethel Town Officials for approval.

Why does any of this matter? Our Guaranteed Maximum Price locks in the project construction costs. Rizzo is responsible for cost overruns, unless the GMP has been increased via a formal change order. Project contingencies are included in the GMP to cover the inevitable unforeseen conditions and the unused funds will be returned to the Town of Bethel.

 

For more information, check out The News-Times' writeup here.