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  5. ›RFP #2478 - Westside Shady Grove B

Awarded contract·Housing Opportunities Commission of Montgomery County·Maryland

RFP #2478 - Westside Shady Grove B

Won by CBG Building Company LLC$100MAwarded 10/10/2024Single Award
Contract source

Awarded vendors

  • CBG Building Company LLC

Description

This contract awards CBG Building Company LLC the responsibility for full general‑contracting services to construct the Westside Shady Grove Building B—a 413‑unit mixed‑income, mid‑rise residential development with extensive amenity space, courtyards, and a future library core. The contractor must deliver all labor, materials, equipment, and permits, adhere to NGBS Silver sustainability targets, manage a pre‑cast garage, site utilities, landscape upgrades, and comply with extensive HOC Works, Davis‑Bacon, and MFD subcontracting requirements. The contract is a “GMAX” cost‑plus‑fee with GMP, requires a 5 % bid bond, 100 % performance and payment bonds, and includes a one‑year warranty and detailed insurance, safety, and background‑screening clauses. Evaluation emphasizes contractor qualifications, MFD participation, historical performance, references, financial strength, and price. • Scope: full construction of a 4.5‑acre, 413‑unit mixed‑income building with ~20,000 sq ft of shared amenities and future library provision. • Financial: bonding capacity $120 M, bid bond 5 %, performance/payment bonds 100 % of contract value, cost‑plus‑fee with GMP pricing. • Requirements: 25 % MFD subcontracting, Davis‑Bacon wage compliance, background‑screening, extensive insurance, one‑year warranty, and adherence to HOC Works program.

Attached files

Key dates

Bids closed
11/21/2024
Intent to award
10/10/2024
Awarded
10/10/2024
Contract modified
11/8/2024
Starts
3/24/2025
Ends
3/24/2027
Duration
24 months

Last updated

Details

Award type
Single Award
Procurement
Full and Open Competition
Industry
Construction
NAICS
236220
Solicitation №
RFP #2478

Contract value

$100,000,000

The contract likely falls in the high‑hundreds of millions range. The bonding capacity is $120 M, the project includes 413 residential units, extensive amenity space, a pre‑cast garage, and a future library core. Comparable mixed‑income, mid‑rise projects in the Washington‑DC metro area typically range from $80 M to $130 M depending on unit mix, finishes, and site work. Assuming a mid‑range cost of $250 k per unit (including common areas and site improvements) yields roughly $103 M, which aligns with the $120 M bonding ceiling. Therefore a reasonable ballpark estimate is about $100 M.

AI estimate from the award documents

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