The City of St. Petersburg, Florida, has awarded a contract to Archer Western Construction, LLC., for construction manager at risk services for water and wastewater projects. The contract has a term of 4 years, with the option to renew for successive one-year periods. The construction manager's fee will be based on a percentage of the cost of work, ranging from 13% to 8%. The contract is valued at approximately $1,000,000, but the total value of the contract over its term is estimated to be around $4,000,000. The key aspects of this contract include:
• The contract is for construction manager at risk services for water and wastewater projects.
• The contract has a term of 4 years, with the option to renew for successive one-year periods.
• The construction manager's fee will be based on a percentage of the cost of work, ranging from 13% to 8%.
• The contract is valued at approximately $1,000,000, but the total value of the contract over its term is estimated to be around $4,000,000.