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CONSTRUCTIONAPPROVED

Metropolitan Nashville Airport Authority Operations Committee Agenda Packet May 2026

Final CGMP Approved for Concourse A Reconstruction

Component Guaranteed Maximum Price 1 $32,861,879; Component Guaranteed Maximum Price 2 $109,886,525; Component Guaranteed Maximum Price 3 $370,132,268; Component Guaranteed Maximum Price 4 $30,000,000 NTE; Guaranteed Maximum Price $542,880,672 NTEMetropolitan Nashville Airport AuthorityHENSEL PHELPS CONSTRUCTION COMPANYMay 13, 2026

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Description

MNAA staff seeks final approval of Component Guaranteed Maximum Price 4 of $30 million with Hensel Phelps Construction Company for Concourse A central core expansion, completing a total GMP of $542.88 million for the reconstruction program. The CMAR contract, begun in October 2024, is scheduled to run through July 11, 2028 and is funded entirely by bonds.

Contract Details

Contract Amount

Component Guaranteed Maximum Price 1 $32,861,879; Component Guaranteed Maximum Price 2 $109,886,525; Component Guaranteed Maximum Price 3 $370,132,268; Component Guaranteed Maximum Price 4 $30,000,000 NTE; Guaranteed Maximum Price $542,880,672 NTE

Vendor

HENSEL PHELPS CONSTRUCTION COMPANY

Agency

Metropolitan Nashville Airport Authority, TN

Contract Type

CONSTRUCTION

Document Date

May 13, 2026

Contract Term

October 2024 – July 11, 2028 (1,371 calendar days)

Renewal Date

2028-07-11

Renewal Info

CMAR contract with defined GMP components; no renewal options noted, with substantial completion targeted by July 11, 2028.

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Metropolitan Nashville Airport Authority (MNAA) (Tennessee)$542,880,672 NTE (GMP; includes CGMPs 1–4)May 20, 2026

Metropolitan Nashville Airport Authority Joint Meeting Agenda Packet May 2026

Metropolitan Nashville Airport Authority (Tennessee)CGMP1 $32,861,879; CGMP2 $109,886,525; CGMP3 $370,132,268; CGMP4 Not to exceed $30,000,000; Overall GMP Not to exceed $542,880,672May 19, 2026

Issuing Agency

Metropolitan Nashville Airport Authority

Airport Authority

TN

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Vendor

HENSEL PHELPS CONSTRUCTION COMPANY

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