Board Accepts GMP #4 with Hensel Phelps for SEP
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Description
The Board adopted Resolution No. 1923 approving Guaranteed Maximum Price No. 4 with Hensel Phelps Construction for the Safety Enhancement Program Taxiway A Relocation – Phase D2 Replacement Terminal project, setting GMP #4 at not-to-exceed $12,442,012.00 and bringing the total contract ceiling to $98,770,401.00. The action incorporates $3,048,693.00 in value engineering savings across earlier GMPs.
Contract Details
Contract Amount
Not-to-exceed $12,442,012.00 (GMP #4); total not-to-exceed contract cost $98,770,401.00
Vendor
HENSEL PHELPS CONSTRUCTION
Agency
Monterey Peninsula Airport District, CA
Contract Type
CONSTRUCTION
Document Date
April 23, 2026
Renewal Info
This action amends the existing construction contract by adding GMP No. 4 and revising the cumulative not-to-exceed contract value to $98,770,401.00.
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