GMP Proposal Submitted for Red Oak ISD New Elementary
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Description
Joeris submitted a Guaranteed Maximum Price proposal of $33.67 million for Bid Package #3 – Building of the Red Oak ISD New Elementary School, bringing the combined total with earlier civil and structural packages to $44.96 million. The construction scope covers the remaining IFC set, with a planned 17‑month completion window after commencement, subject to permit issuance and board approval.
Contract Details
Contract Amount
$33,667,171 (BP3); previously approved BP1 $4,181,125 and BP2 $7,116,259; combined total $44,964,555
Vendor
JOERIS
Agency
Red Oak Isd, TX
Contract Type
CONSTRUCTION
Document Date
May 1, 2026
Contract Term
General conditions based on 10 months for this bid package; final completion 17 months after date of commencement (date tied to permits and board approval)
Renewal Info
No explicit renewal options stated; GMP and schedule contingent on board approval, permit issuance, and potential equitable adjustments for supply chain and escalation impacts.
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Red Oak Independent School District Report Summary of Insurance 2026-07-01
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