Monterey Peninsula Airport District Board of Directors Meeting Minutes March 2026

Contract Amount

Not-to-exceed $12,442,012.00 (GMP #4); total not-to-exceed contract cost $98,770,401.00 after value engineering of -$3,048,693.00

Vendor

HENSEL PHELPS CONSTRUCTION

Agency

Monterey Peninsula Airport District, CA

Contract Type

CONSTRUCTION

Document Date

March 26, 2026

Renewal Info

This action adjusts the guaranteed maximum price structure for an existing construction contract via GMP #4, reducing earlier GMP amounts and establishing a new cumulative not-to-exceed total of $98,770,401.00. No renewal or extension terms are specified.