Max Gray Serves as CMR for Iron Exchange Project

HEDA is working with Max Gray as Construction Manager at Risk on the Iron Exchange at 400 redevelopment to establish a Guaranteed Maximum Price. The CMR arrangement supports cost control and risk management for the 400 Block construction project.

Document date · March 3, 2026

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Scope & details

The full contract record, as filed.

Contract type

CONSTRUCTION

Renewal

Current CMR engagement focused on establishing a GMP; renewal or extension terms for construction phases were not detailed in the minutes.

Document type

Minutes

Source document

Hibbing Economic Development Authority Minutes March 3, 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the construction contract by THE HRA OF HIBBING, MINNESOTA?

Max Gray was awarded this construction contract by THE HRA OF HIBBING, MINNESOTA, as recorded on March 3, 2026.

What type of contract is this?

This is a Construction contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Hibbing Economic Development Authority Minutes March 3, 2026 (Minutes), dated March 3, 2026 from THE HRA OF HIBBING, MINNESOTA. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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