Construction Manager as Constructor - Zoom Study Sessoin

Thursday's 10/03 free 6pm ET Zoom study session is titled, “Construction Manager as Constructor” Preview the question we’ll be covering below.

Find the Zoom link here: https://us02web.zoom.us/j/83922907346

A construction manager as constructor (CMc) is building a regional water treatment plant’s repair shop with the use of a guaranteed maximum price (GMP) of $1,300,000. Then, just after the owner-contractor agreement is signed, but before construction begins, the owner opts to increase the scope of the project, adding a second ADA accessible ramp and swapping a garage door with a similar, but larger, one. The “labor + materials” cost of the improvements will be $8,000, but including the builder’s profit, the cost of the modifications will be $10,000. What is the new guaranteed maximum price (GMP) for the project?

$1,300,000 (the GMP doesn’t change with the change of scope)

$1,308,000

$1,310,000