The Observation Deck

Here's a message from Board of Ed Treasurer Kent Zeman:

A Special Board of Education Meeting has been scheduled for Thursday, September 25, 2014, at 7:30 a.m. in the Superintendent’s Office at the Board of Education Building, 1470 Warren Road, Lakewood, Ohio 44107 for the purpose of approving the Guaranteed Maximum Price (GMP) Amendment #1 for Roosevelt/Grant/Lincoln Elementary Schools’ Demolition/Abatement Package (CM at Risk) and any other business that may come before the Board.

Kent R. Zeman, CFO/Treasurer
Lakewood City Schools


So the Guaranteed Maximum Price is to be amended (Amendment #1) for the demolition and abatement of Grant, Roosevelt and Lincoln? Does that mean the amount has to be increased? It would be great if it meant it had to be decreased. Where does the money come from if it's an increase? The bond we passed was for a certain amount, I think.

What does "CM at Risk" mean?

If anyone knows more details, please post them here.

This sounds like an interesting meeting to attend. Bring coffee and donuts.

Betsy Voinovich

Betsy Voinovich wrote:What does "CM at Risk" mean?

If anyone knows more details, please post them here.

This sounds like an interesting meeting to attend. Bring coffee and donuts.

Betsy Voinovich

It's a weird name that just means the Schools will hire a construction manager and centralize the construction under one construction manager who is a member of the team.

I think in this case they want to manage all four construction projects as one project with the same management team. It also looks like they are requiring a cost plus contract that does not exceed a certain amount.

School boards usually ask for more money than they need to make sure they have enough. If they have more than enough they can brag about how well the project was managed.

Bill is correct, CM at Risk is Construction Manager at Risk, which is Turner Regency AKA. The amendment is to add the elementary abatement/demolition contract to the original GMP agreement for the entire project.

Christine Gordillo
Communications Coordinator
Lakewood City Schools