Amendment No. 10 to Construction Management Agreement between Gaylord National, LLC and Perini Tompkins Joint Venture

Contract Categories: Business Finance › Modification Agreements
Summary

Gaylord National, LLC and Perini Tompkins Joint Venture have amended their existing construction management agreement for the Gaylord National Harbor Resort and Convention Center Project. This amendment sets the Guaranteed Maximum Price (GMP) for the project at $389,077,027, detailing the allocation of costs for preconstruction services, general conditions, construction work, fees, contingencies, and specific project phases. Both parties agree to these revised terms as of October 27, 2006.

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EX-10.2 2 g03817exv10w2.htm EX-10.2 AMENDMENT NO. 10 TO THE AGREEMENT BETWEEN GAYLORD NATIONAL, LLC AND PERINI/TOMPKINS JOINT VENTURE, DATED OCTOBER 27, 2006 Ex-10.2  

GMP Amendment Number 10
     This Separate GMP Amendment is executed this 27th day of October, 2006, by Gaylord National, LLC (“Owner”) and Perini Tompkins Joint Venture (“Construction Manager”) pursuant to the Agreement dated May 9, 2005 (“Agreement”) executed by the parties for the performance by the Construction Manager of certain construction work and construction management services for the Gaylord National Harbor Resort and Convention Center Project as identified therein.
  1.   Pursuant to the Agreement, Construction Manager hereby agrees that the Guaranteed Maximum Price (“GMP”) for the Work to be performed on the Project (including all Work under this GMP Amendment Number 10 and all Work previously authorized pursuant to GMP Amendments shall be $389,077,027 and that the GMP is accounted as follows: (a) the Preconstruction Services equal $350,000, (b) the Construction Manager’s Lump Sum General Conditions equals $19,255,989, (c) the Cost of the Work equals $343,455,542, (d) the Construction Manager’s Fee equals $12,025,000, (e) Contingency equals $7,228,280, (f) the Phase II General Conditions, Contingency, Fee & Insurance equals $896,224, (g) the Phase II Cost of the Work equals $5,615,436, and (h) the Mock-up Room Cost of Work equals $250,557).
     
OWNER   CONSTRUCTION MANAGER
GAYLORD NATIONAL, LLC   PERINI TOMPKINS JOINT VENTURE
By: Gaylord Hotels, LLC sole member    
             
By:
Title:		   /s/ David C. Kloeppel
 
EVP
 
   By:
Title: 		  /s/ Mark Makary
 
Principle in Charge