A new Guaranteed Maximum Price budget amendment for DPAC Stage 2 is going before City Council February 27th for approval. DPAC Stage 2 is the current name for the he as-yet-built 1,700 seat multipurpose acoustic hall at Dr Phillips Center for the Performing Arts in downtown Orlando
$237.5 million will be the full project budget for the following costs:
- construction (within a 36 month period). $190,625,000, is for construction. This amount includes the Guaranteed Maximum Price of $186,625,000 and a construction contingency of $4,800,000.
- architectural and engineering costs
- project management
- inspections
- furniture
- fixtures
The amendment also includes the following changes:
- It authorizes the Chief Administrative Officer of DPAC to approve amendments in an amount not-to-exceed 10% of the GMP.
- Whiting-Turner Contracting Company is late submitting their Blueprint Plan to the Blueprint Special Projects Manager. They have to do so no later than thirty (30) days after execution of the amendment.
- The project contingency, of $4,800,000 will change to $10,000,000 appropriating $5 million of existing Community Venues bond proceeds that are legally restricted for Community Venues capital projects and $5 million of CRA funds.
- The budget amendment also incorporates, among other things, funding from Orange County Tourist Development Taxes, DPAC philanthropy and other sources.
