Approval for Greenbriar Park Restroom Construction Costs

Original title: AUTHORIZATION TO EXECUTE A GUARANTEED MAXIMUM PRICE (GMP) AMENDMENT FOR THE GREENBRIAR PARK RESTROOM FACILITY PROJECT

Record date · June 24, 2025

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Public stanceCommunity reactions are separate from the official record and reporting.

What This Bill Does

The Village Council is considering a proposal to finalize the maximum construction cost for the new restroom facility at Greenbriar Park. This sets a guaranteed price limit for the project contractor.

Why it matters

This action establishes the final budget cap for the Greenbriar Park restroom project, which dictates the maximum amount of public funds the village will pay the contractor for the facility's construction.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Village residents

Residents are the primary users of the park facilities and the source of the public funds used for the construction.

Directly affected

Construction contractor

The contractor is bound by the price ceiling established in the amendment for the duration of the project.

Key Facts

The Village Council is reviewing a Guaranteed Maximum Price (GMP) amendment for the Greenbriar Park restroom facility.
The document is filed under reference number 25-7034.
The proposal was introduced on February 28, 2025.
The action serves to finalize the contract terms regarding construction costs for the park project.

Frequently Asked Questions

What is a Guaranteed Maximum Price (GMP) amendment?

A GMP is a contract provision where the contractor agrees that the total cost of the project will not exceed a specific, agreed-upon amount.

Does this mean the project will definitely cost this amount?

The GMP sets a ceiling on the price; the actual cost may be lower, but the village is protected from paying more than the agreed maximum for the specified scope of work.

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