Discussion and possible action to accept the Guaranteed Maximum Price (“GMP”) in an amount not to exceed Four Million Five Hundred Sixty-Four Thousand Six Hundred Sixty-Two Dollars Seventy-Six Cents ($4,564,662.76) regarding the Contract with Stoddard Enterprise, LLC, Construction Manager at Risk, for the Veterans Building Rehabilitation and Preservation Project, with a substantial completion contract time of Three Hundred Sixty-Five (365) calendar days from the issuance of the “Notice to Proceed”, authorizing the County Judge to execute all relevant documents and any other matters incident thereto.  [Account #2703-1250-001-474501-108 (Construction in Progress Veteran’s Building Rehabilitation and Preservation Project)]
 
Issue: On January 13, 2025, the Commissioners Court approved a Contract with Stoddard Enterprise, LLC (“CMAR”) to undertake the rehabilitation and preservation of the Veterans Building (“Project”) contingent on approval of a Guaranteed Maximum Price (“GMP”) for the project.
 
Solution: At the May 27, 2025, the Court accepted the Guaranteed Maximum Price on the Project, but there was no timeline to complete the Project. If the Court accepts the Guaranteed Maximum Price, Stoddard Enterprise, LLC will be contractually bound to undertake the Project and substantially complete the Project within Three Hundred Sixty-Five Days (365) calendar days after the issuance of the “Notice to Proceed.”   
 
Result: Acceptance of the GMP and substantial completion timeline will allow the CMAR to do the rehabilitation and preservation work of the Veterans Building within one calendar year.

Webb County is undertaking the rehabilitation and preservation work on the Veterans Building.

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