13.2 The Construction Manager-at-Risk shall identify and define contract packages (the value of which shall total to at least 10% of the GMP) that remove barriers to participation commonly experienced by Historically Underutilized Businesses and Minority Business Enterprises (as those terms are defined in N.C.G.S. 143-128.2, Hereinafter: Reduced Barrier Packages (RBP). Such contract packages will be submitted to the owner for review. As an example, RBP’s may require no performance or payment bonds, or may offer the participation of the Construction Manager-at-Risk as a guarantor or surety in the financing of materials purchases by the Principal Trade and/or Specialty Contractors, provided that the Construction may condition such financing participation upon the issuance of joint checks or other similar arrangements to allow the Construction Manager-at-Risk to verify that timely payments are made to suppliers furnishing credit. The Construction Manager-at-Risk may propose other or additional provisions for reducing barriers to participation. H. CONSTRUCTION PHASE SERVICES Construction Phase services provided by the Construction Manager-at-Risk shall be as required to effect the complete construction of the Project and to maintain the established GMP of the Project. 1. Consultation During Continuing Project Development: Upon acceptance of the GMP, the Construction Manager-at-Risk shall continue to advise and assist the Owner and Project Designer during any continuing Design Activities. 2. Project Construction Costs: 2.1 The Construction Manager-at-Risk will publicly bid Principal Trade & Specialty Subcontracts in accordance with the established project schedule. Upon completion of the award process for subcontracts the Construction Manager-at-Risk will summarize the values of all of the subcontracts and compare this total with the budgeted amount within the GMP cost summary. Should the value of the awarded subcontracts be less than the GMP trade contract budget, a reserve fund will be established. The Construction Manager-at-Risk may utilize the Reserve Fund as follows: There are certain uses for the Construction Manager-at-Risk Contingency delineated in Paragraph F.11.2 above. The Construction Manager-at-Risk can only utilize the Reserve Fund for these uses after the Construction Manager-at-Risk Contingency has been expended and upon prior written approval of the Owner.
13.2 The Construction Manager-at-Risk shall identify and define contract packages (the value of which shall total to at least 10% of the GMP) that remove barriers to participation commonly experienced by Historically Underutilized Businesses and Minority Business Enterprises (as those terms are defined in N.C.G.S. 143-128.2, Hereinafter: Reduced Barrier Packages (RBP). Such contract packages will be submitted to the owner for review. As an example, RBP’s may require no performance or payment bonds, or may offer the participation of the Construction Manager-at-Risk as a guarantor or surety in the financing of materials purchases by the Principal Trade and/or Specialty Contractors, provided that the Construction may condition such financing participation upon the issuance of joint checks or other similar arrangements to allow the Construction Manager-at-Risk to verify that timely payments are made to suppliers furnishing credit. The Construction Manager-at-Risk may propose other or additional provisions for reducing barriers to participation. H. CONSTRUCTION PHASE SERVICES Construction Phase services provided by the Construction Manager-at-Risk shall be as required to effect the complete construction of the Project and to maintain the established GMP of the Project. 1. Consultation During Continuing Project Development: Upon acceptance of the GMP, the Construction Manager-at-Risk shall continue to advise and assist the Owner and Project Designer during any continuing Design Activities. 2. Project Construction Costs: 2.1 The Construction Manager-at-Risk will publicly bid Principal Trade & Specialty Subcontracts in accordance with the established project schedule. Upon completion of the award process for subcontracts the Construction Manager-at-Risk will summarize the values of all of the subcontracts and compare this total with the budgeted amount within the GMP cost summary. Should the value of the awarded subcontracts be less than the GMP trade contract budget, a reserve fund will be established. The Construction Manager-at-Risk may utilize the Reserve Fund as follows: There are certain uses for the Construction Manager-at-Risk Contingency delineated in Paragraph F.11.2 above. The Construction Manager-at-Risk can only utilize the Reserve Fund for these uses after the Construction Manager-at-Risk Contingency has been expended and upon prior written approval of the Owner.
Albemarle-ALL-Docs-Final-10-22-14.docx