Title/Name/Summary
Downtown Main Street Parking Deck - Walsh Design-Build Contract
History
On August 26, 2015, the Village published a Request for Proposals (RFP) seeking a design-build team to construct a new multi-level public parking structure and other improvements in the Downtown Main Street District associated with the University of Chicago Medicine project.
The Village received proposals on September 29, 2015. After review by Village staff and our consultants, three firms were selected for interviews conducted on October 13, 2015. Based upon the interview and evaluation process, the selection committee found Walsh Construction Company II, LLC (Walsh) to meet or exceed the expectations established in the RFP. The total proposed Guaranteed Price (GMP) in the proposal was $14,627,000.
On October 19, 2015, the Board of Trustees authorized staff to enter into exclusive contract negotiations with Walsh in a timely manner in order to meet project delivery expectations associated with the neighboring University of Chicago Medicine project.
At this time, staff and Walsh have come to an agreement on the major deal terms, including:
Project Specifications:
Walsh shall construct a new 520+ space, multi-level public parking deck and other improvements on roughly 2.0-acres of vacant municipal-owned land as detailed in the Request for Proposals #15-022. In addition to designing and constructing a parking deck, Walsh will perform other ancillary activities including general site preparation, demolition, and utility work, as well as deliver a cold, dark shell space for a +/- 12,000 sf restaurant to be integrated into the north side of the parking deck.
Guaranteed Maximum Price (GMP):
The Contract GMP is $14,560,000. This includes three components: (1) Utility Installation ($499,400); (2) Site Demolition and Preparation ($737,390); and the Parking Structure ($13,323,210 - reduced from the original proposal by $67,000 through contract negotiations). The Parking...
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