Town of Castle Rock North Meadows Extension to US 85 CMGC Contract – Independent Cost Estimating
LS Gallegos, contracted with the Town of Castle Rock, CO, to provide Independent Cost Estimating for the extension of the North Meadows Parkway, creating an additional access point for the Meadows subdivision located within the Town of Castle Rock. The project involves the construction of a new interchange on I 25 between the existing Meadows interchange and Happy Canyon interchange. This project was constructed through a Construction Management General Contractor (CMGC) contract between the Town of Castle Rock and Edward Kramer and Sons. LS Gallegos provided cost estimates at the 30%, 60%, and 90% design development phases and provided an Independent Cost Estimate at completion to assist in reaching the Guaranteed Maximum Price. One unique feature of this CMGC project was that the project was broken into three packages to match the timing of funding. LS Gallegos’ ICE estimates were used to successfully negotiate Guaranteed Maximum Prices for each package.