KCI USA Inc. occupied a leased facility San Antonio Texas. The lease period was ending and a new, modern, well planned space to locate all global corporate functions under one roof was required.
VPC worked with the CEO and KCI's senior leadership team to understand their needs, timing and budget. KCI needed to vacate a leased facility so timing was of the essence. The first options included a selection of existing buildings that could house the HQ corporate functions. Negotiations to lease a building were not conclusive and KCI was left with the second option of building to suit.
Since time to occupy was immovable and relatively short, a solution to get a design team and contractor up and running was selected. Consequently a Design & Build, Guaranteed Maximum Price (GMP) contract was negotiated with Koontz McCombs Construction.
Schedule constraints and design time were such that it was not possible to reach a GMP figure in time to release the early trades. To navigate around this constriction, VPC devised a two-stage GMP process:
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