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Vegas Convention Center Settles on $792M Contract

Tuesday, September 18, 2018

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The Las Vegas Convention and Visitors Authority last week gave the final green light needed for the city’s new 1.4 million-square-foot convention center.

The board approved a guaranteed maximum price of $758.1 million, part of a total $792.1 million construction-manager-at-risk contract with a joint venture of Turner Construction and Martin-Harris Construction.

The Project

The Las Vegas Review-Journal reports that under the construction-manager-at-risk development method, the manager must provide a maximum price and must deliver by the deadline. Failure to do either would result in a series of financial penalties.

Las Vegas Convention and Visitors Authority

The Las Vegas Convention and Visitors Authority gave the last green light needed last week for the city’s new 1.4 million-square-foot convention center.

The hall is expected to be completed by Dec. 1, 2020, and the contract includes $691 million in construction costs, $48 million GMP contingency and an $18 million construction management fee.

In addition to the hall, the LVCVA and project manager Terry Miller, of Cordell Corp., agreed to three additional projects that include building landscaping, wall buffers and a canopy over the building’s loading docks, which total $10 million. Reports also note that the LVCVA has agreed to contribute $10 million for hazardous-material remediation at the site.

Designs for the project were presented in April by TVS Design, the lead architect on the project. (TVS is working with four other companies including TSK Architects, Simpson Coulter Studio, Carpenter Sellers Sel Gatto Architects and KME Architects.)

Design renderings show a broad entry featuring an atrium and food court, as well as a rooftop terrace. The design element that has gotten the most attention is being referred to as a “roofline ribbon,” which will serve as a wayfinding system and identify main entrances to the various halls. Designers are also accounting for an outdoor people-mover.

The project is estimated to support 14,000 construction jobs and nearly 7,800 full-time jobs after completion.

The total cost estimate for the project has now reached $935 million, about 8.7 percent higher than the original projection of $860 million.

   

Tagged categories: Contracts; Convention Centers; Ongoing projects

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