91视频

The Portland City Council on Wednesday accepted an amendment to the construction contract for the renovation of the Portland Building. The amendment sets a maximum price of $147.35 million for Howard S. Wright Construction Co.‘s portion of work on the project. The council approved the amendment with a 4-0 vote.

鈥淣ow we have a (price) that can’t be exceeded, which guarantees the city risks on the hard construction costs,鈥� Portland Chief Administrative Officer Tom Rinehart said. 鈥淲e are also on track for LEED gold certification.鈥�

The amendment means Howard S. Wright will be responsible for any cost overruns beyond $147.35 million. The total price tag for the project was set by the City Council in 2015.

鈥淭he project is on budget with the total holding at $195 million,鈥� said Portland Mayor Ted Wheeler said.

The $47.65 million not devoted to construction is being set aside to cover items such as project management, specialty consultants, telecommunications leases and utilities and owner-controlled contingencies for unforeseen conditions.

With the amendment signed, Howard S. Wright can tackle the major construction phase.

鈥淏asically they own the building now,鈥� said Jen Clodius, senior management analyst and public affairs officer for the Office of Management and Finance. 鈥淲e are running ahead of schedule.鈥�

Project completion is scheduled by the end of 2020.