Page 3 - Barr&Barr_Cost Proposal
P. 3

GUARANTEED MAXIMUM COST CONTRACT

                                                CORNELL TECH CAMPUS

                                      VERIZON EXECUTIVE EDUCATION CENTER
                          EARLY WORK PACKAGE 1 (EXCAVATION AND FOUNDATION) AND
                                         CONSTRUCTION MANAGEMENT COST

                                                     PROPOSAL FORM



                   Name of Bidder:          Barr & Barr, Inc.

                   Address:                 460 West 34th Street
                                            New York, NY  10001




                   Telephone Number:         212/563-2330


                   TO:           Cornell University
                                 Facilities Contracts
                                 121 Humphreys Service Building
                                 Ithaca, New York  14853-3701

                                 Attn:   Nancy A. Phelps, Director




                   1.     GUARANTEED MAXIMUM COST


                   The  Construction  Manager  shall  submit their costs associated with the construction of the
                   complete Verizon Executive Education Center building, a four-story 40,000 gsf steel frame
                   building which is anticipated to have a  total GMC cost  in the range of  $31,000,000  to
                   $33,000,000:


                       a) Cost of Work / Trade Cost  (Package 1)

                       b) General Conditions  (Cost Proposed for Entire Project)
                       c) CM Fee (Percentage of Cost of Work and General Conditions)

                       d) Bonding / Subguard (Percentage of Trade Cost)
                       e) Insurance (Percentage of Trade Cost and General Conditions)
                       f) Contingency  (Percentage of Trade Cost)










                   Addendum No. 3                  COST PROPOSAL FORM                                BF-1
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