Board passes $22M for stadium design

[Rocky Style]

4 minutes ago, USF_Bullsharks said:

Ok so who is our official source for rendering leaks over the next 12 months? 

AI art engine?

[BDYZR]

I find it hard to believe, but... "The figure is based on something like the projected income loss that the (Stadium)store -owner is likely to have if the contractor fails to achieve (STADIUM)store-opening before a holiday season.

penalties and bonuses in construction contracts

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construction contract advice

$2MIL per game?

[Bullrush33]

So then they are trying to give Publix a safety net when they fund this project and naming rights? 

[usfsig]

The $22 million is for the entire design phase so the design build (DB) contractor will (if they haven't already) line up their subcontractor's, i.e. electrical, mechanical, plumbing, etc. and all of them will work with the DB to design buildable plans and specs. 

I haven't seen the contract, but the $2M per game is likely a negotiated liquidated damages schedule and I would assume there's additional damages for missing construction milestones. Both parties likely waived consequential damages (lost income, increased costs, loss of business opportunities) against each other. I've never negotiated a construction contract that doesn't have a mutual waiver of consequentials.

[usfsig]

Also, the construction portion of the contract is based off of the DB contractor's proposal and is likely a Guaranteed Maximum Price (GMP) contract not to exceed a certain amount. It also likely contains a clause preventing the contractor from seeking material escalation costs. So I don't think you'll have the contractor weighing a cost/benefit analysis on material purchasing. There's also likely a cost savings clause that provides savings and/or rebates to USF with the contractor able to collect a portion of those savings. So ultimately it's in everyone's best interests to get this done efficiently and correctly. 

[CousinRicky]

3 hours ago, Dave_Glaser said:

USF approves $22 million to design Bulls’ on-campus football stadium

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The decision came during a vote at Tuesday’s board of trustees meeting.

 

Another $3.9 million is for what USF calls “additional planning services.” That’s for things like land surveys or geological studies.

 

So we'll finally learn that the IBG isn't under those fields. No excuses now like basketball.

[Rocky Style]

USF is IBG for life.

[Gatorbull325]

If he doesn't make it to the NFL, he should definitely join our coaching staff. This dude is 21 going on 35 years old lol

 

 

 

[USFBulls12]

1 hour ago, Rocky Style said:

USF is IBG for life.

If not this, we just suck at everything for other reasons. IBG4L !!!!

[Dave_Glaser]

31 minutes ago, Gatorbull325 said:

If he doesn't make it to the NFL, he should definitely join our coaching staff. This dude is 21 going on 35 years old lol

 

 

 

I was talking about this with a buddy a couple weeks back and his hypothesis was that Brown is our QB1 and Gerry is back for another year to be a backup and work on his coaching chops. Definitely makes sense.