The contract, which has a one-year base term and four one-year options terms, has an estimated value to the joint venture of approximately $4.8 million if all option years are exercised. McKissack is a 51 percent partner in the joint venture and Hill is a 49 percent partner.
Services to be provided under the contract include bid preparation; conducting and reviewing bids; recommending qualified low bidders for contract award; performing and assisting with contract and other document preparation for approval; preparation of construction schedules and maintenance of those schedules throughout the life of a project; enforcing construction quality and making recommendations as to corrective actions; insuring projects stay on schedule, budget and highest quality standards; perform value engineering and issue reports when warranted; and any other such services required.