On October 1, 2012, Council approved a contract award to Owens, Renz & Lee Co., Inc., d/b/a Owens Realty Services for City Hall Operation and Maintenance Services. The estimated annual expenditure at the time was $1,520,833.
In support of the current energy efficiency upgrade and remodel project for City Hall, Facilities Management Division is now requesting to increase the estimated contract amount by $145,000.00 with Owens Realty Services for project management services over the next 18 to 24 months. Owens Realty Services is proposing a management fee of 1.75% for the energy upgrade services and 3.75% for the remodel services of this project. Industry-wide, the typical project management fee structure is between 2% and 10%.
Approval of this amendment will provide project continuity by our current City Hall management Contractor at a fair and equitable cost.
This amendment is for project management fees only and does not provide an opportunity for M/WBE participation. Owens Realty Services will continue to provide a good faith effort towards meeting the M/WBE goals. The current participation level is 32%.