Exhibit 10.3

 

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April 18, 2011

 

Mr. Steve Carbonneau

President

The Richmond Group, Inc.

77 Main Street

Hopkinton, MA  01748

 

Re:                               Amendment to November 1, 2010 Part 2 Agreement
to Update GMP

 

Dear Mr. Carbonneau:

 

This letter shall serve to amend the Part 2 Agreement, as contemplated by
Section 13.1.1.1 of the Part 2 Agreement, to memorialize Cubist and The Richmond
Group, Inc.’s agreement on the Guaranteed Maximum Price (GMP) for the TI Phase
and the Parking Phase of the work covered by the Part 2 Agreement.  Per the
attached budget, the GMP for the TI Phase (Fitout) shall be $14,544,130
including the Fixed A/E Services Cost of $356,270, Fixed Supervision Cost of
$790,010, Fixed General Conditions Cost of $802,927 and Fixed Fee Cost of
$506,000. The GMP for the Parking Phase (Garage) shall be $5,572,996 including
the Fixed A/E Cost of $285,900, Fixed Supervision Cost of $115,107, Fixed
General Conditions Cost of $192,283 and Fixed Fee Cost of $195,000.  As a
result, the total GMP under the Part 2 Agreement, including the $27,519,360 for
the Core & Shell Phase, shall be $47,636,486.

 

The Substantial Completion Date for the TI Phase, shall be December 23, 2011 for
the North Building and March 27, 2012 for the South Building. The Substantial
Completion Date for the Parking Phase shall be November 15, 2011. The Part 2
Agreement shall not be amended in any other way other than as explicitly set
forth in this letter and shall remain in full force and effect, as amended.

 

Please indicate your agreement to this amendment to the Part 2 Agreement by
signing in the space indicated below.

 

Very truly yours,

 

CUBIST PHARMACEUTICALS, INC.

 

 

 

By:

/s/ David W.J. McGirr

 

 

David W.J. McGirr, Sr. Vice President and

 

 

Chief Financial Officer

 

 

Acknowledged and accepted

21 day of April, 2011

 

THE RICHMOND GROUP, INC.

 

By:

/s/ Steve Carbonneau

 

 

Steve Carbonneau

 

 

President

 

 

65 Hayden Avenue, Lexington, MA 02421  P  781.860.8660   F 
781.240.0256   www.cubist.com

 

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Richmond

 

3/18/2011

 

Description

 

GMP Costs – Garage

 

GMP Costs – Fitout

 

 

 

 

 

 

 

Demolition

 

$

—

 

$

45,410

 

Sitework

 

$

675,150

 

$

—

 

Landscaping

 

$

—

 

$

—

 

Precast Structure

 

$

1,820,000

 

$

—

 

Concrete Foundations

 

$

489,500

 

$

—

 

Masonry

 

$

130,881

 

$

—

 

Structural Steel

 

$

—

 

$

—

 

Misc. Metals

 

$

202,140

 

$

—

 

Carpentry/Millwork

 

$

—

 

$

282,970

 

Roofing/Waterproofing

 

$

80,335

 

$

56,897

 

Doors and Hardware

 

$

27,700

 

$

145,105

 

Exterior Façade

 

$

268,978

 

$

—

 

Interior Glass and Glazing

 

$

—

 

$

349,375

 

Drywall

 

$

59,500

 

$

1,370,200

 

Tile

 

$

—

 

$

—

 

Acoustical Ceilings

 

$

—

 

$

221,500

 

Flooring

 

$

—

 

$

706,740

 

Paint

 

$

22,700

 

$

148,610

 

Misc. Specialties

 

$

—

 

$

244,862

 

Equipment — Cold Rooms Only

 

$

—

 

$

288,503

 

Lab Casework

 

$

—

 

$

818,215

 

Elevator

 

$

104,500

 

$

25,000

 

Fire Protection

 

$

167,000

 

$

220,000

 

Plumbing

 

$

109,659

 

$

990,942

 

HVAC

 

$

59,000

 

$

3,314,241

 

Electrical

 

$

230,100

 

$

1,097,900

 

General

 

$

93,000

 

$

339,400

 

Supervision

 

$

115,107

 

$

790,010

 

GC’s/Permits/Insurance

 

$

192,283

 

$

802,927

 

CA Engineering

 

$

285,900

 

$

356,270

 

Insurance and Permits

 

w/GC’s

 

w/GC’s

 

Contingency

 

$

244,543

 

$

800,000

 

Overhead and profit

 

$

195,000

 

$

506,000

 

Ace & New Transformer/Switchboard

 

$

—

 

$

623,053

 

 

 

 

 

 

 

Total Budget

 

$

5,572,996

 

$

14,544,130

 

 

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