Exhibit 10.3

 



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

 











 

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