Exhibit 10.3

 

January 10, 2012

 

Mr. David McGirr

Chief Financial Officer

Cubist Pharmaceuticals

65 Hayden Avenue

Lexington, MA 02421

 

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

 

Dear Mr. McGirr:

 

This letter shall serve to amend the Part 2 Agreement, to memorialize Cubist and The Richmond Group, Inc.’s agreement on an updated Guaranteed Maximum Price (GMP) for the TI Phase and the Parking Phase of the work covered by the Part 2 Agreement.  Per the attached summary,  The GMP for the TI Phase shall be adjusted to  $12,597,801 including the Fixed A/E Costs of $356,270, Fixed Supervision Cost of $790,010, and Fixed General Conditions of $802,927 and Fixed Fee of $506,000.  The GMP for the Parking Phase (Garage) shall be $ 5,380,446 including the Fixed A/E Costs of 285,900, Fixed Supervision Cost of $115,107, Fixed General Conditions Cost of $192,283 and Fixed Fee Cost of $195,000.  The Richmond Group has absorbed $2,439,384 of additional work not originally contemplated, as requested by Cubist throughout the project .  These amounts are detailed on the attached document, and Cubist Agrees that these amounts shall be included in the total GMP.  As a result the total GMP under the Part 2 Agreement including the $27,271,205 for the Core and Shell Phase shall be adjusted to $47,688,836.

 

Substantial Completion for the Garage and TI phase was achieved on December 16, 2011 for the North Building.  Work remains ongoing within the South Building and shall be completed in accordance with the schedule as mandated by the availability of space once Cubist moves, the target occupancy for this Phase shall be May 18th, 2012.  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,

The Richmond Group, Inc.

 

	
By:
    	
/s/ Richard J. Leffelholz
    	
 
    
	
 
    	
Richard J. Leffelholz, Executive Vice   President
    	
 
    


 

Acknowledged and Accepted

 

16th day of  December, 2011.

 

CUBIST  PHARMACEUTICALS

 

	
By:
    	
/s/ David W. J. McGirr
    	
 
    
	
 
    	
David McGirr, Chief Financial Officer
    	
 
    


 













 


	

    




 

	
12/22/2011
    	
 
    	
 
    	
 
    	
 
    	
 
    


 

	
Description
    	
 
    	
Final Costs - Core
   and Shell
    	
 
    	
Final Costs - Garage
    	
 
    	
Final Costs - Fitout
    	
 
    	
Approximate Costs
   of Absorbed Work
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Demolition
    	
 
    	
$
    	
252,550
    	
 
    	
$
    	
—
    	
 
    	
$
    	
7,211
    	
 
    	
$
    	
55,000
    	
 
    
	
Sitework
    	
 
    	
$
    	
1,149,303
    	
 
    	
$
    	
616,914
    	
 
    	
$
    	
—
    	
 
    	
 
    	
 
    
	
Landscaping
    	
 
    	
$
    	
326,206
    	
 
    	
$
    	
—
    	
 
    	
$
    	
—
    	
 
    	
 
    	
 
    
	
Precast Structure
    	
 
    	
$
    	
—
    	
 
    	
$
    	
1,820,000
    	
 
    	
$
    	
—
    	
 
    	
 
    	
 
    
	
Concrete   Foundations
    	
 
    	
$
    	
1,110,192
    	
 
    	
$
    	
494,721
    	
 
    	
$
    	
—
    	
 
    	
 
    	
 
    
	
Masonry
    	
 
    	
$
    	
—
    	
 
    	
$
    	
168,781
    	
 
    	
$
    	
—
    	
 
    	
 
    	
 
    
	
Structural Steel
    	
 
    	
$
    	
2,886,959
    	
 
    	
$
    	
—
    	
 
    	
$
    	
—
    	
 
    	
$
    	
150,000
    	
 
    
	
Misc. Metals
    	
 
    	
$
    	
636,843
    	
 
    	
$
    	
205,140
    	
 
    	
$
    	
—
    	
 
    	
$
    	
20,000
    	
 
    
	
Carpentry/Millwork   
    	
 
    	
$
    	
6,490
    	
 
    	
$
    	
—
    	
 
    	
$
    	
175,369
    	
 
    	
$
    	
14,000
    	
 
    
	
Roofing /   Waterproofing
    	
 
    	
$
    	
1,153,660
    	
 
    	
$
    	
70,055
    	
 
    	
$
    	
76,497
    	
 
    	
 
    	
 
    
	
Doors and Hardware
    	
 
    	
$
    	
116,238
    	
 
    	
$
    	
27,116
    	
 
    	
$
    	
110,612
    	
 
    	
$
    	
70,000
    	
 
    
	
Exterior Facacde
    	
 
    	
$
    	
3,384,226
    	
 
    	
$
    	
294,322
    	
 
    	
$
    	
—
    	
 
    	
 
    	
 
    
	
Interior Glass and   Glazing
    	
 
    	
$
    	
109,189
    	
 
    	
$
    	
—
    	
 
    	
$
    	
380,000
    	
 
    	
 
    	
 
    
	
Drywall
    	
 
    	
$
    	
1,904,164
    	
 
    	
$
    	
79,444
    	
 
    	
$
    	
1,435,000
    	
 
    	
$
    	
350,000
    	
 
    
	
Tile
    	
 
    	
$
    	
—
    	
 
    	
$
    	
—
    	
 
    	
$
    	
—
    	
 
    	
 
    	
 
    
	
Acoustical   Ceilings
    	
 
    	
$
    	
—
    	
 
    	
$
    	
—
    	
 
    	
$
    	
208,196
    	
 
    	
$
    	
20,000
    	
 
    
	
Flooring
    	
 
    	
$
    	
192,342
    	
 
    	
$
    	
—
    	
 
    	
$
    	
685,136
    	
 
    	
$
    	
125,000
    	
 
    
	
Paint
    	
 
    	
$
    	
91,415
    	
 
    	
$
    	
21,020
    	
 
    	
$
    	
128,150
    	
 
    	
$
    	
22,000
    	
 
    
	
Misc. Specialties
    	
 
    	
$
    	
2,575
    	
 
    	
$
    	
—
    	
 
    	
$
    	
154,095
    	
 
    	
$
    	
10,000
    	
 
    
	
Equipment - Cold   Rooms Only
    	
 
    	
$
    	
—
    	
 
    	
$
    	
—
    	
 
    	
$
    	
170,657
    	
 
    	
$
    	
93,000
    	
 
    
	
Lab Casework
    	
 
    	
$
    	
—
    	
 
    	
$
    	
—
    	
 
    	
$
    	
790,000
    	
 
    	
$
    	
96,258
    	
 
    
	
Elevator
    	
 
    	
$
    	
309,272
    	
 
    	
$
    	
115,028
    	
 
    	
$
    	
—
    	
 
    	
 
    	
 
    
	
Fire Protection
    	
 
    	
$
    	
324,617
    	
 
    	
$
    	
167,000
    	
 
    	
$
    	
223,408
    	
 
    	
 
    	
 
    
	
Plumbing
    	
 
    	
$
    	
536,420
    	
 
    	
$
    	
113,659
    	
 
    	
$
    	
1,020,128
    	
 
    	
$
    	
32,126
    	
 
    
	
HVAC
    	
 
    	
$
    	
6,906,206
    	
 
    	
$
    	
93,052
    	
 
    	
$
    	
3,285,203
    	
 
    	
$
    	
728,000
    	
 
    
	
Electrical
    	
 
    	
$
    	
2,077,932
    	
 
    	
$
    	
243,392
    	
 
    	
$
    	
976,294
    	
 
    	
$
    	
654,000
    	
 
    
	
General
    	
 
    	
$
    	
572,995
    	
 
    	
$
    	
62,512
    	
 
    	
$
    	
316,638
    	
 
    	
 
    	
 
    
	
Supervision
    	
 
    	
$
    	
860,845
    	
 
    	
$
    	
115,107
    	
 
    	
$
    	
790,010
    	
 
    	
 
    	
 
    
	
GC’s/Permits/Insurance
    	
 
    	
$
    	
585,665
    	
 
    	
$
    	
192,283
    	
 
    	
$
    	
802,927
    	
 
    	
 
    	
 
    
	
CA Engineering
    	
 
    	
$
    	
403,850
    	
 
    	
$
    	
285,900
    	
 
    	
$
    	
356,270
    	
 
    	
 
    	
 
    
	
Insurance and   Permits
    	
 
    	
$
    	
440,445
    	
 
    	
w/GC’s
    	
 
    	
w/GC’s
    	
 
    	
 
    	
 
    
	
Contingency
    	
 
    	
$
    	
—
    	
 
    	
$
    	
—
    	
 
    	
$
    	
—
    	
 
    	
 
    	
 
    
	
Overhead and   Profit
    	
 
    	
$
    	
930,606
    	
 
    	
$
    	
195,000
    	
 
    	
$
    	
506,000
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
Total Budget
    	
 
    	
$
    	
27,271,205
    	
 
    	
$
    	
5,380,446
    	
 
    	
$
    	
12,597,801
    	
 
    	
$
    	
2,439,384
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Costs without   Absorbed Extra Work
    	
 
    	
$
    	
45,249,452
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
Total Final Costs
    	
 
    	
$
    	
47,688,836
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
Budget summary of items comprising   Absorbed work
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
$
    	
187,826
    	
 
    	
New Lab Modifications Requested by Cubist
    	
 
    
	
 
    	
 
    	
$
    	
319,019
    	
 
    	
New Rackwasher - Level 1
    	
 
    
	
 
    	
 
    	
$
    	
254,414
    	
 
    	
NMR Room Rework Level 1 (Not in BOD)
    	
 
    
	
 
    	
 
    	
$
    	
387,810
    	
 
    	
3rd Floor ACF (Not in BOD)
    	
 
    
	
 
    	
 
    	
$
    	
433,315
    	
 
    	
New Trasformer and Switchgear for the   Existing 3 Story Building
    	
 
    
	
 
    	
 
    	
$
    	
857,000
    	
 
    	
Level 1 Modifications (Not in BOD)
    	
 
    
	
 
    	
 
    	
$
    	
2,439,384