Albuquerque Rapid Transit Signs Guaranteed Maximum Price (GMP) Contract
Mayor Richard J. Berry along with the Bradbury Stamm construction team announced the signing of the Albuquerque Rapid Transit (ART) guaranteed maximum price contract of $82.6 million to construct the ART project. Pre-construction planning is already under way and heavy construction is anticipated to begin shortly. The team has 480 days to finish the project.
“What is so exciting about this project is that 100 percent of the project will be built by local construction workers, people who live and work right here in this great city,” said Cynthia Schultz, CEO of Bradbury Stamm Construction. “We expect 1,000 people will be utilized on the project.”
The ART construction will run from Coors Boulevard to Louisiana Boulevard. People can get additional information at www.brtabq.com or by calling 505-398-4ART.