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GAO-02-1069R 1 (2002-09-24)

handle is hein.gao/gaobaamby0001 and id is 1 raw text is: £ Accountability * Integrity * Reliability United States General Accounting Office Washington, DC 20548 September 24, 2002 The Honorable Constance A. Morella Chairwoman Subcommittee on the District of Columbia Committee on Government Reform House of Representatives Subject: District of Columbia: Status of Construction of the Convention Center Dear Madam Chairwoman: You asked us to provide periodic briefings on the status of the construction of the new convention center in Washington, D.C. The convention center is being constructed in accordance with the Washington Convention Center Authority Act of 1994, which authorizes the Washington Convention Center Authority (WCCA) to construct, maintain, and operate a new convention center while continuing to maintain and operate the existing convention center. As agreed with your office, we reviewed information related to the status of the convention center construction, costs, and financing as of June 2002, the most recent information available at the time of our review. Specifically, our objectives were to provide information on (1) issues related to the Revised Guaranteed Maximum Price agreement (RGMP)1 set in January 2002, (2) the status of construction and significant construction issues that could delay completion of the project, (3) whether the January 2002 estimated total project cost2 of $799.5 million has changed, and, if so, the causes and nature of the changes, and (4) whether WCCA's funding appears to be sufficient to cover the current estimated total project cost. In order to meet these objectives, we reviewed the RGMP, held discussions with and obtained information from WCCA officials and the DC City Council's oversight contractor for the project, reviewed the construction manager's (CM) and WCCA's monthly progress reports and WCCA's financing plan, visited the construction site, and considered the results of our prior work, which were most recently reported to 'The RGMP is intended to represent the final construction price negotiated for hard costs between the construction manager and WCCA. 2 WCCA established the $799.5 million total project cost estimate in January 2002. GAO-02-1069R Status of New Convention Center

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