Turner___Townsend_Amendment_No_1_Fully_Executed.pdf
PDF 447 KB Posted
- Attached to
- Master Agreement AZ|CTR077589
- Contract number
- CTR077589
- Issued by
- Arizona
About this file
This document is a Contract Amendment (Number Five) for the Arizona State Retirement System (ASRS), involving the contractor Turner & Townsend PJM US LLC for Project Management Services. The amendment pertains to Contract No. CTR077589 and is executed by ASRS, located in Phoenix, Arizona.
The contract amendment renews the existing agreement for the period from October 1, 2025 to September 30, 2026 and replaces the previous Exhibit D: Pricing Schedule. The pricing structure for project management fees is based on a percentage of Gross Construction Costs, ranging from 6% for projects up to $500,000 to 3% for projects over $1,000,000. Additionally, the contract includes an hourly rate structure for various project management roles, with rates ranging from $120 for a Project Coordinator to $250 for a Managing Director. The amendment allows ASRS to request preliminary budget and conceptual schedule development for capital projects, with project management services to be provided at the specified hourly rates.
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| File | Type | Posted |
|---|---|---|
| TurnerandTownsend-CTR077589-ProjectManagementServices.pdf |
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Text version
CONTRACT AMENDMENT
Contract No.: CTR077589
Description: Project Management Services
Contractor: Turner & Townsend PJM US LLC
Contract Amendment No. Five (5)
In accordance with the Special Terms and Conditions, Section 5 (Contract Renewal) and Section 7 (Price Adjustments), the above-referenced Contract is hereby amended as follows:
1) Contract is renewed for the period October 1, 2025 to September 30, 2026
2) Exhibit D: Pricing Schedule is hereby deleted in its entirety and replaced with the attached Exhibit D: Pricing Schedule.
All other terms and conditions remain the same.
Contractor hereby acknowledges receipt and understanding of this Contract Amendment.
This Contract Amendment is hereby executed this date by the Arizona State Retirement System.
Signature
Signature
Athena Elliston
Name
Name
Chief Procurement Officer 10/3/2025
Title Date Title Date
Head of Operations 10/7/2025
Chris Bone
EXHIBIT D: Pricing Schedule ARIZONA STATE
RETIREMENT SYSTEM
3300 N Central Ave 14th Floor
Phoenix, AZ 85012
Contract No.: CTR077589 Description: Project Management Services Contractor: Turner & Townsend PJM US LLC
Page of
The Project Management Fee is set as a percent of the Gross Construction Costs (hard and soft) as follows:
Gross Construction Cost Percentage
Initial $0.00 - $500,000 6%
Next $500,001 - $750,000 5%
Next $750,001 - $1,000,000 4%
Greater than $1,000,000 3%
Hourly Rate Structure:
ASRS may request Contractor to provide and/or coordinate the development of a preliminary budget and conceptual schedule to support ASRS for the capital project(s) being evaluated for completion (e.g., lobby renovation, amenity upgrades, roof replacement, etc.). In these instances, Contractor will provide project management services at the hourly rates listed below. A mutually agreed-upon scope and schedule will be developed, with a project management fee based on the required time of the appropriate resources at the rates below.
Title Rate Per Hour
Managing Director $ 250
Director $ 225
Senior Project Manager $ 200
Project Manager $ 185
Associate Project Manager $ 150
Project Coordinator $ 120
| 2025-10-07T14:14:37-0700 | |
| Digitally verifiable PDF exported from www.docusign.com |
File details come from the government source that posted it. Updated .