Arkansas Code Title 19. Public Finance § 19-11-1403. Definitions

(1) “Authorized contingency” means a provision prepared and submitted by the construction manager-general contractor as part of the guaranteed maximum price that is designed to cover costs that may result from:

(2) “Construction manager-general contractor” means a business firm or a legal entity selected by the Director of State Highways and Transportation to act as a construction manager to provide preconstruction services during the design and development phase of a transportation project;

(3) “Construction manager-general contractor method” means a transportation project delivery method using a best value procurement process in which a construction manager is procured to provide preconstruction services and may subsequently construct the whole transportation project or any part of the transportation project as the general contractor if the Arkansas Department of Transportation and the construction manager-general contractor reach an agreement on a guaranteed maximum price;

(4) “Guaranteed maximum price” means:

(5) “Preconstruction services” means work, labor, or services, including services furnished in connection with the design and development of a transportation project before the construction phase, including without limitation:

(6) “Request for proposals” means a document or publication soliciting proposals for a contract for construction of a transportation project between a construction manager-general contractor and the department.