secwatch.observer — SEC 8-K summary
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Issuer:     AQUABOUNTY TECHNOLOGIES INC (AQB)
CIK:        0001603978
Form:       8-K
Filed at:   2023-06-30T23:59:59+00:00
Accession:  0001193125-23-180380
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AquaBounty signs construction management contract with Gilbane for Ohio salmon facility
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- Gilbane Building Co. engaged as construction manager for land-based salmon farm in Pioneer, Ohio (10,000 MT annual capacity).
- Contract on Guaranteed Maximum Price basis; initial GMP proposal due June 30, 2023; final GMP due Sept 1, 2023.
- Construction Manager fee: 3% of Costs of Work plus General Conditions, with up to 1% incentive fee potential.
- Change order mark-up capped at 3% with $10M deadband; construction contingency set at 3% of Costs and GC.
- Insurance costs: 0.7% for CCIP, 0.25% for non-OCIP/CCIP, and 1.4% subguard insurance on enrolled subcontracts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1603978/000119312523180380/0001193125-23-180380-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1603978/000119312523180380/d498796d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-180380

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