Items to be Included. The GMP Proposal must include a written description of how it was derived that specifically identifies the clarifications, assumptions, exceptions and exclusions made by the CM in the GMP proposal and the monetary amounts attributable to them. The GMP Proposal shall include, without limitation, a breakdown of CM’s estimated General Conditions Costs and estimated Costs of the Work organized by trade and CSI division format; all contingency amounts (including escalation), the Construction Phase Fee; and the proposed Contract Time, including dates for Notice to Proceed, completion of the phases of design, Substantial Completion and Final Completion.
Items to be Included. The Budget will be a reasonably detailed budget of revenue and expenses prepared in connection with the operation of the Hotel, similar in kind and scope to operating plans and budgets prepared by Innisfree for other hotels in the Innisfree Group as of the Commencement Date, and
Items to be Included. The GMP Proposal must include a written description of how it was derived that specifically identifies the clarifications and assumptions made by the Design/Build Contractor in the GMP and the monetary amounts attributable to them. The GMP Proposal shall include, without limitation, a breakdown of Design/Build Contractor’s estimated General Conditions Costs and estimated Costs of the Work organized by trade; contingency amounts; the Construction Phase Fee; and the proposed Contract Time, including dates for Notice to Proceed, Substantial Completion and Final Completion.
