Common use of 1Contract Sum Clause in Contracts

1Contract Sum. If a GMP Amendment or Early Work Amendment is executed, Owner shall pay the Construction Manager at Risk, as payment for the Work, the "Contract Sum" which shall equal the sum of the Preconstruction Fee, the Construction Manager at Risk Fee, the fixed Cost for Specified General Conditions Work, the actual Cost of the Work and NMGRT, but not exceeding the GMP or Early Work Amendments. The GMP shall be determined in accordance with the formula set forth below and as described in Article 6.3. The Construction Manager at Risk Fee, Specified General Conditions and the Cost of the Work are defined in Articles 6.3 and 6.5. Costs in excess of the GMP shall be paid by the Construction Manager at Risk without reimbursement by Owner. Changes to the GMP shall only be authorized by Amendment or Change Order. Preconstruction Fee + CONSTRUCTION MANAGER AT RISK Fee + Specified General Conditions + Cost of the Work = GMP + NMGRT

1Contract Sum. If a GMP Amendment or Early Work Amendment is executed, Owner shall pay the Construction Manager at Risk, as payment for the Work, the "Contract Sum" which shall equal the sum of the Preconstruction Fee, the Construction Manager at Risk Fee, the fixed Cost for Specified General Conditions Work, the actual Cost of the Work and NMGRT, but not exceeding the GMP or Early Work Amendments. The GMP shall be determined in accordance with the formula set forth below and as described in Article 6.3. The Construction Manager at Risk Fee, Specified General Conditions and the Cost of the Work are defined in Articles 6.3 and 6.5. Costs in excess of the GMP shall be paid by the Construction Manager at Risk without reimbursement by Owner. Changes to the GMP shall only be authorized by Amendment or Change Order. Preconstruction Fee + CONSTRUCTION MANAGER AT RISK Construction Manager at Risk Fee + Specified General Conditions + Cost of the Work = GMP + NMGRT