Acceptance of GMP. Owner’s written approval of the Project Development Plan provided by ESCO under this Contract, and Owner’s full execution of the Phase II Design and Construction Contract will signify the formal acceptance of the GMP by Owner. The full performance and payment security required by the RFP, the General Conditions, and the Design and Construction Contract shall be equal to the GMP.
Acceptance of GMP. Upon acceptance of the GMP by City, the parties shall execute a GMP Amendment for the relevant package to which the GMP relates.
Acceptance of GMP. Upon City’s acceptance of the GMP, the Parties will execute a GMP Amendment in the form attached as Exhibit C. By its execution of a GMP Amendment for all or any given portion of the Work, Contractor represents and warrants that the Contract Price and Contract Time are reasonable for any and all Work to be provided or performed and any and all related or associated costs and expenses. Contractor further represents and warrants that Contractor has fully examined the Contract Documents, and the Project site, and is fully satisfied with the nature, quality, restrictions, location, and character of the Project.
Acceptance of GMP. Upon acceptance of the GMP by Owner, an amendment will be issued to establish the GMP and incorporate construction period services in the Agreement as provided in Article 2.2. The amendment will incorporate additional documents into the Agreement. The full performance/payment security required by the General Conditions shall cover the GMP plus additive amendments, if any.
