Adjustments to GMP Sample Clauses

Adjustments to GMP. Adjustments to the GMP after execution of the GMP Amendment may be made only (i) in the event of Scope Changes or (ii) as otherwise expressly provided in this Contract, and then only in accordance with the following procedure: 8.1.1 CM/GC shall review subsequent iterations of the Plans and Specifications as they are prepared to determine whether, in the opinion of CM/GC, they result in a Scope Change so that it can be determined if an adjustment to the GMP is warranted. 8.1.2 Changes to the GMP shall be initiated by written notice by one party to the other ("GMP Change Request"). CM/GC shall deliver any such GMP Change Request to Engineer of Record and the Owner’s Authorized Representative promptly after becoming aware of any Scope Change. Any GMP Change Request shall include a proposal as to the appropriate GMP adjustment with respect to the Scope Change at issue. 8.1.3 CM/GC shall submit its GMP Change Requests as soon as possible, and CM/GC shall not be entitled to claim a GMP increase unless CM/GC submitted a GMP Change Request to the Owner’s Authorized Representative and to Engineer of Record within the earlier of: (a) 10 Days after CM/GC has received the information constituting the basis for the claim, or (b) as to Work not yet bid or proposed, prior to submission of solicitations for such Work and as to Work already solicited, prior to commencement of the portion of the Work for which CM/GC intends to claim a Scope Change; or (c) in any event, prior to CM/GC's signing of a Change Order for the Scope Change. 8.1.4 The Owner may, at any time, submit a GMP Change Request requesting a reduction of the GMP, which shall include the Owner's basis for such request, which may include, for example, reduction of the CM/GC's Contingency after further development of the Plans and Specifications that form the basis for the original GMP Amendment, and/or unused Allowances. 8.1.5 CM/GC shall work with Engineer of Record to reconcile all differences in its GMP Change Request with the Engineer of Record within seven Days from the date of submission of the GMP Change Request. "Reconciled" means that the CM/GC and the Engineer of Record have verified that their assumptions about the various categories are the same, and that identifies the reason for differences in the GMP Change Request and the Engineer of Record’s position. CM/GC shall submit the Reconciled GMP Change Request to the Owner, which submission shall be a condition to any CM/GC claim for a GMP increase.
Sample 1Sample 2Sample 3See All (23)
AutoNDA by SimpleDocs
Adjustments to GMP. Adjustments to the GMP after execution of the GMP Amendment may be made only (i) in the event of Scope Changes or (ii) as otherwise expressly provided in this CM/GC Contract, and then only in accordance with the following procedure: 7.2.1 CM/GC shall review subsequent iterations of the Plans and Specifications as they are prepared to determine whether, in the opinion of CM/GC, they result in a Scope Change so that it can be determined if an adjustment to the GMP is warranted. 7.2.2 Changes to the GMP shall be initiated by written notice by one party to the other ("GMP Change Request"). CM/GC shall deliver any such GMP Change Request to Architect and Owner’s Authorized Representative promptly after becoming aware of any Scope Change if, in CM/GC's opinion, it constitutes grounds for adjustment of the GMP. Any GMP Change Request shall include a proposal as to the appropriate GMP adjustment with respect to the Scope Change at issue. 7.2.3 CM/GC shall submit its GMP Change Requests as soon as possible, and CM/GC shall not be entitled to claim a GMP increase unless CM/GC submitted a GMP Change Request to Owner’s Authorized Representative and to Architect within the earlier of (a) 30 Days after CM/GC has received the information constituting the basis for the claim, or
Sample 1Sample 2Sample 3See All (17)
Adjustments to GMP. Adjustments to the GMP on account of changes in the Work subsequent to the execution of the GMP Addendum may be determined by any of the methods listed in Article V of the General Conditions.
Sample 1Sample 2Sample 3See All (5)
Adjustments to GMP. The GMP may be adjusted under the following circumstances: (i) by written and mutual agreement of the Parties, subject to Board ratification; (ii) Cost Savings pursuant to this Agreement; and (iii) the construction and/or owner’s contingency is exhausted and the District wishes to fund the construction and/or owner contingency with an additional amount of funds.
Sample 1Sample 2Sample 3
Adjustments to GMP. Adjustments to the GMP after execution of the GMP Amendment may be made only (i) in the event of Scope Changes or (ii) as otherwise expressly provided in this CM/GC Contract, and then only in accordance with the following procedure: 7.5.1 Scope Change Determination CM/GC shall review subsequent iterations of the Plans and Specifications as they are prepared to determine whether, in the opinion of CM/GC, they result in a Scope Change so that it can be determined if an adjustment to the GMP is warranted.
Sample 1
Adjustments to GMP. Adjustments to the GMP after execution of the GMP Amendment may be made only (i) in the event of changes to the Scope of Work, or (ii) as otherwise expressly provided in this Agreement, and then only in accordance with the following provisions:
Sample 1

Related to Adjustments to GMP

  • Adjustments to Fees Notwithstanding any of the fee limitations set forth in this Article 6, commencing upon the expiration of the first year of this Agreement, and upon the expiration of each year thereafter during the Term, the then-­‐current fees set forth in Section 6.1 and Section 6.3 may be adjusted, at ICANN’s discretion, by a percentage equal to the percentage change, if any, in (i) the Consumer Price Index for All Urban Consumers, U.S. City Average (1982-­‐1984 = 100) published by the United States Department of Labor, Bureau of Labor Statistics, or any successor index (the “CPI”) for the month which is one (1) month prior to the commencement of the applicable year, over (ii) the CPI published for the month which is one (1) month prior to the commencement of the immediately prior year. In the event of any such increase, ICANN shall provide notice to Registry Operator specifying the amount of such adjustment. Any fee adjustment under this Section 6.5 shall be effective as of the first day of the first calendar quarter following at least thirty (30) days after ICANN’s delivery to Registry Operator of such fee adjustment notice.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!