Common use of Adjustments to the GMP after Construction begins Clause in Contracts

Adjustments to the GMP after Construction begins. Adjustments to the GMP required by Changes in the Work that occur after construction begins shall be determined by any of the methods listed in Article 7 of the General Conditions, unless pricing is based upon subcontractor bid pricing or unit pricing. 7.3.1. The overhead and profit markup for the Construction Manager at Risk on subcontractor bid pricing shall be limited to the Construction Manager at Risk Fee in Article 6.3. 7.3.2. The overhead and profit markup for the Construction Manager at Risk for all other changes in the Work that occur after construction begins shall be limited to the adjustment permitted under Article 7.2.5 of the General Conditions. 7.3.3. In calculating adjustments to subcontracts, unless the parties agree otherwise, the change shall be limited to the Subcontractor’s Direct Costs plus the supplemental markups provided for in Article 7 of the General Conditions.