Common use of Alternative Price Terms Clause in Contracts

Alternative Price Terms. Notwithstanding the requirements of Paragraphs 3.7.2 and 3.7.12, Design-Builder shall be permitted, with Owner's advance approval and in Owner's sole discretion, to seek Trade Contractors or Trade Suppliers who meet the requirements of this Section, through a proposal process under which the proposed Trade Contractor or Trade Supplier offers to provide Construction Management services for designated subcomponents of the Project and, with the Owner's approval, Design-Builder may enter such contracts for the furnishing of such systems on a guaranteed maximum price basis.