Common use of Buyout Savings Clause in Contracts

Buyout Savings. (i) If Construction Manager receives bids for portions of the Work which are less than the amounts budgeted in the GMP proposal approved by Owner for such portions of the Work, such buyout savings shall first be utilized to offset shortfalls on other bid packages. (ii) If, after offsetting any shortfalls, buyout savings remain, at the time provided on Exhibit D for the award of subcontracts, all buyout savings shall be returned to the Owner via “no cost” change order.

Buyout Savings. (i) If Construction Manager Design/Builder receives bids for portions of the Work which are less than the amounts budgeted in the GMP proposal approved by Owner for such portions of the Work, such buyout savings shall first be utilized to offset shortfalls on other bid packages. (ii) . If, after offsetting any shortfalls, buyout savings remain, at the time provided on Exhibit D F for the award of subcontracts, all buyout savings shall be returned to the Owner via “no cost” change order.

Buyout Savings. (i) If Construction Manager receives bids for portions of the Work which are less than the amounts budgeted in the GMP proposal approved by Owner for such portions of the Work, such buyout savings shall first be utilized to offset shortfalls on other bid packages. (ii) . If, after offsetting any shortfalls, buyout savings remain, at the time provided on Exhibit D for the award of subcontracts, all buyout savings shall be returned to the Owner via “no cost” change order.

Buyout Savings. (i) If Construction Manager receives bids for portions of the Work which are less than the amounts budgeted in the GMP proposal approved by Owner for such portions of the Work, such buyout savings shall first be utilized to offset shortfalls on other bid packages. (ii) If, after offsetting any shortfalls, buyout savings remain, at the time provided on Exhibit D for the award of subcontracts, Owner may, at its sole discretion, direct Construction Manager to return all buyout savings shall be returned including related overhead and profit to the Owner via “no cost” change order.

Buyout Savings. (i) If Construction Manager Design/Builder receives bids for portions of the Work which are less than the amounts budgeted in the GMP proposal approved by Owner for such portions of the Work, such buyout savings shall first be utilized to offset shortfalls on other bid packages. (ii) If, after offsetting any shortfalls, buyout savings remain, at the time provided on Exhibit D G for the award of subcontracts, all buyout savings shall be returned to the Owner via “no cost” change order.

Buyout Savings. (i) If Construction Manager Design/Builder receives bids for portions of the Work which are less than the amounts budgeted in the GMP proposal approved by Owner for such portions of the Work, such buyout savings shall first be utilized to offset shortfalls on other bid packages. (ii) If, after offsetting any shortfalls, buyout savings remain, at the time provided on Exhibit D F for the award of subcontracts, all buyout savings shall be returned to the Owner via “no cost” change order.

Buyout Savings. (i) If Construction Manager receives bids for portions of the Work which are less than the amounts budgeted in the GMP proposal approved by Owner for such portions of the Work, such buyout savings shall first be utilized to offset shortfalls on other bid packagesbidpackages. (ii) If, after offsetting any shortfalls, buyout savings remain, at the time provided on Exhibit D for the award of subcontracts, Owner may, at its sole discretion, direct Construction Manager to return all buyout savings shall be returned including related overhead and profit to the Owner via “no cost” change order.

Buyout Savings. (ia) If Construction Manager Design/Builder receives bids for portions of the Work which are less than the amounts budgeted in the GMP proposal approved by Owner for such portions of the Work, such buyout savings shall first be utilized to offset shortfalls on other bid packages. (iib) If, after offsetting any shortfalls, buyout savings remain, at the time provided on Exhibit D F for the award of subcontracts, all buyout savings shall be returned to the Owner via “no cost” change order.