Common use of Changes to Guaranteed Maximum Price Clause in Contracts

Changes to Guaranteed Maximum Price. 2.4.1 The Parties acknowledge that the Guaranteed Maximum Price, including all Phase GMPs, is based on the Construction Documents, including the plans and specifications, as identified in Exhibit D to the Facilities Lease. 2.4.2 As indicated in the Facilities Lease, the Parties may add to or remove from the project specific scopes of work. Based on these change(s), the Parties may agree to a reduction or increase in the Guaranteed Maximum Price, or any Phase GMPs. If a cost impact of a change is agreed to by the Parties, it shall be paid upon the payment request from Developer for the work that is the subject of the change in accordance with the provisions of Exhibit D. The amount of any change to the Guaranteed Maximum Price and/or Phase GMP shall be calculated in accordance with the provisions of Exhibit D to this Facilities Lease. 2.4.3 The Parties agree to reduce the Guaranteed Maximum Price, or Phase GMP as appropriate, for the unused portion of Allowances and/or Contingency, if any.

Changes to Guaranteed Maximum Price. 2.4.1 2.3.1 The Parties acknowledge that the Guaranteed Maximum Price, including all Phase GMPs, is based on the Construction Documents, including the plans and specifications, as identified in Exhibit D to the Facilities Lease. 2.4.2 2.3.2 As indicated in the Facilities Lease, the Parties may add to or remove from the project specific scopes of work. Based on these change(s), the Parties may agree to a reduction or increase in the Guaranteed Maximum Price, or any Phase GMPs. If a cost impact of a change is agreed to by the Parties, it shall be paid upon the payment request from Developer for the work that is the subject of the change in accordance with the provisions of Exhibit D. The amount of any change to the Guaranteed Maximum Price and/or Phase GMP shall be calculated in accordance with the provisions of Exhibit D to this Facilities Lease. 2.4.3 2.3.3 The Parties agree to reduce the Guaranteed Maximum Price, or Phase GMP as appropriate, for the unused portion of Allowances and/or Contingency, if any.

Changes to Guaranteed Maximum Price. 2.4.1 The Parties acknowledge that the Guaranteed Maximum Price, including all Phase GMPs, is based on the Construction Documents, including the plans and specifications, as identified in Exhibit D to the Facilities Lease. 2.4.2 As indicated in the Facilities Lease, the Parties may add to or remove from the project specific scopes of work. Based on these change(s), the Parties may agree to a reduction or increase in the Guaranteed Maximum Price, or any Phase GMPs. If a cost impact of a change is agreed to by the Parties, it shall be paid upon the payment request from the Developer for the work that is the subject of the change in accordance with the provisions of Exhibit D. The amount of any change to the Guaranteed Maximum Price and/or Phase GMP shall be calculated in accordance with the provisions of Exhibit D to this Facilities Lease. 2.4.3 The Parties agree to reduce the Guaranteed Maximum Price, or Phase GMP as appropriate, for the unused portion of Allowances and/or the Developer Contingency, if any.