Construction Contract Amount and Funding Sample Clauses

Construction Contract Amount and Funding. In accordance with the terms of this Construction Contract, the maximum Construction Contract Amount to be paid by the City to the Contractor under this Agreement shall not exceed ONE MILLION TWO HUNDRED FIFTY-SEVEN THOUSAND FIVE HUNDRED SIXTY DOLLARS $1,257,560.00. The Contractor guarantees and warrants that the Project will be completed by its performance hereunder for the GMP amount. In no event will the City’s liability exceed the maximum Construction Contract Amount, as adjusted by duly authorized change order in accordance with this Construction Contract. The parties specifically agree that any performance by the Contractor hereunder shall not subject the City to any cost, charge or fee not specified above.