Common use of Construction Cost Breakdown Clause in Contracts

Construction Cost Breakdown. The Private Entity’s submission of its Guaranteed Maximum Price (GMP) must include a “schedule of values” type construction cost breakdown by CSI Division and other breakdowns as reasonably requested by Owner’s Representative. Upon written request by the Owner’s Representative, the Private Entity shall provide copies of its contract with its Prime Construction Contractor and construction subcontracts and a comparison to the GMP, for approval by the Owner’s Representative, and for use in verifying monthly construction invoices.

Construction Cost Breakdown. The Private EntityContractor’s submission of its their Guaranteed Maximum Price (GMP) must shall include a “schedule of values” type construction cost breakdown by CSI Division and other breakdowns as reasonably requested by Owner’s Representative. Upon written request by the Owner’s Representative, the Private Entity The Contractor shall provide copies of its contract with its Prime Construction Contractor and construction subcontracts and a comparison to the GMP, for approval by the Owner’s Representative, and for use in verifying monthly construction invoices.