Common use of Costs to Be Reimbursed Clause in Contracts

Costs to Be Reimbursed. § 6.1.1 The term Cost of the Work shall mean the following costs necessarily incurred by the Construction Manager in the proper performance of the Work. Work, except those costs compensated as general conditions under Section 5.1.4 above. Such costs shall be at rates not higher than the standard paid at the place of the Project except with prior consent of the Owner. The Cost of the Work shall include only the items set forth in Sections 6.1 through 6.7. Cost of the Work that exceeds the Guaranteed Maximum Price shall be borne by the Construction Manager. § 6.1.2 Where any cost is subject to the Owner’s prior approval, the Construction Manager shall obtain this approval prior to incurring the cost. The parties shall endeavor to identify any such costs prior to executing the Guaranteed Maximum Price Amendment.

Costs to Be Reimbursed. § 6.1.1 The term Cost of the Work shall mean the following costs necessarily incurred by the Construction Manager items set forth in the proper performance of the Work. Work, except those costs compensated as general conditions under this Section 5.1.4 above6.1. Such costs shall be at rates not higher than the standard those customarily paid at the place of the Project except with prior consent of the Owner. The Cost of the Work shall include only the items set forth in Sections 6.1 through 6.7. Cost of the Work that exceeds the Guaranteed Maximum Price shall be borne 6.7 and are subject to review and verification by the owner or Architect at the Owner’s discretion, prior to reimbursement by Owner to Construction Manager. § 6.1.2 Where any cost is subject to the Owner’s prior approval, the Construction Manager shall obtain this approval prior to incurring the cost. The parties shall endeavor to identify any such costs prior to executing the Guaranteed Maximum Price Amendment.

Costs to Be Reimbursed. § 6.1.1 The term Cost of the Work shall mean the following costs necessarily incurred by the Construction Manager in the proper performance of the Work. Work, except those costs compensated as general conditions under Section 5.1.4 above. Such costs shall be at rates not higher than the standard paid at the place of the Project except with prior consent of the Owner. The Cost of the Work shall include only the items set forth in Sections 6.1 through 6.7. The Cost of the Work that exceeds the Guaranteed Maximum Price shall be borne by organized and allocated according to the divisions of the Construction ManagerSpecifications Institute’s latest edition. § 6.1.2 Where any cost is subject to the Owner’s prior approval, the Construction Manager shall obtain this approval in writing prior to incurring the cost. The parties shall endeavor to identify any such costs prior to executing the Guaranteed Maximum Price Amendment.

Costs to Be Reimbursed. § 6.1.1 The term Cost of the Work shall mean the following costs necessarily incurred by the Construction Manager in the proper performance of the Work. Work, except those costs compensated as general conditions under Section 5.1.4 aboveWork and properly charged against the Guaranteed Maximum Price. Such costs shall be at rates not higher than the standard paid at the place of the Project except with prior consent of the Owner. The Cost of the Work shall include only the items set forth in Sections 6.1 through 6.7. Cost Costs of the Work that exceeds exceed the Guaranteed Maximum Price shall be borne by the Construction Manager. § 6.1.2 Where any cost is subject to the Owner’s prior approval, the Construction Manager shall obtain this approval prior to incurring the cost. The parties shall endeavor to identify any such costs prior to executing the Guaranteed Maximum Price Amendment.