Decrease in Cost of Work. If the Cost of the Work is decreased by change order, payment due from the Owner to the Construction Manager shall be reduced by the amount the Construction Manager is no longer obligated to pay subcontractors or suppliers for performance of the Work. Decreases in the Cost of the Work shall inure to the benefit of the Owner and shall not become part of the Construction Manager’s Contingency.
Appears in 7 contracts
Samples: Agreement for Construction Management Services, Agreement for Construction Management Services, Agreement for Construction Management Services
Decrease in Cost of Work. If the Cost of the Work is decreased by change order, payment due from the Owner to the Construction Manager Design/Builder shall be reduced by the amount the Construction Manager Design/Builder is no longer obligated to pay subcontractors or suppliers for performance of the Work. Decreases in the Cost of the Work shall inure to the benefit of the Owner and shall not become part of the Construction ManagerDesign/Builder’s Contingency.
Appears in 6 contracts
Samples: With Guaranteed Maximum Price, facilities.ufl.edu, Sample Agreement
Decrease in Cost of Work. If the Cost of the Work is decreased by change order, payment due from the Owner to the Construction Manager including related overhead and profit shall be reduced by the amount the Construction Manager is no longer obligated to pay subcontractors or suppliers for performance of the Work. Decreases in the Cost of the Work shall inure to the benefit of the Owner and shall not become part of the Construction Manager’s Contingency.
Appears in 3 contracts
Samples: Agreement for Construction Management Services, Agreement for Construction Management Services, Agreement for Construction Management Services
