Common use of Details and Effect of the GMP Cost Limitation Clause in Contracts

Details and Effect of the GMP Cost Limitation. (a) The Design Professional recognizes and agrees that he will design this Project such that the initial Guaranteed Maximum Price will not exceed the GMP Cost Limitation. (b) In contracting with a public or governmental body to render services, the Design Professional is charged with knowledge of any limitation imposed on such body as to amount of money it may spend for a given project; and (c) The GMP Cost Limitation limits the Owner and the Design Professional prior to, but not after, the award of the CM/GC Contract.

Details and Effect of the GMP Cost Limitation. (a) The CM/GC recognizes that the Design Professional recognizes and agrees that he will is required to design this the Project such that the initial Guaranteed Maximum Price will not exceed the GMP Cost Limitation. (b) . In contracting with a public or governmental body to render services, the Design Professional CM/GC is charged with knowledge of any limitation imposed on such body as to amount of money it may spend for a given project; and (c) and The GMP Cost Limitation limits the Owner and Owner, the Design Professional and the CM/GC prior to, but not after, the award establishment of the CM/GC ContractGMP.

Details and Effect of the GMP Cost Limitation. (a) The Design Professional Builder recognizes and agrees that he will design this Project such that the initial Guaranteed Maximum Price will not exceed the GMP Cost Limitation. (b) In contracting with a public or governmental body to render services, the Design Professional Builder is charged with knowledge of any limitation imposed on such body as to amount of money it may spend for a given project; and (c) The GMP Cost Limitation limits the Owner and the Design Professional prior to, but not after, the award of the CM/GC Contract.

Details and Effect of the GMP Cost Limitation. (a) The Design Professional recognizes and agrees that he will design this Project such that the initial Guaranteed Maximum Price will not exceed the GMP Cost Limitation. (b) In contracting with a public or governmental body to render services, the Design Professional is charged with knowledge of any limitation imposed on such body as to amount of money it may spend for a given project; and (c) The GMP Cost Limitation limits the Owner and the Design Professional prior to, but not after, the award of the CM/GC Contract.

Details and Effect of the GMP Cost Limitation. (a) The CM/GC recognizes that the Design Professional recognizes and agrees that he will is required to design this the Project such that the initial Guaranteed Maximum Price will not exceed the GMP Cost Limitation. (b) In contracting with a public or governmental body to render services, the Design Professional CM/GC is charged with knowledge of any limitation imposed on such body as to amount of money it may spend for a given project; and (c) The GMP Cost Limitation limits the Owner and Owner, the Design Professional and the CM/GC prior to, but not after, the award establishment of the CM/GC ContractGMP.

Details and Effect of the GMP Cost Limitation. (a) The Design Professional Design-Builder recognizes and agrees that he its Design Professional will design this Project such that the initial Guaranteed Maximum Price will not exceed the GMP Cost Limitation. (b) In contracting with a public or governmental body to render services, the Design Professional Design-Builder is charged with knowledge of any limitation imposed on such body as to amount of money it may spend for a given project; and (c) The GMP Cost Limitation limits the Owner and the Design Professional prior to, but not after, the award of the CM/GC Contract.

Details and Effect of the GMP Cost Limitation. (a) The Design-Builder recognizes that its Design Professional recognizes and agrees that he will is required to design this the Project such that the initial Guaranteed Maximum Price will not exceed the GMP Cost Limitation. (b) In contracting with a public or governmental body to render services, the Design Professional Design-Builder is charged with knowledge of any limitation imposed on such body as to amount of money it may spend for a given project; and (c) The GMP Cost Limitation limits the Owner Owner, the Executive Administrator and the Design Professional Design-Builder prior to, but not after, the award establishment of the CM/GC ContractGMP.