Common use of Fees; Contract Sum; GMP Clause in Contracts

Fees; Contract Sum; GMP. Owner shall pay CM/GC the Preconstruction Fee described in Article 6.2. In addition, for each Early Work Amendment executed by CM/GC and Owner, Owner shall pay CM/GC, as payment for the Early Work, an amount equal to the sum of the CM/GC Fee attributable to the Early Work, and the actual cost of all Early Work completed and accepted by Owner, but not exceeding the Early Work Price. If a GMP Amendment is executed, Owner shall pay CM/GC, as payment for the Work, the “Contract Sum” which shall equal the sum of the Preconstruction Fee, the CM/GC Fee, the actual cost of the Work including any Early Work, but not exceeding the GMP. The GMP shall be determined in accordance with the formula set forth below and as described in Article 6.3. The "Cost of the Work" is defined in Article 8. Costs in excess of the GMP shall be paid by the CM/GC without reimbursement by Owner. Changes to the GMP shall only be authorized by Amendment or Change Order that includes any necessary OSU or OSU General Counsel approvals. Preconstruction Fee + CM/GC Fee + Estimated Cost of the Work (Est. COW) = GMP* Cost Reimbursement % of Est. COW Includes CM/GC's Contingency and the $ Maximum Becomes Lump Sum Maximum Cost for GC Work *Formula assumes no Early Work is performed.

Fees; Contract Sum; GMP. Owner shall pay CM/GC the Preconstruction Fee described in Article 6.2. In addition, for each Early Work Amendment executed by CM/GC and Owner, Owner shall pay CM/GC, as payment for the Early Work, an amount equal to the sum of the CM/GC Fee attributable to the Early Work, and the actual cost of all Early Work completed and accepted by Owner, but not exceeding the Early Work Price. If a GMP Amendment is executed, Owner shall pay CM/GC, as payment for the Work, the “Contract Sum” which shall equal the sum of the Preconstruction Fee, the CM/GC Fee, the actual cost of the Work including any Early Work, but not exceeding the GMP. The GMP shall be determined in accordance with the formula set forth below and as described in Article 6.3. The "Cost of the Work" is defined in Article 8. Costs in excess of the GMP shall be paid by the CM/GC without reimbursement by Owner. Changes to the GMP shall only be authorized by Amendment or Change Order that includes any necessary OSU OUS or OSU General Counsel DOJ approvals. Preconstruction Fee + CM/GC Fee + Estimated Cost of the Work (Est. COW) = GMP* Cost Reimbursement % of Est. COW Includes CM/GC's Contingency and the $ Maximum Becomes Lump Sum Maximum Cost for GC Work *Formula assumes no Early Work is performed.

Fees; Contract Sum; GMP. Owner shall pay CM/GC the Preconstruction Fee described in Article 6.2. In addition, for each Early Work Amendment executed by CM/GC and Owner, Owner shall pay CM/GC, as payment for the Early Work, an amount equal to the sum of the CM/GC Fee attributable to the Early Work, and the actual cost of all Early Work completed and accepted by Owner, but not exceeding the Early Work Price. If a GMP Amendment is executed, Owner shall pay CM/GC, as payment for the Work, the “Contract Sum” which shall equal the sum of the Preconstruction Fee, the CM/GC Fee, the actual cost of the Work including any Early Work, but not exceeding the GMP. The GMP shall be determined in accordance with the formula set forth below and as described in Article 6.3. The "Cost of the Work" is defined in Article 8. Costs in excess of the GMP shall be paid by the CM/GC without reimbursement by Owner. Changes to the GMP shall only be authorized by Amendment or Change Order that includes any necessary OSU or OSU General Counsel City of Lake Oswego approvals. Preconstruction Fee + CM/GC Fee Fee* + Estimated Cost of the Work (Est. Est COW) = GMP** Cost Reimbursement % of Est. COW Includes CM/GC's Contingency and the $ Maximum Becomes Lump Sum Maximum Per RFP Response Cost for GC Work * CM/GC Fee is the composite of Fee/Performance & Payment Bond/Liability Insurance ** Formula assumes no Early Work is performed.

Fees; Contract Sum; GMP. Owner shall pay CM/GC the Preconstruction Fee described in Article 6.2. In addition, for each Early Work Amendment executed by CM/GC and Owner, Owner shall pay CM/GC, as payment for the Early Work, an amount equal to the sum of the CM/GC Fee attributable applicable to the Early Work, and the actual cost of all Early Work completed and accepted by Owner, but not exceeding the Early Work Price. If a GMP Amendment is executed, Owner shall pay CM/GC, as payment for the Work, the “Contract Sum” which shall equal the sum of the Preconstruction Fee, the CM/GC Fee, the actual cost of the Work including any Early Work, but not exceeding the GMP. The GMP shall be determined in accordance with the formula set forth below and as described in Article 6.36.4. The "Cost of the Work" is defined in Article 8. Costs in excess of the GMP shall be paid by the CM/GC without reimbursement by Owner. Changes to the GMP shall only be authorized by Amendment or Change Order that includes any necessary OSU or OSU General Counsel Owner approvals. Preconstruction Fee + CM/GC Fee + Estimated Cost of the Work (Est. COWECOW) = GMP* Cost Reimbursement $ Maximum % of Est. COW ECOW Becomes Lump Sum Includes CM/GC's ’s Contingency and the $ Maximum Becomes Lump Sum Maximum Fixed Cost for GC Work *Formula assumes no Early Work is performed.

Fees; Contract Sum; GMP. Owner shall pay CM/GC the Preconstruction Fee described in Article 6.2. In addition, for each Early Work Amendment executed by CM/GC and Owner, Owner shall pay CM/GC, as payment for the Early Work, an amount equal to the sum of the CM/GC Fee attributable to the Early Work, and the actual cost of all Early Work completed and accepted by Owner, but not exceeding the Early Work Price. If a GMP Amendment is executed, Owner shall pay CM/GC, as payment for the Work, the “Contract Sum” which shall equal the sum of the Preconstruction Fee, the CM/GC Fee, the actual cost of the Work including any Early Work, but not exceeding the GMP. The GMP shall be determined in accordance with the formula set forth below and as described in Article 6.3. The "Cost of the Work" is defined in Article 8. Costs in excess of the GMP shall be paid by the CM/GC without reimbursement by Owner. Changes to the GMP shall only be authorized by Amendment or Change Order that includes any necessary OSU or OSU General Counsel City of Lake Oswego approvals. Preconstruction Fee + Cost Reimbursement CM/GC Fee Fee* + Estimated Cost of the Work (Est. Est COW) = GMP** Cost Reimbursement % of Est. COW Includes CM/GC's Contingency and the $ Maximum Becomes Lump Sum Maximum Per RFP Response Cost for GC Work * CM/GC Fee is the composite of Fee/Performance & Payment Bond/Liability Insurance ** Formula assumes no Early Work is performed.

Fees; Contract Sum; GMP. Owner shall pay the CM/GC the Preconstruction Fee described in Article 6.2. In addition, for each Early Work Amendment executed by the CM/GC and Owner, Owner shall pay the CM/GC, as payment for the Early Work, an amount equal to the sum of the CM/GC Fee attributable to the Early Work, and the actual cost of all Early Work completed and accepted by Owner, but not exceeding the Early Work Price. If a GMP Amendment is executed, Owner shall pay the CM/GC, as payment for the Work, the “Contract Sum” which shall equal the sum of the Preconstruction Fee, the CM/GC Fee, the actual cost Cost of the Work including any Early Work, but not exceeding the GMP. The GMP shall be determined in accordance with the formula set forth below and as described in Article 6.36.4. The "Cost of the Work" is defined in Article 8. Costs in excess of the GMP shall be paid by the CM/GC without reimbursement by Owner. Changes to the GMP shall only be authorized by Amendment or Change Order that includes any necessary OSU or OSU General Counsel governmental approvals, including any approvals by the County Attorney. Preconstruction Fee + CM/GC Fee + Estimated Cost of the Work (Est. COW“ECOW”) = GMP* Cost Reimbursement % of Est. COW ECOW Includes CM/GC's Contingency and the $ Maximum Becomes Lump Sum Maximum Cost for GC Work *Formula assumes no Early Work is performed.(Note: Bonds, Insurance, & Builder’s Risk are not considered part of the ECOW when Calculating the CM/GC Fee)

Fees; Contract Sum; GMP. Owner shall pay CM/GC the Preconstruction Fee described in Article 6.2. In addition, for each Early Work Amendment executed by CM/GC and Owner, Owner shall pay CM/GC, as payment for the Early Work, an amount equal to the sum of the CM/GC Fee attributable to the Early Work, and the actual cost of all Early Work completed and accepted by Owner, but not exceeding the Early Work Price. If a GMP Amendment is executed, Owner shall pay CM/GC, as payment for the Work, the “Contract Sum” which shall equal the sum of the Preconstruction Fee, the CM/GC Fee, the actual cost of the Work including any Early Work, but not exceeding the GMP. The GMP shall be determined in accordance with the formula set forth below and as described in Article 6.3. The "Cost of the Work" is defined in Article 8. Costs in excess of the GMP shall be paid by the CM/GC without reimbursement by Owner. Changes to the GMP shall only be authorized by Amendment or Change Order that includes any necessary OSU or OSU General Counsel approvals. Preconstruction Fee + CM/GC Fee + Estimated Cost of the Work (Est. COW) = GMP* Cost Reimbursement % of Est. COW Includes CM/GC's Contingency and the $ Maximum Becomes Lump Sum Maximum Cost for GC Work *Formula assumes no Early Work is performed.. SAMPLE

Fees; Contract Sum; GMP. Owner shall pay CM/GC the Preconstruction Fee described in Article 6.2. In addition, for each Early Work Amendment executed by CM/GC and Owner, Owner shall pay CM/GC, as payment for the Early Work, an amount equal to the sum of the CM/GC Fee attributable applicable to the Early Work, and the actual cost of all Early Work completed and accepted by Owner, but not exceeding the Early Work Price. If a GMP Amendment is executed, Owner shall pay CM/GC, as payment for the Work, the “Contract Sum” which shall equal the sum of the Preconstruction Fee, the CM/GC Fee, the actual cost of the Work including any Early Work, but not exceeding the GMP. The GMP shall be determined in accordance with the formula set forth below and as described in Article 6.3. The "Cost of the Work" is defined in Article 8. Costs in excess of the GMP shall be paid by the CM/GC without reimbursement by Owner. Changes to the GMP shall only be authorized by Amendment or Change Order that includes any necessary OSU or OSU General Counsel Owner approvals. Preconstruction Fee + CM/GC Fee + Estimated Cost of the Work (Est. COW) = GMP* Cost Reimbursement % of Est. COW Includes CM/GC's Contingency and the $ Maximum Becomes Lump Sum Maximum Cost for GC Work *Formula assumes no Early Work is performed.