Common use of Following Acceptance of GMP Clause in Contracts

Following Acceptance of GMP. Upon acceptance of the GMP by Owner, Owner and ESCO shall enter into the Design and Construction Contract. The full performance and payment security required by the RFP, the General Conditions and the Design and Construction Contract shall be increased as needed to include any additive amendments to the GMP.

Following Acceptance of GMP. Upon acceptance of the GMP by Owner, Owner and ESCO shall enter into the Design and Construction Contract, with the GMP established as the Contract Price. The full performance and payment security required by the RFP, the General Conditions and the Design and Construction Contract shall be increased as needed to include any additive amendments to the GMP.