GMP Documents Sample Clauses

GMP Documents. Guaranteed Maximum Price (GMP) is the price structure guaranteeing the actual construction cost of the work plus a fee. The Authority expects to negotiate a GMP for each of the construction phases of the project as defiend in a previous section of this Exhibit A. The Initial GMP documents shall be based on Design Development documents that have been progressed through approximately 10% of Construction Documents. Upon completion of the Initial GMP documents, the XXXX will develop an Initial GMP for the project. The Architect shall provide a detailed statement, in a spreadsheet format, of intended scope of incomplete site, building and design elements with a description of design intent. The Architect shall submit the Initial GMP documents for approval by the Authority. The submittal must include a reconciliation between the most recent statement of probable cost, the project budget and any adjustments authorized by the Authority in the scope or quality of the project or the project budget. The Architect may proceed with the balance of the GMP/Construction documents phase at its own risk prior to approval by the Authority of the Initial GMP documents, but must incorporate any changes into the GMP/Construction documents deemed appropriate by the Authority upon its review of the Initial GMP documents. The Final GMP documents shall be based on 90% complete construction documents. During the preparation of the Final GMP documents, the Architect shall meet, at intervals agreed to, with the Authority, Owner Representative and XXXX and provide any material modifications in quantities or qualities from the documents previously issued by the Architect for the Intial GMP. The Architect shall cooperate with the XXXX in identifying the documents required for the Final GMP. Additionally, the Architect will cooperate with the XXXX in determining the detailed content of the GMP documents including but not limited to drawings and specifications. The Final GMP documents shall take into account the applicable Federal, State and local statutes, codes, regulations, ordinances and resolutions in effect at the time documents are released for permitting including the IBC suite of codes, IFC and NEC with local amendments as adopted by local authorities having jurisdiction and shall meet the level of detail set forth in the Programming, Schematic and Design Development documents. The Architect shall maintain a current trackable list of all Program requirements and quantities in a sp...

GMP Documents. [This exhibit must include the following: the list of drawings and specifications upon which the GMP is based, a narrative description of incomplete design details, allowance items, list of accepted alternates, unit prices]

GMP Documents. The Architect’s 60% drawings for the Mixed Use Facility (collectively “GMP Documents”) have been completed based upon the input and consultation with the City, Redeveloper and CMR. Such GMP Documents show the related Project Improvements to be made by the City for the City Parking Garage Improvements and Redeveloper for the Redeveloper Improvements. The GMP Documents have been submitted to the Redeveloper and the City’s Director of Urban Development for approval.

GMP Documents