GMP Proposal. When the Parties agree that the design of the Project is sufficiently developed and documented to allow detailed pricing of its construction, CM shall prepare and submit a Guaranteed Maximum Price (“GMP”)
GMP Proposal. A GMP Proposal to Owner shall include the following, unless the parties mutually agree otherwise:
GMP Proposal. The Guaranteed Maximum Price proposal set forth in Design-Builder’s Base Contract Price Proposal Form (RFP Appendix, Section II) (attached as Exhibit D – Schedule 5.8).
GMP Proposal. At the conclusion of Phase 1, the Design Builder will submit a GMP Proposal pursuant to the requirements set forth in Attachment B. Unless the Parties agree otherwise, the GMP Proposal shall include the deliverables set forth in Attachment B, including but not limited to the following:
GMP Proposal. GMP Proposal means the written offer from CMR to TFC which includes, among other things, a proposed GMP.
GMP Proposal. The GMP shall be the sum of the estimated Cost of the Work for Each Scope of Work as defined in Article 8 and the Design-Builder’s Fee as defined in Article 7. The GMP is subject to modification as provided in Article 9. The Design-Builder does not guarantee any specific line item provided as part of the GMP, but agrees that it will be responsible for paying all costs of completing the Work which exceed the GMP, as adjusted in accordance with this Agreement.
GMP Proposal. 4.15.1 At the time set forth on Exhibit E, the Design/Builder shall prepare and deliver to the Owner, a Guaranteed Maximum Price (“GMP”) proposal. The Design/Builder shall, at a minimum, include in the GMP proposal: a recital of the specific Construction Documents, including drawings, specifications, and all addenda thereto, used in preparation of the GMP proposal; the five (5) elements of the Guaranteed Maximum Price: Guaranteed Maximum Cost of the Work (hereinafter defined), detailed by each subcontract, trade, or bid division; the Design/Builder’s Contingency for the Work; Guaranteed Maximum Design/Builder’s Staffing Cost (hereinafter defined), detailed by expense category; Guaranteed Maximum General Conditions Cost (includes bond & insurance costs) (hereinafter defined), detailed by expense category; and Guaranteed Maximum for Design/Builder’s Overhead and Profit. a draft schedule of values; a description of all other inclusions to, or exclusions from, the GMP; all assumptions and clarifications; and the final Construction Schedule.
GMP Proposal. Design-Builder shall submit to Owner a GMP Proposal for the Contract Price as part of the Phase 1 Services which shall include the following, unless the parties mutually agree otherwise:
GMP Proposal. 4.15.1 At the time set forth on Exhibit E, the Design/Builder shall prepare and deliver to the Owner, a Guaranteed Maximum Price (“GMP”) proposal. The Design/Builder shall, at a minimum, include in the GMP proposal:
GMP Proposal. Each GMP shall be provided by the CM when requested by the Owner, but in general not before one hundred percent (100%) of construction documents with respect to the relevant division of the Project are released by the Designer for permitting and bidding, and no later than thirty (30) calendar days after receipt of all Contractor bids with respect to the relevant division of the Project. The Owner shall accept such GMP or negotiate and reach agreement with the CM on a different GMP within thirty (30) calendar days of the date of the receipt unless such time is mutually agreed to be extended. If the Owner does not accept a GMP within the time period herein provided, such price shall be presumed to be rejected by the Owner.
