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:
1. A proposed GMP for the cost of completing all remaining Work on the Project, up to and including Final Completion of the Project. The GMP shall be less than or equal to the MADCC, unless the Parties agree in writing otherwise. Unless the parties agree otherwise, the GMP Proposal shall include the documents listed in Section 1.07.C of Attachment B: G. Owner’s/DES’ Option to Enter Into Phase 2
1. After submission of the GMP Proposal, Design Builder and Owner/DES shall meet to discuss and review the GMP Proposal. The Owner/DES shall make its best efforts to provide such comments within thirty (30) days of the Owner’s/DES’ receipt of the GMP Proposal, unless the Owner/DES provides notification that it requires additional time for review. If Owner/DES has any comments regarding the GMP Proposal or finds any inconsistencies or inaccuracies in the information presented, it shall give written notice to Design Builder of such comments or findings in a reasonably prompt manner. If appropriate, Design Builder shall, upon receipt of Owner’s/DES’ notice, make appropriate adjustments to the GMP Proposal. To assist in the Owner’s/DES’ review of the GMP Proposal, the Design Builder shall, upon the Owner’s/DES’ Request, provide all information, including but not limited to all data, reports, cost analysis, pricing, designs and specifications on which the Design Builder relied or used as a basis for the GMP Proposal. The Owner/DES shall make its best efforts to review any revised GMP Proposal within thirty (30) days of receipt of the revised GMP Proposal.
2. The Owner/DES, at its sole discretion, may exercise its option to enter into Phase 2 of the Contract and accept the GMP Proposal.
a. The Owner/DES shall notify the Design Builder within thirty (30) days of receipt of the GMP Proposal of its decision whether or not to exercise its option to enter into Phase 2.
b. If the Owner/DES accepts the GMP Proposal, the parties shall enter into the GMP Amendment. The total compensation paid to Design Builder for this Project shall not exceed the GMP, as amended pursuant to this Contract.
c. The Owner/DES may suggest modifications to the GMP Proposal, whereupon, if such modifications are accepted i...
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. 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. A GMP Proposal to Owner shall include the following, unless the parties mutually agree otherwise:
i. A proposed GMP;
ii. A list of the Drawings and Specifications, including all addenda, used as the basis for the GMP proposal;
iii. A list of the assumptions and clarifications made by CM/GC in the preparation of the GMP Proposal, which list is intended to supplement the information contained in the Drawings and Specifications;
iv. The Scheduled Final Completion Date upon which the proposed GMP is based, to the extent said date has not already been established under Section 2.b.xx hereof, and a schedule upon which the Scheduled Financial Completion Date is based;
v. If applicable, a list of allowances and a statement of their basis and a statement that, to the best of CM/GC’s knowledge, the cost pertaining to such allowance item is a reasonable estimate taking into account (i) the Project plans and other Contract Documents existing at the time the allowance estimate is made; (ii) the labor and material standards and construction means, methods and techniques prevailing in the industry for projects similar to the Project; and (iii) the level of labor and material costs generally prevailing in the locality of the Project at the time the allowance estimate is made.
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. 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.
GMP Proposal. (1) When the Owner determines that the Construction Documents are 100% complete, the CM shall provide a GMP Proposal.
(2) If the Owner determines the Construction Documents are not 100% complete and a GMP is required to maintain the Project Schedule, the CM shall provide line items within the GMP Proposal for further development of drawings and specifications by the A/E, which shall not include changes in scope, systems, materials or equipment.
(3) The CM shall meet with the Project Director and A/E to review the contents of GMP Proposal. The Owner and A/E shall identify, in writing, all discrepancies in the GMP Proposal and provide same to CM. After receiving the list of discrepancies, the CM shall make the appropriate adjustments to the GMP Proposal for submission to the Owner and the A/E.
(4) A/E shall assist the Owner in reviewing, evaluating and advising Owner regarding CM’s final Project Schedule and GMP Proposal. A/E shall make a written recommendation to Owner with respect to Owner entering into an agreement with CM for the amount of the GMP Proposal.
GMP Proposal. Based on Owner's Project Criteria, the Design Documents, as such may be revised pursuant to Paragraph 3.1.B., and any other Basis of Design Documents upon which the parties may agree, Design-Builder shall submit a Guaranteed Maximum Price (GMP) Proposal to Owner, which shall include the following unless the parties mutually agree otherwise:
A. A proposed contract price for the design and construction of the Project, which price shall be in the form of a GMP, which includes Phases 1 and 2;
B. A schedule and date of Substantial Completion of the Project upon which the GMP for the Project is based;
C. All other information necessary for the parties to enter into the Contract Between Owner and Design-Builder - GMP with the accompanying General Conditions; and
D. The time limit for acceptance of the Proposal.
GMP Proposal. If the Department so determines, it may direct the Design-Builder to purchase certain long lead items prior to commencement of the Construction Phase. In the event the Department issues any such directive, the Design-Builder shall make such purchases as the agent for the Department and any such subcontracts or purchase orders shall be assignable to the Department in the event the Department terminates this Agreement or the parties are unable to agree upon a GMP. Upon the Department’s acceptance of the Design-Builder’s Guaranteed Maximum Price Proposal, all then existing contracts for such items shall be assigned by the Department to the Design-Builder, who shall accept responsibility for such items as if procured by the Design-Builder.
