Common use of GMP Proposals Clause in Contracts

GMP Proposals. At the appropriate time(s) during Preconstruction Services, considering the progression of the design and the Project delivery schedule, Construction Manager will prepare and submit for the Owner’s consideration a guaranteed maximum price proposal (a “GMP Proposal”). GMP Proposals must include (a) a listing of the applicable Drawings, Specifications, and Addenda, (b) the proposed guaranteed maximum price and the proposed Schedule of Values required in accordance with Section 9.2 of the General Conditions, (c) the subcontractor bidding information required in accordance with Section 5.2.2 of the General Conditions, (d) the proposed rental equipment and staffing schedules required in accordance with Sections 16.3.3.1 and 16.4.5 of the General Conditions, (e) the proposed construction schedule in accordance with Section 3.10.1 of the General Conditions, (f) a list of the clarifications and assumptions upon which the guaranteed maximum price is based, and (g) a proposed GMP Amendment, the general form of which is attached hereto as Exhibit C. If the Project is delivered in phases or components, Construction Manager shall submit separate GMP Proposals for each phase or component and each of the items in the proposal must be specific to the applicable phase or component.