Common use of GMP Clause in Contracts

GMP. The parties agree that the GMP for the Project is $ , consisting of the Preconstruction Fee, the Estimated Cost of the Work and the CM/GC Fee (stated as a fixed dollar lump sum amount), as follows: Preconstruction Fee: $ Estimated Cost of Work (Est. COW): $ CM/GC Fee ( % of Est. COW): $ GMP (Total of above categories): $ For purposes of determining the GMP, the Estimated Cost of the Work includes the CM/GC’s Contingency, costs for General Conditions Work, and the costs of all components and systems required for a complete, fully functional facility.

Appears in 10 contracts

Samples: Cm/Gc Contract, Construction Manager/General Contractor Contract, Construction Manager/General Contractor Contract

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GMP. The parties agree that the GMP for the Project is $ , consisting of the Preconstruction Fee, the Estimated Cost of the Work and the CM/GC Fee (stated as a fixed dollar lump sum amount), as follows: Preconstruction Fee: $ Estimated Cost of Work (Est. COW): $ CM/GC Fee ( % of Est. COW): $ GMP (Total of above categories): $ For purposes of determining the GMP, the Estimated Cost of the Work includes the CM/GC’s Contingency, costs the Fixed Cost for General Conditions GC Work, and the costs of all components and systems required for a complete, fully functional facility.

Appears in 5 contracts

Samples: Cm/Gc Contract, Cm/Gc Contract, Cm/Gc Contract

GMP. The parties agree that the GMP for the Project is $ , consisting of the Preconstruction Fee, the Estimated Cost of the Work and the CM/GC Fee (stated as a fixed dollar lump sum amount), as follows: Preconstruction Fee: $ Estimated Cost of Work (Est. COW“ECOW): $ CM/GC Fee ( % of Est. COWECOW): $ Bonds, Insurance (CCIP), Builder’s Risk $ GMP (Total of above categories): $ For purposes of determining the GMP, the Estimated Cost of the Work ECOW includes the CM/GC’s Contingency, costs the Fixed Cost for General Conditions GC Work, and the costs of all components and systems required for a complete, fully functional facility.

Appears in 3 contracts

Samples: Construction Manager/General Contractor Contract, Construction Manager/General Contractor Contract, Construction Services Contract

GMP. The parties agree that the GMP for the Project is $ , consisting of the Preconstruction Fee, the Estimated Cost of the Work and the CM/GC Fee (stated as a fixed dollar dollar’ lump sum amount), as follows: Preconstruction Fee: $ Estimated Cost of Work (Est. COW“ECOW”): $ CM/GC Fee ( % of Est. COWECOW): $ Bonds, Insurance, Builder’s Risk: $ GMP (Total of above categories): $ For purposes of determining the GMP, the Estimated Cost of the Work ECOW includes the CM/GC’s Contingency, costs the Fixed Cost for General Conditions GC Work, and the costs of all components and systems required for a complete, fully functional facility.

Appears in 2 contracts

Samples: Construction Manager/General Contractor Contract, Cm/Gc Contract

GMP. The parties agree that the GMP for the Project is $ < Dollar Amount>, consisting of the Preconstruction Fee, the Estimated Cost of the Work Work, and the CM/GC Fee (stated as a fixed dollar lump sum amount), as follows: Preconstruction Fee: $ Estimated Cost of Work (Est. COW): $ CM/GC Fee ( % of Est. COW): $ GMP (Total of above categories): $ For purposes of determining the GMP, the Estimated Cost of the Work (COW) includes the CM/GC’s Contingency, costs for General Conditions Work, and the costs of all components and systems required for a complete, fully functional facility.

Appears in 2 contracts

Samples: Construction Manager/General Contractor Contract, Construction Manager/General Contractor (Cm/Gc) Contract

GMP. The parties agree that the GMP for the Project is $ , consisting of the Preconstruction Fee, the Estimated estimated Cost of the Work and the CM/GC Fee (stated as a fixed dollar lump sum amount), as follows: Preconstruction Fee: $ Estimated Cost of the Work (Est. COW): $ _ CM/GC Fee ( % of Est. COW): $ _* GMP (Total of above categories): $ For purposes _ Contractor represents and warrants that, notwithstanding the level of determining detail represented in the GMPGMP Supporting Documents, the Estimated Cost of the Work GMP includes the CM/GC’s Contingency, costs for General Conditions Work, and the costs entire cost of all components and systems required for a complete, fully functional facility.

Appears in 1 contract

Samples: GMP Amendment

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GMP. The parties agree that the GMP for the Project is $ , consisting of the Preconstruction Fee, the Estimated Cost of the Work and the CM/GC Fee (stated as a fixed dollar lump sum amount)Fee, as follows: Preconstruction Fee: $ Estimated Cost of Work (Est. COW“ECOW): $ CM/GC Fee ( % of Est. COWECOW): $ Bonds, Insurance (CCIP), Builder’s Risk $ GMP (Total of above categories): $ For purposes of determining the GMP, the Estimated Cost of the Work ECOW includes the CM/GC’s Contingency, costs the Fixed Cost for General Conditions GC Work, and the costs of all components and systems required for a complete, fully functional facility.

Appears in 1 contract

Samples: Emergency Construction Services Contract

GMP. The parties agree that the GMP for the Project is $ , consisting of the Preconstruction Fee, the Estimated Cost of the Work and the CM/GC Work, Construction Manager at Risk Fee (stated as a fixed dollar lump sum amount), and the SGC Work as follows: Preconstruction Fee: $ Estimated Cost of Work (Est. COW): $ CM/GC Fee ( % of Est. COWCost of the Work): $ Specified General Conditions: $ GMP (Total of above categories): ):* $ *excluding Pre-Construction Fee For purposes of determining the GMP, the Estimated Cost of the Work GMP includes the CM/GCConstruction Manager at Risk’s Contingency, costs for General Conditions the Construction Manager at Risk Field Work, and the costs of all components and systems required for a complete, fully functional facility.

Appears in 1 contract

Samples: Construction Manager at Risk Agreement

GMP. The parties agree that the GMP for the Project is $ $1,240,965, consisting of the Preconstruction Feethe, the Estimated Cost of the Work and the CM/GC Fee (stated as a fixed dollar lump sum amount), as follows: Preconstruction Fee: $ Estimated Cost of Work (Est. COW): $ CM/GC Fee ( (4.84% of Est. COW): $ GMP (Total of above categories): $ For purposes of determining the GMP, the Estimated Cost of the Work includes the CM/GC’s Contingency, costs the Fixed Cost for General Conditions GC Work, and the costs of all components and systems required for a complete, fully functional facility, as defined by the Contract Documents provided by Client. Owner and CM/GC acknowledge that the total construction budget shall not exceed a GMP of $1,240,965.

Appears in 1 contract

Samples: Cm/Gc Contract

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