GUARANTEED MAXIMUM PRICE AMENDMENT Sample Clauses

GUARANTEED MAXIMUM PRICE AMENDMENT. This Guaranteed Maximum Price Amendment (“GMP Amendment”) is made as of the ____ day of ___________ in the year of Two Thousand and Twenty-Two by and between: the “Owner”: Xxxxxxx School District No. 15 00000 00xx Xxxxxx Xxxx Lynnwood, Washington 98036 and the “Design-Builder”: ___________________ ___________________ ___________________ for the following design-build project (the “Project”): Mountlake Terrace High School HVAC Replacement 00000 00xx Xxxxxx Xxxx Mountlake Terrace, Washington 98043 The Owner and Design-Builder agree as follows:
Sample 1
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GUARANTEED MAXIMUM PRICE AMENDMENT. A. When the Drawings and Specifications are sufficiently complete to enable detailed Guaranteed Maximum Price (GMP) to be prepared for the entire project clearly itemizing the costs of each component (such as site work, demolition, concrete, masonry, thermal moisture protection, roofing, doors & windows, finishes, plumbing, HVAC, electrical, and like items) the Construction Manager shall prepare a GMP and submit it to the City for approval. The GMP shall be the sum of the direct coast of the Work, general requirements, Construction Manager’s Fee for services, plus the guaranteed not- to-exceed general condition items, the Construction Manager’s estimated cost of all work within the scope defined by this Agreement, the Construction Manager’s contingency, and the City’s Allowances. The GMP shall not include any other project expenses not directly involved in the scope of construction included in this Agreement, such as site acquisition, professional design fees, site survey, material testing fees, financing costs, or other contract costs for contracts directly with the City.
Sample 1
GUARANTEED MAXIMUM PRICE AMENDMENT. This Guaranteed Maximum Price Amendment (“Amendment”) is entered into by and between the Texas Facilities Commission (hereinafter referred to as “TFC”), a state agency located at 0000 Xxx Xxxxxxx Xxxx., Xxxxxx, Xxxxx 00000, and X.X. Xxxxxx Construction, LLC (hereinafter referred to as “CMR”), located at 00000 Xxxxxxxx Xxxxx, Xxxxxxx, Xxxxx 00000. This Amendment amends that one certain Construction Manager- at-Risk Contract between TFC and CMR, dated [INSERT DATE] (the “Contract”).
Sample 1

Related to GUARANTEED MAXIMUM PRICE AMENDMENT

  • Guaranteed Maximum Price The anticipated Guaranteed Maximum Price for the Project at the time this Agreement is executed is: Fifty Million, Six Hundred Four Thousand, Eight Hundred Fifty-Five and no/100 Dollars ($ 50,604,855.00);

  • Guaranteed Maximum Price (GMP Construction Manager guarantees that it shall not exceed a Guaranteed Maximum Price (GMP) of Eight Hundred Thirty Thousand, Two Hundred Twenty Dollars and Forty-Five Cents ($830,220.45) for the identified Sub-Project.

  • GUARANTEED MAXIMUM PRICE PROPOSAL 7.1 At the conclusion of the Design Development phase the Contractor shall prepare and submit a Guaranteed Maximum Price Proposal to Owner based on the Design Development phase documents and review comments. The GMP shall be delivered to the Owner within three (3) weeks of the Design Development review meeting or a date established by the Owner. The GMP Proposal must be prepared in accordance with the guidelines established by Owner and delivered in the format specified by Owner in Exhibit “E” attached to this Agreement. Owner, at its sole option and discretion, may specify different requirements for the GMP Proposal. Contractor shall not withdraw its Guaranteed Maximum Price Proposal for ninety (90) days following submission to Owner.

  • Basis of Guaranteed Maximum Price The Design-Builder shall include with the GMP Proposal a written statement of its basis, which shall include:

  • Guaranteed Maximum Costs The City’s payment obligation to Contractor cannot at any time exceed the amount certified by City’s Controller for the purpose and period stated in such certification. Absent an authorized Emergency per the City Charter or applicable Code, no City representative is authorized to offer or promise, nor is the City required to honor, any offered or promised payments to Contractor under this Agreement in excess of the certified maximum amount without the Controller having first certified the additional promised amount and the Parties having modified this Agreement as provided in Section 11.5, “Modification of this Agreement.”

  • Maximum Obligation Contract Enter total maximum obligation for total duration of this contract (or new total if Contract is being amended). $ . PROMPT PAYMENT DISCOUNTS (PPD): Commonwealth payments are issued through EFT 45 days from invoice receipt. Contractors requesting accelerated payments must identify a PPD as follows: Payment issued within 10 days % PPD; Payment issued within 15 days % PPD; Payment issued within 20 days % PPD; Payment issued within 30 days % PPD. If PPD percentages are left blank, identify reason: agree to standard 45 day cycle statutory/legal or Ready Payments (M.G.L. c. 29, § 23A); only initial payment (subsequent payments scheduled to support standard EFT 45 day payment cycle. See Prompt Pay Discounts Policy.)

  • PAYMENT AND CONTRACT PRICE C1 Contract Price C2 Payment and VAT C3 Recovery of Sums Due C4 Contract Price During Extension of the Initial Contract Period C5 Euro

  • QUANTITY BASIS OF CONTRACT – NO GUARANTEED QUANTITIES The contract established has no guarantee of any specific quantity and the State is obligated only to buy that quantity which is needed by its agencies.

  • C1 Contract Price C1.1 In consideration of the Contractor’s performance of its obligations under the Contract, the Authority shall pay the Contract Price in accordance with clause C2 (Payment and VAT).

  • Contract Prices All Contract prices set forth in this Section include all costs necessary to complete the work for which the price is established (e.g., Base Contract, Unit Price, Options) in accordance with the Contract Documents, including, but not limited to, the cost of work performed by subcontractors and consultants, indirect costs, fees, expenses, taxes, and profit.

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