Common use of GUARANTEED MAXIMUM PRICE (GMP) PROPOSALS Clause in Contracts

GUARANTEED MAXIMUM PRICE (GMP) PROPOSALS. 2.7.1.1 The proposed GMP for the entire Work (or portions thereof) will be presented in a format acceptable to the Owner. Due to the potential for the Owner to update procedures without notice, XXXX must verify with the Owner the current submittal requirements and procedures when entering into these services.

Appears in 4 contracts

Samples: Phase Services, Design Phase Services, Phase Services

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GUARANTEED MAXIMUM PRICE (GMP) PROPOSALS. 2.7.1.1 2.7.1 The proposed GMP for the entire Work (or portions thereof) will be presented in a format acceptable to the OwnerAUTHORITY. Due to the potential for the Owner to update procedures without noticeupdates, XXXX must verify with the Owner AUTHORITY the current submittal requirements and procedures when entering into these services.

Appears in 1 contract

Samples: Design Phase Services Contract

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