Common use of Guaranteed Maximum Price or GMP Clause in Contracts

Guaranteed Maximum Price or GMP. The maximum amount, including, but not limited to, the Preconstruction Fee, the Design-Build Fee and the Cost of the Work, that will be paid the Design-Builder to Fully Complete the Project. The GMP may be modified only by Change Order or Change Directive in accordance with the Agreement. The GMP shall be established in the GMP Amendment.

Appears in 5 contracts

Samples: Design Build Agreement, Design Build Agreement, Design Build Agreement

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Guaranteed Maximum Price or GMP. The maximum amount, including, but not limited to, the Preconstruction Fee, the Design-Build Fee and the Cost of the Work, that will be paid the Design-Builder to Fully Complete the ProjectProject as set forth in Article 5 - . The GMP Guaranteed Maximum Price (“GMP”) may be modified only by Change Order or Change Directive in accordance with the Agreement. The GMP shall be established in the GMP Amendment.

Appears in 5 contracts

Samples: Design Build Agreement, Design Build Agreement, Design Build Agreement

Guaranteed Maximum Price or GMP. The maximum amount, including, but not limited to, the Preconstruction Fee, the Design-Build Construction Management Fee and the Cost of the Work, that will be paid to the Design-Builder Contractor to Fully Complete the ProjectProject as set forth in Article 5. The GMP Guaranteed Maximum Price (“GMP”) may be modified only by Change Order or Change Directive in accordance with the Agreement. The GMP shall be established in the GMP Amendment.

Appears in 3 contracts

Samples: Construction Management at Risk Services Agreement, Construction Management at Risk Services, Construction Management at Risk Agreement

Guaranteed Maximum Price or GMP. The maximum amount, including, but not limited to, the Preconstruction Fee, the Design-Build Construction Management Fee and the Cost of the Work, that will be paid the Design-Builder Construction Manager to Fully Complete the ProjectProject as set forth in Article 5 - . The GMP Guaranteed Maximum Price (“GMP”) may be modified only by Change Order or Change Directive in accordance with the Agreement. The GMP shall be established in the GMP Amendment.

Appears in 2 contracts

Samples: Construction Management at Risk Agreement, Construction Management at Risk Agreement

Guaranteed Maximum Price or GMP. The maximum amount, including, but not limited to, the Preconstruction Fee, the Design-Build Fee and the Cost of the Work, that will be paid the Design-Builder to Fully Complete the ProjectProject as set forth in Article 5 - . The GMP Guaranteed Maximum Price (“GMP”) may be modified only by Change Order Order, Contract Modification or Change Directive in accordance with the Agreement. The GMP shall be established in the GMP Amendment.

Appears in 2 contracts

Samples: Design Build Agreement, Design Build Agreement

Guaranteed Maximum Price or GMP. The maximum amount, including, but not limited to, the Preconstruction Design Fee, the Design-Build Fee and the Cost of the Work, that will be paid the Design-Builder to Fully Complete the Project. The GMP may be modified only by Change Order or Change Directive in accordance with the Agreement. The GMP shall be established in the GMP Amendment.

Appears in 2 contracts

Samples: Design Build Agreement, Design Build Agreement

Guaranteed Maximum Price or GMP. The maximum amount, including, but not limited to, the Preconstruction Fee, the Design-Build Construction Management Fee and the Cost of the Work, that will be paid to the Design-Builder Contractor to Fully Complete the ProjectProject as set forth in Article 5. The GMP Guaranteed Maximum Price (“GMP”) may be modified only by Change Order or Change Directive in accordance with the Agreement. The GMP shall be established in the GMP Amendment.

Appears in 2 contracts

Samples: Construction Management Agreement, Construction Management Agreement

Guaranteed Maximum Price or GMP. The maximum amount, including, but not limited to, the Preconstruction Fee, the Design-Build Fee Construction Management Fee, any incentives authorized hereby and the Cost of the Work, that will be paid the Design-Builder Construction Manager to Fully Complete the Project. The GMP may be modified only by Change Order or Change Directive in accordance with the Agreement. The GMP shall be established in the GMP Amendment.

Appears in 1 contract

Samples: Construction Management at Risk Agreement

Guaranteed Maximum Price or GMP. The maximum amount, including, but not limited to, the Preconstruction Fee, the Design-Build Fee and the Cost of the Work, that will be paid the Design-Builder to Fully Complete the ProjectProject as set forth in 0. The GMP Guaranteed Maximum Price (“GMP”) may be modified only by Change Order or Change Directive in accordance with the Agreement. The GMP shall be established in the GMP Amendment.

Appears in 1 contract

Samples: Design Build Agreement

Guaranteed Maximum Price or GMP. The maximum amount, including, but not limited to, the Preconstruction Fee, the Design-Build Construction Management Fee and the Cost of the Work, that will be paid the Design-Builder Construction Manager to Fully Complete the ProjectProject as set forth in Article 5. The GMP Guaranteed Maximum Price (“GMP”) may be modified only by Change Order or Change Directive in accordance with the Agreement. The GMP shall be established in the GMP Amendment.

Appears in 1 contract

Samples: Construction Management at Risk Agreement

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Guaranteed Maximum Price or GMP. The maximum amount, including, but not limited to, the Preconstruction Fee, the Design-Build Fee and the Cost of the Work, that will be paid the Design-Builder to Fully Complete the ProjectProject as set forth in Article 4 - . The GMP Guaranteed Maximum Price (“GMP”) may be modified only by Change Order or Change Directive in accordance with the Agreement. The GMP shall be established in the GMP Amendment.

Appears in 1 contract

Samples: Design Build Agreement

Guaranteed Maximum Price or GMP. The maximum amount, including, but not limited to, the Preconstruction Fee, the Design-Build Fee and the Cost of the Work, that will be paid to the Design-Builder to Fully Complete the ProjectProject as set forth in Article 4. The GMP Guaranteed Maximum Price (“GMP”) may be modified only by Change Order Order, Contract Modification or Change Directive in accordance with the Agreement. The GMP shall be established in the GMP Amendment. For the avoidance of confusion, the total Project GMP will be equal to the sum of the Summer 1 GMP and the Summer 2 GMP.

Appears in 1 contract

Samples: Design Build Agreement

Guaranteed Maximum Price or GMP. The maximum amount, including, but not limited to, the Preconstruction Fee, the Design-Build Fee and the Cost of the Work, that will be paid the Design-Builder to Fully Complete the ProjectProject as set forth in Article 5. The GMP Guaranteed Maximum Price (“GMP”) may be modified only by Change Order Order, Contract Modification or Change Directive in accordance with the Agreement. The GMP shall be established in the GMP Amendment.

Appears in 1 contract

Samples: Design Build Agreement

Guaranteed Maximum Price or GMP. The maximum amount, including, but not limited to, the Preconstruction Fee, the Design-Build Fee and the Cost of the Work, that will be paid the Design-Builder to Fully Complete the Project. Project as set forth in Article 5 - The GMP Guaranteed Maximum Price (“GMP”) may be modified only by Change Order Order, Contract Modification or Change Directive in accordance with the Agreement. The GMP shall be established in the GMP Amendment.

Appears in 1 contract

Samples: Design Build Agreement

Guaranteed Maximum Price or GMP. The maximum amount, including, but not limited to, the Preconstruction Fee, the Design-Build Fee and the Cost of the Work, that will be paid the Design-Builder to Fully Complete the ProjectProject as set forth in Article 4. The GMP Guaranteed Maximum Price (“GMP”) may be modified only by Change Order or Change Directive in accordance with the Agreement. The GMP shall be established in the GMP Amendment. For the avoidance of confusion, the total Project GMP will be equal to the sum of the Phase A GMP and the Phase B GMP.

Appears in 1 contract

Samples: Design Build Agreement

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