Common use of GUARANTEED MAXIMUM PRICE PLUS % COST SAVINGS OPTION Clause in Contracts

GUARANTEED MAXIMUM PRICE PLUS % COST SAVINGS OPTION. The Price of the Services and the Price of the Work are guaranteed by the Construction Manager not to exceed /100 dollars ($ ), subject to the adjustment as provided in GC 6.1 – OWNER’S RIGHT TO MAKE CHANGES, GC 6.2 – CHANGE ORDER or GC 6.3 – CHANGE DIRECTIVE. 6 CCDC 5B – 2010 At the conclusion of the Project, .1 any amount, consisting of the sum of the Price of the Services and the Price of the Work, in excess of this Guaranteed Maximum Price will be paid by the Construction Manager without reimbursement by the Owner. .2 if the sum of the Price of the Services and the Price of the Work is less than this Guaranteed Maximum Price, the difference will be disbursed as follows:

GUARANTEED MAXIMUM PRICE PLUS % COST SAVINGS OPTION. The Price of the Services and the Price of the Work are guaranteed by the Construction Manager not to exceed /100 dollars ($ ), subject to the adjustment as provided in GC 6.1 – OWNER’S – OWNER’S RIGHT TO MAKE CHANGES, GC 6.2 – – CHANGE ORDER or GC 6.3 – – CHANGE DIRECTIVE. 6 CCDC 5B – – 2010 At the conclusion of the Project, .1 any amount, consisting of the sum of the Price of the Services and the Price of the Work, in excess of this Guaranteed Maximum Price will be paid by the Construction Manager without reimbursement by the Owner. .2 if the sum of the Price of the Services and the Price of the Work is less than this Guaranteed Maximum Price, the difference will be disbursed as follows:.